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.