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ESG integration
Introduction
Active ownership
Climate change
Partnership with Prudential
Community and people
A final word
INDONESIA
THAILAND
Global Impact Fund Launched in 2022, the fund is a wholesale global equities feeder fund which aims to invest in companies whose core businesses aim to generate positive social and/ or environmental change alongside financial returns. The fund adopts a long-term perspective, focusing on the companies’ sustainable growth potential, with the belief that these companies often have positive industry structures and long runways for growth driven by tailwinds from these impact themes.
In 2022, in partnership with the Indonesia Stock Exchange (“IDX”), Eastspring Indonesia launched the Reksa Dana Indeks Eastspring ESG IDX Leaders Plus Fund. Reksa Dana Indeks Eastspring ESG IDX Leaders Plus fund This fund was the first mutual fund that utilises the IDX’s ESG Leaders index in Indonesia with a maximum of 15% investments in offshore stocks. It offers investors a solution to invest in select stocks in Indonesia and the global market, which have been thoroughly screened and scored for ESG compliance. In 2022, the fund won the “Innovative Product and Business Model” award from the IDX Channel Anugerah Inovasi Indonesia. In 2023, the fund won the Asia Asset Management 2023 Best of the Best Awards award.
Thanachart Global Sustainable Equity Fund Launched in 2019, the fund is actively managed to achieve a long-term return above that of the Benchmark, with lower volatility, and to apply an ESG approach. It invests in equity holdings of companies globally that align with ESG principles. The fund performance measurement includes returns, ESG score, ESG rating, and carbon emissions intensity in comparison to the reference benchmark. The portfolio strategy is to cover almost 100% of holding companies that comply with ESG, in order to outperform the score and key performance indicators (“KPI”) of the Benchmark. Thanachart Eastspring Global Green Energy Fund Launched in 2020, the fund invests in companies providing low carbon solution to the world’s accelerating demand for energy. It invests in the equity holdings of companies across the broad range of renewable sources including wind, solar, biomass, and fuel as well as smart technologies that facilitate the integration of renewable energy and/or the use of energy more efficiently. The fund strategy target is to deliver alpha, considering ESG impact.
SOUTH KOREA
In 2021, Eastspring Korea converted the Industry Leaders ESG Securities Mother Fund into an ESG fund. Industry Leaders ESG Securities Mother Fund The fund has two main focuses. The first focus is on companies that are ESG industry leaders, mostly large caps, to increase benchmark awareness. The second focus is on companies with improving ESG scores to create alpha. The fund actively utilises an internally established distinctive ESG and Fundamental combined scoring system (“E&F Scoring System”) to find new investment opportunities and to enhance the performance of the fund. It also monitors daily controversial ESG news which may affect the enterprise value to protect the potential downside risk of the fund. The ESG score of the fund stays above the benchmark.
MALAYSIA
In 2022, Eastspring Malaysia won three ESG mandates and launched Eastspring Investments Global Impact Fund. ESG Mandates In 2022, Eastspring Malaysia won its first ESG mandate and subsequently secured two more mandates, resulting in a total of three ESG mandates secured during the year. These mandates are USD ESG Fixed Income strategy, ESG Domestic Small Capitalisation Equity strategy, and ESG Domestic Equity strategy. The latter, for example, requires assessment of ESG considerations and tracks overall ESG score improvement at portfolio level.
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