Fund manager Cameron Hume has been awarded a top ESG rating for active ownership by the Principles of Responsible Investment (PRI) in the 2019 round of reports.
The firm, which appointed the former CEO of Standard Life, Sir Sandy Crombie (pictured), as its chairman in 2018, received the A+ rating for active ownership across all fixed income asset classes. The Edinburgh-based company also scored an A for strategy and governance.
The PRI, which is backed by the United Nations, scores companies on their effective incorporation of ESG – encouraging investors to use responsible investment to enhance returns and better manage risks.
“The integration of ESG factors into investments of all kinds will one day be the norm. Cameron Hume is playing its part by offering the capability for investors to integrate ESG factors into fixed income investments,” Cameron Hume’s chief investment officer Guy Cameron said.
“[We have] a very strong commitment to the principles that the PRI stands for. It is vitally important that more investment decisions are taken with ESG factors at the forefront, and Cameron Hume is gaining traction in this area through our deep integration of ESG factors, and the quality of our ongoing research programme,” Cameron added.
Formed in 2011 by Guy Cameron and Christian Torkington, Cameron Hume launched its global fixed income ESG fund in August 2018.
The actively-managed fund, which reports ESG exposures using MSCI’s ESG ratings, holds up to 400 fixed income securities and is benchmarked against the Bloomberg Barclays Global Aggregate Index.
The fund’s returns-based approach offers asset owners the ability to make an immediate improvement in the management of ESG exposure for their fixed income allocation, the company said.