M&G today announces progress on its goals of increasing assets under management in sustainable investment solutions and achieving net zero carbon emissions across its investment portfolio by 2050, with the movement of almost £1 billion of assets to align with the goals of the Paris Agreement on Climate Change.
For the first time, M&G Global Select and M&G Pan European Select equity strategies will now include a Paris-aligned sustainability objective alongside the existing financial objectives they aim to deliver for customers, and new climate-related criteria for inclusion in their portfolios.
The strategies, which account for approximately £968 million in assets under management as at 31 May 2021, are part of the Planet+ range of ESG, sustainable and impact wholesale funds. Growing assets under management in the Planet+ range is a key goal in M&G’s ten point
sustainability plan published in March 2021. M&G is delivering against this goal with a combination of making changes to existing funds to deliver more sustainable outcomes, launching sustainable versions of new funds, and developing entirely new sustainability related strategies, such as the M&G Better Health Fund launched earlier in June 2021.
Jack Daniels, Chief Investment Officer M&G plc, comments: “We have set ourselves an ambitious agenda to ensure we meet the increasing expectations of our clients, who want to make a difference through sustainable investment while seeking attractive returns that meet their financial needs. Today’s changes are another step in this direction, building our Planet+ range of sustainable investment solutions and supporting our commitment for our entire investment portfolio to be net zero by 2050.”