ESG: Standard Life Makes Huge Pivot with 25 New Funds

March 13, 2020 | ESG and Sustainability, News
https://dailyalts.com/wp-content/uploads/2020/03/52e8d04b4f55a814ea898579ce203e7c1d22dfe05b55714d772b7dd5_640.jpg

Standard Life ESG investment will be a major trend in the year ahead. Standard Life Aberdeen has announced plans for 25 new funds centered around sustainability. According to Citywire, the firm is looking to bolster its brand and incorporate ESG into almost every investment decision. Keith Skeoch announced the plan during the publication of the company’s full-year financial performance this week.

Standard Life ESG Status

According to a statement, the firm received significant interest from shareholders and stakeholders around ESG.

“ESG is not a buzz word in our business, this is how we’ve been running our investment process for almost three decades,” said Skeoch. The company’s pivot comes at a time that it saw its net outflows from funds drop dramatically since 2018.

“We will continue to invest in and launch more sustainable products this year,” said Campbell Fleming, global head of distribution at Standard Life. “We are seeing significant interest in our ESG practices.”

Fleming continued: “Investors want their investments to have a social and environmental impact on the planet. For those thinking long-term, they need to think about their impact on the environment. If you have a look at some of our equity capabilities, we are shifting that to work more on sustainable investing.”

Related: Institutional Investors Press Hedge Funds on ESG Investing

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.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/07/dollar-499481_640.jpg
Venture Capital: TrueBridge Capital Partners Closes Fund-of-Funds VI at $600M
July 14, 2020     News, Venture Capital

TrueBridge Capital Partners, the venture capitalist firm based in Chapel Hill, N.C., announced the closure of its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. after receiving commitments…

https://dailyalts.com/wp-content/uploads/2020/07/new-home-1664272_640.jpg
Alternative Investments: A Pivotal Change in Trend of New Home Sales? Homebuilder ETFs To Consider
July 14, 2020     Alternative Investments, News, Real Estate

The pandemic sparked whole new trends including a massive jump in online ordering and digital payments, the wholesale conversion to “work-from-home,” and the decimation of business prospects for movie theaters…

https://dailyalts.com/wp-content/uploads/2020/07/12565194585_344f83054a_w.jpg
Digital Assets: Bank of England Mulling CBDC
July 14, 2020     Digital Assets, News

Speaking to students on a webinar, Bank of England governor Andrew Bailey said the bank was considering whether a UK central bank digital currency (CBDC) was feasible.

https://dailyalts.com/wp-content/uploads/2020/07/robin-hood-4562123_640.jpg
FinTech: Robinhood, the Fee-Free Trading App, Raises $320M At $8.6B Valuation
July 14, 2020     FinTech, News

Nothing, it seems, can stand in the way of Robinhood’s cash chase. COVID-19 notwithstanding, the share trading and investment platform announced and raised in May an ‘F’ funding of $280…