Vanguard has announced plans to launch the Vanguard Global Environmental Opportunities Stock fund.

The fund will hold a portfolio of companies that are involved in the process of decarbonization and derive at least half of their revenue from activities that contribute positively to environmental change. The fund will be managed by Ninety One and is expected to launch in the fourth quarter of 2022.

“Vanguard has been thoughtful and deliberate in building out our ESG lineup by ensuring each new fund addresses investors’ enduring needs,” said Dan Reyes, head of Vanguard Portfolio Review Department. “We are confident that Ninety One’s differentiated approach to global ESG investing will add long-term value for risk-tolerant investors who have a preference for environmental investing.”