Credit Suisse, in collaboration with Lombard Odier, is set to roll out a new fund, targeting responsible consumption, later this month for institutional and retail investors.
Called the Credit Suisse Responsible Consumer fund, the new vehicle will invest in companies that respond to the transition to increasing consumer demand for sustainable investing.
The vehicle will offer exposure to companies in food, urban systems, supply chains and lifestyle sectors, selecting companies at different points in the product lifecycle.
The UN’s 12th Sustainable Development Goal, “Responsible Consumption and Production” will form the basis for investment decisions.
Credit Suisse Impact Advisory and Finance (IAF) department CEO Marisa Drew said: “This fund is targeted at investors who are keen to align their investing with the topics they are passionate about and which they may already be supporting today with their consumer wallet”.
“This fund should have equal appeal to those investors who see true value creation in backing those companies that are likely to gain market share by being attuned to the shift in consumer sentiment.”
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By GlobalDataA senior advisory board comprising ESG as well as asset management experts will be responsible for the strategy’s design.
Credit Suisse has been an old player in the green finance space.
This September, the bank said that it will incorporate ESG factors into its investment process. The bank intends to expand its ESG fund range to more than CHF100bn in assets by the end of 2020.
In April, the bank hired Daniel Wild as its global head of ESG strategy.