tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, July 15th, 6:28PM

News

rss
Responsible Investing

PGI switches unit holders to climate-indexed approach

Perpetual Guardian Investments (PGI) has adopted index provider FTSE Russell’s climate change index based on the transition pathway initiative (TPI).

Wednesday, December 20th 2023, 6:27AM 1 Comment

by Andrea Malcolm

PGI chief investment officer Tim Chesterfield says defining its investable universe by the FTSE Russell TPI indices is part of PGI’s new strategy for New Zealand and Australian equities.

The TPI is a global, asset-owner-led initiative which assesses companies’ preparedness for the transition to a low-carbon economy and aligns their investments with the Paris Agreement.

It was created by the Church of England and the London School of Economics’ Grantham Research Institute on Climate Change and the Environment and is based on forward-looking measures to evaluate a company’s management of climate-related risks and opportunities.

“Working with FTSE Russell as our index provider enables us to structure our investments with a keen focus on the need for rapid and sustained reductions in greenhouse gas emissions,” says Chesterfield.

“This partnership allows us to take a globally leading climate-indexed approach which is a first among wealth managers in Australia and New Zealand. It means we are changing the investment direction for 1,700 unit holders to a climate-aware model which does not apply a blanket exclusionary policy. Rather, it rewards better behaviour with increased investment – companies are part of the solution.

“We are taking into account both backward-looking measures, such as fossil fuel reserves, and the forward-looking TPI Quality Management Score, which allows us to work with companies to address climate-related risk and governance and encourages positive change.”

FTSE Russell head of Pacific - index investments group David Ho says, the partnership underscores the companies’ shared dedication to delivering sustainable investment solutions to investors and unit holders that prioritise long-term value while addressing climate risk and opportunities.

“Right from the outset, it was clear that Perpetual Guardian Investments has a commitment to serve its unit holders and offer them a solution that addresses their investment needs in this way.”

PGI’s investment solutions are fully flexible and invest in New Zealand, Australian, global equities and property alongside New Zealand, Australian, and International fixed interest investments.

Tags: Perpetual Guardian

« New currency-hedged ethical fund from BetasharesFund managers want modern slavery law to match investor expectations »

Special Offers

Comments from our readers

On 15 January 2024 at 3:38 pm Mr Mojo said:
So from extreme Greenwashing to just garden variety Greenwashing. PGI investors will scarcely notice.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
ASB Bank 8.64 7.14 6.75 6.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.14 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.74 7.35 6.99
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.65 7.25 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 8.74 7.74 7.09 6.95
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 7.14 6.49 6.35
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Lender Flt 1yr 2yr 3yr
Westpac 8.64 ▼7.49 7.35 6.99
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - ▼6.89 6.75 6.39
Median 8.64 7.14 6.82 6.65

Last updated: 15 July 2024 11:47am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com