Brunel Pension Partnership has chosen Nordea Asset Management to run its £325m climate and environment equity mandate.
Brunel’s portfolio targets innovators within the alternative energy sector, companies aiming at resource efficiency, as well as adapters focusing on environment protection. It will be managed by Thomas Sørensen and Henning Padberg, who co-run Nordea’s Global Climate and Environment Strategy.
Commenting on the new mandate, Sørensen and Padberg said: ‘While many climate and environment discussions remain political in nature, we believe consumers and corporates are a far more important driver today. Evolving consumer expectations are incredibly powerful and are powering the momentum in environmentally sustainable solutions.’
David Jenkins, portfolio manager for Brunel’s Sustainable Equities fund, said: ‘We were delighted to find managers who share our understanding of sustainability, embedding it deep into their culture and investment processes’
‘This portfolio therefore meets our aspiration to go beyond traditional responsible investing and ensure that the managers are engaged with the companies and are investing in them for positive reasons, not simply focusing on negative exclusions.’