Candriam Rolls Out Sustainable Bond Fund to Contribute to UN SDGs
A Brief Summary
CANDRIAM, a sustainability-focused asset management business, announced the creation of the Candriam Sustainable Bond Impact Fund, which will invest in bond issuances that support projects that assist fund the transition to a low-carbon economy or reduce social disparities. According to the business, the fund attempts to match financial returns with a good impact on society and the environment.
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Under Europe's Sustainable Finance Disclosure Regulation, the fund, which is part of Candriam's €18 billion Luxembourg sustainable Sicav, is classed as Article 9. (SFDR).
It uses a screening process to find corporates, sovereign and quasi-sovereign bonds that can adhere to the UN's Sustainable Development Goals framework. At least 75% of the bonds in the fund will be long-term.
Philippe Dehoux, head of global bonds, Céline Deroux, senior fixed-income strategist, and Nicolas Forest, Candriam's global head of fixed income, will oversee the strategy. Two top ESG specialists, Vincent Compiègne and Lucia Meloni, who are deputy heads of ESG investments and lead ESG governance analysts, respectively, will manage the product.
According to Candriam, the fund will employ a unique in-house screening technique to assess issuers' ESG quality and look at how bond proceeds will be used to support initiatives that are in line with the UN Sustainable Development Goals.