Wells Fargo Asset Management has launched its Climate Transition Global Investment Grade Credit to help investors simultaneously achieve their climate and financial goals while a focusing on supporting the climate transition and the decarbonization of the economy.
Deirdre Flood, head of International Client Group at Wells Fargo Asset Management, said, “At Wells Fargo Asset Management, we believe we must collectively decarbonise the economy to manage climate change in a responsible way. As an asset manager, we believe we can invest deliberately to advance this profound transition and I am therefore proud to announce our Climate Transition Credit Strategy, which is grounded in that philosophy. We are also honoured to have an important investor in Nest, who shares in our belief that investors must go beyond approaches such as divestment and tilting, and look to channel capital into companies with the most promising initiatives.”
Diandra Soobiah, head of responsible investment at Nest, said, “The response of WFAM to our climate change policy has been excellent. Their strategy provides us with a robust and measurable framework to decarbonise over time and support the climate transition, helping us to align our portfolio with our net zero ambitions. It’s important fund managers take the risks of climate change seriously. Our members are likely to be significantly impacted if climate change isn’t addressed, with a strong chance of lower returns at retirement. We commend WFAM for showing leadership in addressing climate-related risks and opportunities in fixed income, enabling us to continue to meet our financial objectives in this asset class.”