Credit Suisse Asset Management Makes ESG Announcement

https://dailyalts.com/wp-content/uploads/2019/10/5ee6d74b4d52b114a6d98074cf213576083edbe35a58764c742979_640.jpg

The Swiss firm goes all-in on ESG factors in its decision making.

Credit Suisse Asset Management announced plans to adopt ESG factors into all of its investment decisions. The firm said that any fund with more than CHF 20 billion in assets will implement ESG criteria into its framework. The company has more than 30 actively managed funds with that level of AUM. After fully implementing these factors into the framework of those funds, it will move into other funds as well.

It will bolster the fund range for ESG standards to CHF 100 billion by the end of 2019.

Credit Suisse Asset Management Adopts ESG Standards

The company said it will adopt these ESG factors to “define the investment universe (negative screening), integrate financially material ESG information into the investment process and define the dialogue with companies (proxy voting and engagement)”.

“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,” said Credit Suisse Asset Management head of Switzerland and EMEA Michel Degen.

ESG Hiring Boost

The firm has been on a major ESG and “impact investing” kick since 2017. At the time, the firm launched its Impact Advisory and Finance (IAF) Department.

Earlier this year, it expanded its team to improve its ESG reach. The firm hired Daniel Wild in April from RobecoSAM. Wild is the firm’s global head of ESG strategy.

In September, the company also hired ex-UBS bankers James Gifford and Helen McDonald as well as former Lombard Odier banker Guillaume Bonnel. Those hires bolstered the firm’s impact investing reach.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

January 29, 2020

Venture Capital: The Kobe in “Bryant Stibel & Co”

Venture Capital: The Kobe in “Bryant Stibel & Co”
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/02/bitcoin-2665933_640-binance.jpg
Digital Assets: A Cloud-based, Turnkey Crypto Exchange Solution From Binance
February 18, 2020     Digital Assets

Binance, which is the world’s largest crypto exchange by trading volume, announced Monday the launch of its Binance Cloud. The Binance Cloud is an all-in-one solution for crypto market participants…

https://dailyalts.com/wp-content/uploads/2020/02/currency-3077534_640-polychain.jpg
Venture Capital: Polychain Capital to Raise $200M To Back Crypto Startups
February 18, 2020     Digital Assets, News, Venture Capital

Polychain Capital’s second venture fund, which targets a war chest of $200 million, opened at the beginning of 2020. The crypto venture fund is accepting minimum investments of $1 million…

https://dailyalts.com/wp-content/uploads/2020/02/board-1364655_640-AI-EU-Rules.jpg
Artificial Intelligence: Margrethe Vestager to Announce the EU’s New Regulations For AI Today
February 18, 2020     Artificial Intelligence, Latest News, News

The EU’s rules set to be announced today will thrust on enhancing the region’s competitiveness but will do so with an emphasis on transparency, oversight, and protection of privacy.

https://dailyalts.com/wp-content/uploads/2020/02/window-blinds-932644_640-american-century.jpg
Liquid Alternatives: American Century May Unveil the Very First Non-Transparent ETFs
February 18, 2020     Latest News, Liquid Alternatives, News

Two American Century funds may be the first to test waters as “actively managed” ETFs. Having received the SEC’s approval for its final key filing, Cboe BZX Exchange, Inc. is…

Scroll to Top