Alternative Investments/ESG: Neuberger Berman Unveils Climate Innovation Fund

“We see a €90trn funding gap from now through 2050 to address climate change.”

Neuberger Berman has recently introduced the Neuberger Berman Climate Innovation fund, aiming to invest in cutting-edge climate technologies and solutions. This fund, managed by New York-based portfolio managers Evelyn Chow and Charlie Lim, is designed to maintain a portfolio of 30 to 60 global equity holdings.

The fund adopts a distinctive approach, combining in-depth fundamental analysis with an emphasis on Environmental, Social, and Governance (ESG) criteria. Its focus extends beyond merely identifying climate technology trends; it seeks to support and benefit from the key enablers driving climate innovation.

The Neuberger Berman Climate Innovation fund aligns with Article 8 of the EU Sustainable Finance Disclosure Regulation, and its performance will be measured against the MSCI All-Country World Index. This ensures a commitment to sustainable finance principles and responsible investing. (ESG CLARITY)

Evelyn Chow and Charlie Lim, who have a two-year track record in this investment strategy, will oversee the fund. They will be supported by Neuberger Berman’s extensive global equity research team, comprising more than 49 investment professionals, as well as the firm’s data science and ESG teams.

Chow highlighted the pressing need for substantial investment, citing a €90 trillion funding gap between now and 2050 to address climate change. Lim emphasized that this investment in climate innovation is not only a growth opportunity but also a positive contribution to society.

Sarah Peasey, Head of Europe ESG Investing at Neuberger Berman, emphasized the growing awareness among clients about the opportunities and risks associated with climate change. She believes that investing in climate innovation not only supports sustainable technologies but also contributes to a more environmentally conscious society, making it an appealing prospect for investors across asset classes.

Related Story:  Neuberger Berman Launches Carbon Transition ETF

Image by G.C. from Pixabay

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