Credit Suisse Asset Management has unveiled plans to incorporate ESG factors into its investment process.
In the initial phase, over 30 actively managed funds with more than CHF20bn in assets will implement ESG criteria of its sustainable investing framework. This phase is expected to be completed next month.
The ESG factors will be used across asset classes to “define the investment universe (negative screening), integrate financially material ESG information into the investment process and define the dialogue with companies (proxy voting and engagement)”.
The group plans to expand its ESG fund range to more than CHF100bn in assets by the end of next year.
Credit Suisse Asset Management head of Switzerland and EMEA Michel Degen said: “I am convinced that the integration of ESG criteria into our investment process will create lasting performance benefits, positioning us to generate attractive investment returns for our clients over the long term.”
Credit Suisse pushed into impact investing in 2017 with the launch of the Impact Advisory and Finance (IAF) Department.
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By GlobalDataNotably, this April, Credit Suisse hired Daniel Wild from RobecoSAM to serve as its global head of ESG strategy.
Earlier this month, Credit Suisse strengthened its impact investing team with the appointments of ex-UBS bankers James Gifford and Helen McDonald as well as former Lombard Odier banker Guillaume Bonnel.