Standard Life Investments has launched a foray into impact investment with the launch of its Global Equity Impact fund.
The fund will be managed by Sarah Norris and Dominic Byrne and will back companies it believes are producing positive social and environmental gains, alongside traditional financial returns.
Norris said: ‘Asset owners are looking to embrace impact investing but lack appropriate investment solutions. The UN’s SDGs provide a common language for impact solutions that help unlock impact investing for mainstream investors.’
SLI used the United Nation’s 17 Sustainable Development Goals as a model for the fund’s remit. The managers said sectors such as healthcare, education, and poverty reduction would be among their areas of interest.
‘Impact investing is not just about rewarding those already making a difference, but about shifting the might of the capital market to change the world for the better,’ said Euan Stirling, global head of stewardship and ESG investment at Aberdeen Standard Investments.
‘The world faces numerous challenges, from climate change and poverty to inequality and pollution. As asset managers, we believe we can play a vital role in helping to address these issues.’