ABERDEEN Standard Investments has been chosen to manage a new trust that has been designed to help harness the wealth of the private sector to meet social goals such as ending poverty.
The funds business has been appointed manager of the Global Sustainability Trust after an independent selection process.
It will be expected to help the trust deliver attractive risk-adjusted returns by investing primarily in private market investments that are chosen for their anticipated social and environmental impact.
The trust plans to raise around £200 million capital for investment.
Martin Gilbert of Aberdeen Standard Investments, said the firm had a record of including environmental, social and governance considerations in its investment processes.
Noting the importance the United Nations attaches to its sustainable development agenda, he said the new trust was well timed to offer investors the returns and rewards of investments intended to help create a better world.
The initiative to develop the trust was led by Douglas Armstrong of Edinburgh law firm Dickson Minto, and Andrew Dykes, a Swiss-based sustainability specialist who worked for fund managers in Scotland.
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