All of Wesleyan’s directly managed investment funds now meet a new set of sustainable investing principles, including its flagship with profits fund.
The sustainable investing approach sees the funds focus on reducing harm, having a positive impact and driving change.
Wesleyan pledged to ensure that its own-managed investment funds only invest in companies that have clear commitments to reducing the negative impact they may have.
Martin Lawrence, director of investments at Wesleyan Group, said: “As a mutual it matters to us that our investments do two things – deliver strong returns for everyone who invests with us and align with the issues that matter to them.
“We know from talking to our members and customers that taking care of the world we all live in, both at home and further afield, is hugely important to them.
“That’s why we’re working to ensure our funds contribute to making positive changes around the world – from supporting innovation in carbon reduction technology to delivering against social goals.”
Wesleyan manages around £8bn of funds and invests in a variety of assets from stocks to property and bonds.
To ensure all of its directly managed customer funds meet the new principles, the mutual has removed investments in companies that failed to meet these criteria and invested further in ones that do.
Lawrence added: “The result is that our customers no longer need to decide whether they prioritise doing the best for their investments or doing the best for the planet. They can do both.
“Today’s move means they can choose whichever fund is most-suited to their needs, safe in the knowledge that it is also managed in line with our sustainable investing principles.”
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