Eurosif, the Brussels-based European association for promoting sustainable and responsible investments, has confirmed compliance with the European SRI Transparency Code for three strategies offered by KBI Global Investors (formerly Kleinwort Benson Investors).
The Code approval has been awarded KBIGI’s Water, Energy Solutions and Agribusiness funds, which the manager says is the first time an Irish fund manager has been awarded such approval. The Code requires signatories to be “open and honest, and disclose accurate, adequate and timely information to enable stakeholders to understand the policies and practices of a given SRI fund”, KBIGI said. It has also become a mandatory requirement for a number of national SRI labels, and being a signatory is required for SRI funds in Belgium and France.
KBIGI is a signatory to the UN PRI, and a member or signatory to the Carbon Disclosure Project, Global Impact Investing Network and UK Stewardship Code (Tier 1 status).
Eoin Fahy, head of Responsible Investing at KBIGI (pictured) said: “We have always placed a great deal of emphasis on transparency, and have been part of a vanguard movement, building ESG criteria into our investment processes from an early stage. Openness and honesty are amongst the hygiene factors by which any manager can be judged, and we applaud Eurosif’s efforts in enabling stakeholders to better understand the policies and practices of an SRI fund. We welcome this news and will look to build on our achievements in this area with our Global Equity Strategies ESG funds.”
Thematics Asset Management was launched earlier in 2019 as an affiliate of Natixis Investment Managers, to target the growing opportunities linked to secular growth drivers linked to themes such as safety, water, and artificial intelligence and robotics....