Cazenove Capital is today announcing that it has appointed a leading social enterprise, Ecologi, to offset the carbon footprint of its Charity Responsible Multi-Asset Fund. The carbon offset cost will be absorbed by Cazenove Capital and not passed on to investors, a testament to the company’s commitment to invest for a better future.
In a pioneering move, the Charity Responsible Multi-Asset Fund will combine a low-carbon investment approach with a commitment to offset the remaining carbon emissions from its equity investments in joining forces with Ecologi. The chosen environmental projects will be focused on the protection of biodiversity and reforestation around the world. Investors will see the direct impact of their assets with transparent reporting on the Fund's carbon footprint, the environmental projects supported and the number of trees planted.
Kate Rogers, Co-Head of Charities, Cazenove Capital, commented:
‘We are hugely excited about our collaboration with Ecologi. This gives our clients the confidence that their holdings will not only accelerate the energy transition through investment in green bonds, sustainable farming and renewable energy, but also support vital environmental projects.
“We are proud to have already protected native forests in Colombia, supported a reforestation project in Uruguay, and planted 5,000 tree seedlings in Nicaragua and Madagascar. This initiative further reinforces our steadfast commitment to investing for a better future for people and planet, as we further align our business with the 2015 Paris Agreement.”
“Available to charities of all sizes, our innovative Responsible Multi-Asset Fund has a carbon footprint of less than half of the global equity index and generates four times the social impact.”
This initiative follows Schroders' announcement of its commitment to carbon-neutral global operations from January 2020, with a number of measures designed to reduce the firm’s gross emissions as well as a carbon offsetting programme.
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As a long-established wealth manager with an absolute focus on preserving and growing our clients’ wealth, what matters most to our clients, matters most to us.
Private individuals, family offices, trusts, institutions and charities all rely on us to provide them with bespoke wealth management services. Skilled in investment management, wealth planning and banking services – we also offer discretionary fund management to external advisers and their clients, and we are the largest charity fund manager by assets under management in the UK.
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£65.7 billion assets under management globally across all Wealth Management offices (including Benchmark Capital) as at 30 June 2020.
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