We have been an early and significant adopter of a policy of fossil fuel divestment in a sophisticated and diversified portfolio. We also aim to go beyond exclusion and to invest proactively in strategies which support the possibility of a lower carbon future whilst not compromising investment returns.
This ongoing work is considering innovative low-carbon, resource efficiency and sustainable investment strategies across asset classes. Notably, we have been instrumental working with managers to create new products here. Driving better behaviour in the investment industry and facilitating the creation of new ESG products early can catalytic for responsible investment generally.
We are also considering innovators in the field of social and environmental market-rate impact investing and placing more emphasis on this growing space.