Category: Social

German boutique TBF Global Asset Management has excluded US Treasuries from its €222m mixed-asset fund TBF Global Income on ESG grounds. The planned exit of the US from the Paris Climate Agreement, as well as its decision to not ratify the Kyoto Protocols and the UN biodiversity convention, are reasons given for exclusion, according to media reports, as are the death penalty and implementation of land mines. US Treasuries formerly accounted for 12-14% of the portfolio, and have been replaced by AAA-rated US corporate bonds.

Goldman Sachs Asset Management (GSAM) has launched an environmental impact strategy targeting firms working towards clean energy, resource efficiency, sustainable consumption and production, circular economy and water sustainability. The Goldman Sachs Global Environmental Impact Equity Portfolio will be managed by GSAM’s Global Equity Team led by Alexis Deladerrière. Deladerrière also runs the Global Equity Partners E…