The NZC10 target was devised by P1 Investment Management with guidance from climate scientists and an external Ethical Oversight Committee. It seeks to directly focus investment on carbon-neutrality by fund managers concerned about ethical and sustainability issues.
Walls & Futures said that funds with more than GBP8bn of assets under management have adopted NZC10, including the Aegon Global Sustainable Equity Fund, Artemis Positive Future Fund, Janus Henderson Global Sustainable Equity Fund, Liontrust Sustainable Future Corporate Bond Fund, Montanaro Better World Fund, Triodos Pioneer Impact Fund and WHEB Sustainability Fund.
“As a developer of Specialist Supported Housing, we are committed to delivering buildings that are net zero carbon over their whole lives,” said chief executive Joe McTaggart. “We believe our Ethical Investment Policy will serve as a screening guide for individual and institutional investors seeking credible and impactful ESG/ethical investments.”
Dr Quintin Rayer, Head of Sustainable Investment at P1 Investment Management, noted that Walls & Futures was the first REIT to adopt the NZC10 target.
“Having a REIT embrace NZC10 shows its flexibility and ease of adoption across many asset classes, which was one of our aims when we first envisioned the target. That the first REIT to join is a developer of Specialist Supported Housing, raises the ethical bar, and makes us very proud of the calibre of those who are part of it,” said Rayer.