Nest Picks Lombard Odier for £5BN Energy Transition Fund
Lombard Odier Investment Managers (LOIM), a leading global asset manager headquartered in Geneva, Switzerland, has been selected by Nest, the UK's largest workplace pension scheme, to manage a £5 billion global equity fund focused on energy transition themes. This strategic partnership aligns with both parties' commitment to sustainability and responsible investing.
Nest, which serves over 12 million members and receives over £540 million in monthly contributions, aims to reduce its Scope 1 and Scope 2 emissions intensity by 30% by 2025 and achieve net zero by 2050. The new fund, to be deployed over the next six years, will support this goal by investing in companies driving climate change mitigation, adaptation, natural capital, and social trends.
LOIM, a subsidiary of the historic Lombard Odier Group, specializes in professional wealth management and offers tailored solutions to institutional investors and high-net-worth individuals. Known for its multi-asset strategies and focus on sustainable and long-term investment approaches, LOIM was praised by Liz Fernando, CIO at Nest, for its dynamic portfolio construction and robust sustainability research capabilities.
The £5 billion commitment from Nest to LOIM's actively managed global equity fund underscores the growing demand for sustainable investment strategies. As one of the largest independent asset managers in Switzerland, LOIM's expertise in responsible investing and innovative approach to portfolio construction make it an ideal partner for Nest's ambitious climate goals.
Read also:
- Planned construction of enclosures within Görlitzer Park faces delays
- Controversy resurfaces following the elimination of diesel filter systems at Neckartor: A renewed conflict over the diesel restriction policy
- SV Empor Brandenburg's U9 Team Leads in Environmental Protection with E-waste Campaign
- Renewable energy sources take over nuclear power and decrease overall emissions concurrently
