Redpoint IM signs with climate-focused investor body

From

Emma Herd

Quantitative equities investment boutique Redpoint Investment Management has become a member of the Investor Group on Climate Change (IGCC), a collaboration of Australian and New Zealand investors focusing on the impact climate change has on the value of investments.

Redpoint IM chief executive officer, Max Cappetta, said membership of IGCC is a logical step for the firm. The Sydney-based asset manager is already a signatory to the United Nations Principles for Responsible Investment (UN PRI) and has a research framework compatible with the reporting framework of the Global Reporting Initiative (GRI).

“We are continuously developing our reporting to highlight changing climate risks for clients, including monitoring how companies are managing their environmental practices, and the way they are addressing emissions reduction, resource utilisation and product innovation, for example.

“Our membership to IGCC comes at a critical time globally for climate change policy, and for climate action within investing. Our investment team has always considered sustainability as an important investment driver and climate change is core to this perspective. The investing world is transitioning from policy development to implementation and we want to play our role in supporting investors to build better portfolios,” he said.

IGCC chief executive officer, Emma Herd, said: “We are delighted that Redpoint IM has joined as a member of IGCC and look forward to the practical insights and experience the organisation will bring to our agenda.

“Climate change poses systemic risks to financial markets and creates significant challenges for investors. At the same time the inevitable transition to net zero emissions is driving enormous new investment opportunities. Collaboration across the industry is critical to ensuring all investors are best equipped to minimise these risks, capitalise on these opportunities and have their voice heard in climate policy debates.”

IGCC represents institutional investors who combined have total funds under management of over $2 trillion. The organisation aims to encourage government policies and investment practices that address the risks and opportunities of climate change, for the ultimate benefit of superannuants and unit holders.

Membership of the IGCC is open to investors operating in Australia and New Zealand including superannuation funds, insurance companies, fund managers and other financial services providers, such as asset consultants, brokers and investment industry associations.

Redpoint IM specialises in quantitative strategies across Australian equities, global equities, global infrastructure and global property. Across its investment strategies and funds, the manager applies a proprietary sustainability framework underpinned by environmental, social and governance (ESG) as a measure of sustainability.

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