Credit Suisse Asset Management (CSAM) is the latest manager to commit to environmental, social and governance (ESG) factors across its product range.
The firm is aiming to have 100 billion Swiss francs (€92 billion) of assets under management incorporating ESG criteria by the end of next year.
During the first phase of implementation, more than 30 actively managed investment funds with more than 20 billion Swiss francs of assets will be repositioned in order to fulfil the ESG criteria as laid out by the firm’s own sustainable investing framework.
This first step is set to be completed by the end of October this year. According to CSAM, ESG strategy will feature negative screening but also promote dialogue with companies.
Michel Degen, regional head of Credit Suisse Asset Management Switzerland in Europe, Middle East and Africa, said: “I am convinced that the integration of ESG criteria into our investment process will create lasting performance benefits, positioning us to generate attractive investment returns for our clients over the long term.”
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