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17 March 2020

Lombard Odier mulls a climate transition fund with $260 million

The fund will target companies that are focused on building more resilient infrastructure or those that monitor physical and financial risks related to climate damage

LOIM will provide investors with a sustainability report on the climate impact of the fund’s companies

by Kudakwashe Muzoriwa

Lombard Odier Group’s asset management unit is set to launch a climate transition strategy fund targeted at companies in carbon-intensive industries such as base metal production and chemicals, that are leading the way on transitioning their business models.

The Swiss-based lender stated that Lombard Odier Investment Managers’ (LOIM) fund invests in companies that are already generating superior returns and those that are positioned to generate growth and gain market share.

Bloomberg reported that the fund raised about $260 million ahead of launch.

Lombard Odier said that the approach was inspired by the latest recommendations across science, industry and policy, and is informed by developments under the EU sustainable finance action Plan through the emergent EU taxonomy and climate benchmarks.

Hubert Keller, the Managing Partner of Lombard Odier Group and CEO of LOIM, said, “LOIM will provide investors with a sustainability report to show the positive climate impact that investment in these companies brings to society and the planet and to report on stewardship progress across the portfolio.”

The climate transition strategy fund is managed by Paul Udall and François Meunier, Portfolio Managers within LOIM’s Global Equities team.  The fund will invest in equities, though the bank hopes to expand the strategy across asset classes in the future.

The Oxford Martin Principles for Climate-Conscious Investment are incorporated at the heart of the strategy’s stewardship approach, as well as in the overall stewardship activities of LOIM.

LOIM will provide investors with a sustainability report on the climate impact of the fund’s companies.


RELATED STORIES: Lombard Odier Group Oxford Martin Principles for Climate-Conscious Investment Lombard Odier Investment Managers





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