Luxembourg picks Schroders as ManCo in climate action
Luxembourg’s Ministry of Finance has chosen asset management firm Schroders and its impact investment unit BlueOrchard as industry partners for a new climate action partnership. Schroders will serve as the management company for the finance ministry.
BlueOrchard has been appointed as the investment manager for this climate impact strategy, the firm said in a 16 June press release announcing that it had won an international tender process.
BlueOrchard CEO: impact investing brings resilience
Impact investing looks to put investment money to work on bringing about measurable change in the poorer societies of the emerging and frontier markets as well as improving the environment. With the successive shocks of Covid and now the Russian invasion of Ukraine rocking Europe and the West, Philipp Mueller, the CEO of BlueOrchard explains that the residents of countries in its markets can provide inspiration for our wealthier society. The key word: resilience.
Impact investing taking over from ESG
Despite much debate in the market about the hows and whys of ESG integration, impact investing is steadily making its way into the financial mainstream. In 2021, the first year in two decades in which extreme poverty once again rose, with lasting consequences for the world’s most vulnerable people in particular, the financial industry once again demonstrated the importance of real, tangible impact.