ESG
The ESG Phenomenon: EdenTree
The latest developments in areas such as ESG investing and impact investment.
EdenTree Investment Management
EdenTree
Investment Management has just announced that it will be
changing the name of its recently-launched EdenTree Global Select
Government Bond Fund as the fund adopts a “Sustainability
Focus” label under the Financial Conduct Authority’s (FCA)
Sustainability Disclosure Requirements (SDR) regime.
From 3 February 2025, the fund will be called the EdenTree Global Sustainable Government Bond Fund, in recognition of its labelled status, while continuing to be run with the same sustainable investment approach, the firm said in a statement.
As a global portfolio of government and government-related ESG-labelled bonds managed by EdenTree’s head of fixed income, David Katimbo-Mugwanya, the fund targets at least 80 per cent asset exposure to government and government-related green, social, sustainable or impact bonds, the proceeds of which finance new or existing projects that support a reduction in carbon emissions caused by human activities and/or enable greater access to services that empower communities around the world.
“We know that the current landscape for clients looking to select sustainable investment vehicles can be challenging and, while we will be making no changes to the fund’s investment approach or process, we hope that by making this update and adopting this label, we can fully confirm for investors that the fund they are buying is truly aligned to their investment and sustainability goals,” James Tomlinson, head of wholesale distribution, EdenTree, said.
“Global governments continue to play a pivotal role in the transition to a lower-carbon economy. Countries keen to enhance their climate commitment credentials are growing their ESG-labelled debt funding programmes, while inaugural sovereign bond issuances dedicated towards environment-related projects – such as those seen from Japan and Australia in 2024 – continue apace,” Katimbo-Mugwanya added.