Menu
Banking Exchange Magazine Logo
Menu

Product Launches: Credit Suisse Adds Sustainable Food Strategy

Plus: CIBC Asset Management launches sustainable investment solutions

  • |
  • Written by  Banking Exchange staff
  • |
  • Comments:   DISQUS_COMMENTS
Product Launches: Credit Suisse Adds Sustainable Food Strategy

Credit Suisse has teamed up with JP Morgan Asset & Wealth Management to launch an investment fund specializing in sustainable nutrition.

In a statement today, Credit Suisse said the new fund would “address the ties between nutrition, health, biodiversity and climate, with a particular focus on nutrition’s societal and environmental aspects”. The fund is available globally.

Michael Strobaek, global chief investment officer at Credit Suisse, said: “As we co-develop and innovate solutions and products, we look to help wealth management clients invest and make a positive contribution to addressing the double burden of malnutrition – feeding people and protecting the planet.”

The strategy aligns with several of the United Nations’ Sustainable Development Goals (SDGs) – an increasingly important metric for investors. These include the aims to achieve zero hunger (SDG 2), good health and wellbeing (SDG 3), responsible consumption and production (SDG 12) and biodiversity (SDG 14 and 15).

Almost 700 million people around the world are undernourished, according to Bloomberg, while 1.8 billion people are overweight or obese. In addition, food supply systems are responsible for approximately 20% of greenhouse gas emissions globally, and account for more than 90% of freshwater consumption.

Elsewhere, Canadian investment group CIBC Asset Management has launched a new investment service to provide products aligned with socially responsible investors. CIBC Sustainable Investment Solutions will include actively managed investment portfolios with “a lower carbon and energy sector exposure than broad market indices”, according to an announcement from the company.

The strategies will be offered as mutual funds and “all-in-one balanced solutions”, CIBC Asset Management said, and utilize the company’s proprietary ESG screening tools alongside input from ESG data and analysis firm Sustainalytics.

In addition, a portion of revenues from the new offerings will be donated to “climate transition activities”.

back to top

Sections

About Us

Connect With Us

Resources

Webinar — Leveraging Open Banking Trends to Transform Your Institution

Time/Date: October 5th, 2:00 CT

The concept of open banking is ushering in exciting new possibilities for financial institutions of all sizes, transforming how they do business and driving new revenue opportunities. Join Shane Ferrell, Vice President of Product Strategy and Director of Software Engineering Barkley Hughes as they answer these questions and more: 

• What is open banking, and how does a financial institution take full advantage of this rapidly growing technology?

• What are key areas to look for when considering leveraging a third-party technology or an open banking marketplace?

• What role does FDX play in the future of open banking?

REGISTER NOW!

This webinar is brought to you by:
OneSpan logo