Robeco stands to expand its ESG investing business to South Africa through a deal with Sanlam Investments.
Sanlam has selected Netherlands-based fund manager Robeco to be its “sustainable investment partner”.
The partnership covers ESG reporting and engagement services, among other activities.
Nersan Naidoo, chief executive of Sanlam Investments, whose parent Sanlam Group is based in South Africa, said Robeco would help Sanlam “fast-track” the integration of sustainable investing practices into its business.
Naidoo also said: “The pandemic has concretised what we’ve known for some time: that as an asset management business, we are in a strong position to make a tangible, measurable difference. At the heart of our purpose is our journey towards long-term sustainability for South African investors, our economy and various communities. The world is changing rapidly, and our purpose has evolved well beyond just wealth creation.”
Malick Badjie, head of Africa distribution at Robeco: “We are excited about working with Sanlam Investments in both a South African, as well as a wider African, context. We are thrilled to be collaborating with like-minded strategic partners to really advance the sustainability agenda and make our shared goals a reality.”
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