The British asset management firm has announced plans to advance its ESG push in the region through its regional Centre of Excellence for Sustainability (CoES).
Schroders will boost its ESG-dedicated headcounts in the coming months at its CoES in Singapore as part of strategic plans to boost its sustainability capabilities in the region, the firm said on Wednesday in a statement.
The firm will also be expanding the range of sustainable strategies available for local investors – it will bring its Global Transformation Range of sustainability focused thematic funds to Singapore, and plans to apply these funds for inclusion under the Central Provident Fund (CPF) investment scheme.
Asia-Focused Insights
The hires will include a senior appointment for the head of Asian sustainability strategy, as the firm targets to build a dedicated team of four ESG specialists by year-end, which will be part of its global sustainability team of over 20 specialists, led by global head of sustainable investment Andy Howard.
The Asian Sustainability team will drive Schroders’ dialogues with Asian asset owners and intermediaries, delivering Asia-focused ESG insights and thought leadership, the announcement said.
Driving ESG Fluency
The CoES was established in Singapore in October last year and includes an ESG education hub that works with clients and partners across the region to drive larger-scale ESG fluency and upskilling.
One of the first strategic collaborations is a joint research and co-development of a climate tool with a large global institutional investor based in Asia to better measure carbon footprint and identify transition opportunities.
«Many of our clients are rapidly advancing in their ESG journey, and it is imperative that we have on-the-ground specialists to drive these engagements, recognising distinctive local contexts and our clients’ individual goals,» Howard said in the announcement.
