Cazenove fund to offset carbon footprint

The wealth manager has teamed up with social enterprise Ecologi for biodiversity and reforestation projects

Cazenove Capital has announced it will offset the carbon footprint of its Charity Responsible Multi-Asset Fund.

The wealth manager has appointed social enterprise Ecologi to conduct projects aimed at offsetting the carbon emissions of the fund’s equity investments.

The fund aims to meet an inflation plus 4% target over the long term with a responsible investment approach. It invests around 70% in global equities and has top holdings in the HSBC FTSE All-World Index, the Vanguard S&P 500 Ucits ETF and iShares Physical Gold ETC.

The chosen environmental projects will be focused on the protection of biodiversity and reforestation around the world. Current projects include protecting native forests in Columbia, supporting a reforestation project in Uraguay, and planting 5,000 tree seedlings in  Nicaragua and Madagascar.

Kate Rogers, co-head of charities at Cazenove Capital, said:This gives our clients the confidence that their holdings will not only accelerate the energy transition through investment in green bonds, sustainable farming and renewable energy, but also support vital environmental projects.

“This initiative further reinforces our steadfast commitment to investing for a better future for people and planet, as we further align our business with the 2015 Paris Agreement.”

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Natasha Turner

Natasha is global deputy editor at ESG Clarity, part of the Bonhill Group, and has been a financial journalist for six years. She has been shortlisted for Story of the Year and Investment Journalist of...