ABN Amro’s investment arm is to accelerate its ESG commitments over the next two years with the launch of 22 specific SRI mandates, Citywire Selector has learned.
Speaking to Citywire Selector, Eric Ebermeyer, chief investment officer for AA Advisors Investment Solutions, said it is part of the bank’s plans to increase its SRI coverage significantly by 2030.
‘We have done huge work and development here because the value proposition by default from this year onwards will be SRI-driven,’ he said.
‘This is also in areas of the whole bank, including the lending capabilities and is the evolution of ABN Amro as a whole along that path.’
Looking specifically at the bank’s subadvisory capabilities, Ebermeyer said it will increase mandates from 41 to 63 over the next two years, building upon and targeting the UN PRI guidelines currently used in its screening list.
‘If you are a new client this year then by default you will go into the SRI option. Of course, you can still opt out, but we are witnessing a substantial move into SRI-compliant areas. We have not yet had people concerned about losing returns by going to SRI, but I say that is not yet.’