Nutmeg targets ESG

Online investment management service Nutmeg is joining in on the move to retail ESG investing with new socially responsible portfolios.

Chief investment officer Shaun Port posted a blog to explain the reluctance of the company to launch products earlier, saying that an extensive period of research in 2015 the company set out clear criteria that would be needed to met before Nutmeg would launch SRI portfolios.

Nutmeg will be looking at investments on companies that are positive to ESG standards, rather than a negative screening, and is working with MSCI to calculate scores for all investments in accordance with that ESG criteria.

The company will also be using the approach to assess all of its portfolios, with the intention of being the first wealth manager in the UK to do so, and has signed up and committed to the United Nations’ sponsored Principles for Responsible Investing.

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