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Andbank advocates sustainable investment through its SIGMA Global Sustainable Impact (GSI) Fund

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Andbank advocates sustainable investment through its SIGMA Global Sustainable Impact (GSI) Fund

Andorra, 14 July 2020. Andbank commits to sustainable investment through its Sigma Global Sustainable Impact (GSI) Fund, a multi-asset investment vehicle which uses ESG (environmental, social and good corporate governance) criteria in its investments and which was launched a year and a half ago. The Sigma Global Sustainable Impact (GSI) Fund, with its base in […]

Andorra, 14 July 2020.

Andbank commits to sustainable investment through its Sigma Global Sustainable Impact (GSI) Fund, a multi-asset investment vehicle which uses ESG (environmental, social and good corporate governance) criteria in its investments and which was launched a year and a half ago.

The Sigma Global Sustainable Impact (GSI) Fund, with its base in Luxembourg, is a multi-active fund that aims to generate a direct, positive impact (through its investments), as well as a social impact, by allocating 9% of the management fee and 100% of the success fee to finance cancer research projects.

The fund consists of a portfolio of assets that allows the portfolio’s final weights to be allocated to the variable income, the fixed income and an ETF with a global focus. The way the ESG criteria are applied in the fund’s philosophy is the nuance that makes its management stand out. It is based on two complementary foundations: firstly, the research of the leading companies in its sector on good corporate governance and sustainable practices, following a Best-in-Class strategy; and secondly, the “impact of investment”, which invests in companies which, due to their activity, generate a positive environmental or social impact.

The fund has evolved from companies that are already considered Best-in-Class, and others that are following the process to achieve it. Of the first group, we would highlight Microsoft, a company that will be carbon negative in 2030 and is distinguished for its influence throughout the value chain to help its suppliers meet these standards.

As for the second group, we highlight Stora Enso, a company that is still working on its use of water and its emissions, but is very ambitious in both these issues.

Juan Luis García Alejo, Director of Global Asset Management at Andbank, comments that “it is increasingly common for investors to request the incorporation of environmental and good governance in investment vehicles. This sustainable investment is not a market trend or a fleeting fad, it is a practice that is here to stay.”

According to García, “the ESG management approach is not limited to this fund, it is an approach that must be applied to our way of managing, incorporating extra-financial criteria before making a decision.” In this regard, he continues, “the Group is already working in all jurisdictions through global asset committees to ensure that these decision-making processes incorporate the ESG criteria.