Ninety One’s Global Environment Fund has been added to the employee default DC pension plan of Redington, a UK-based independent investment consultant.
Launched in 2019 and managed by Deirdre Cooper and Graeme Baker, the Global Environment Fund aims to contribute to structural decarbonisation by investing in companies that want a low carbon world.
Ms Cooper is co-head of Thematic Equities and co-portfolio manager for Ninety One. She joined Ninety One from Ecofin, a sustainable investment fund where she was partner.
Mr Baker has been at Ninety One for four years as portfolio manager alongside Ms Cooper. Before that, he was renewable energy, clean tech and energy analyst and portfolio manager for Investec Asset Management.
The addition of Ninety One’s Global Environment Fund follows a regular review of Redington’s default investment strategy and aims to highlight sustainable investment by both companies.
Redington has added the Global Environment Fund to each phase of its employees’ retirement journeys, from accumulation to drawdown.
Nigel Smith, UK client group managing director at Ninety One, commented: “The selection of the Global Environment Fund in Redington’s default DC pension scheme is testament to our commitment to provide sustainability with substance.”
Mathias Rasmussen, investment consulting director at Redington and chair of the Redington pension & savings governance committee added: “Building a sustainable future is a huge challenge that no individual or company can solve alone. But by taking responsibility for the things we can control, together we can make a real difference. This is why we’re pleased to include the Global Environment Fund in our pension.”
Last month as part of its sustainability efforts, Ninety One launched its Global Sustainable Equity Strategy, a concentrated, active, long-term global equity solution focused on sustainability leaders.