Brunel seeks innovative Sustainable Equities managers
PRESS RELEASE
FOR IMMEDIATE RELEASE
Brunel Pension Partnership Limited (Brunel) is pleased to launch its call for expressions of interest for its Sustainable Equities offering.
The deadline for receipt of expressions of interest, using the briefing document and submission template, is 11am GMT on Friday 11 October 2019.
“This is an exciting opportunity to work with Brunel on an innovative, positive approach to pensions investment,” says Mark Mansley, Brunel’s Chief Investment Officer. “The portfolio aims to generate excellent long-term financial returns by investing in companies that are able to clearly demonstrate that sustainability is at the core of what they do.”
Faith Ward, Chief Responsible Investment Officer, states: “This exciting sub-fund is fully aligned to Brunel’s investment principles. It offers our Clients the opportunity to proactively capital allocate to sustainable solutions.”
Embracing a vision of sustainable economic growth
Brunel expects to spread the portfolio between three and five managers with diverse and complementary approaches. “We will be looking for a truly global approach to sustainable investing that embraces the vision of sustainable economic growth that supports a thriving environment and society,” says Faith.
Mark concludes: “We see this as an area of fast increasing popularity. As well as considering traditional sustainable equities, we will be keen to hear from managers with innovative approaches.”
Brunel’s sustainable equities sub-fund is a long-term focused investment approach which integrates Environmental, Social, Governance (ESG) considerations throughout the whole investment process, decision making, stewardship, policies and strategies. It goes beyond risks and seeks to maximise exposure to positive pursuit companies, targeting solutions to sustainability and benefiting society as a whole.
We will favour managers with an internal ESG research capability, who take qualitative approaches, and who address ESG through positive screens. We are interested in a global approach rather than those covering only certain regions.
The portfolio size will initially be between £1 and £1.5bn, but this figure may rise. The sub-fund value will be allocated between the selected managers. The sub-fund will be delivered through the ACS platform Brunel has developed in conjunction with FundRock.
The formal launch is scheduled for Q2 2020.
Get in touch
If you’re an interested fund manager who hasn’t yet submitted details or who has pre-registered but hasn’t received an acknowledgement, please email sustainableequity@brunelpp.org. You will receive a briefing document and submission template regarding the call for expressions of interest.
Your email subject should be ‘Sustainable Equities EOI Documentation Request’. If you don’t receive an acknowledgement within 48-hours, please forward your email to investments.brunel@brunelpp.org.
About Brunel Pension Partnership Limited
Brunel Pension Partnership Limited (Brunel) brings together circa £30 billion investments of 10 likeminded Local Government Pension Scheme funds. We believe in making long-term sustainable investments supported by robust and transparent process. We are here to protect the interests of our clients and their members. In collaboration with all our stakeholders we are forging better futures by investing for a world worth living in.
Brunel is one of eight national LGPS pools and manages the investment of the pension assets for the funds of Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset and Wiltshire.