The IA found that, last year, just over a quarter (26 per cent) of the UK’s assets under management were invested using a socially responsible strategy.
It is the manager’s third Guernsey fund, having previously launched a similar UK onshore wind fund and a fund focused on industrial water treatment, waste to energy and resource recovery infrastructure projects.
Transnational initiatives have also been put forward recently in an effort to both harmonise and clarify the nature, breadth and scope of ESG principles and assist multi-governmental efforts aiming to apply them domestically in a coherent manner.
The fund selector referred to the rise of passive and factor products, increased cost transparency demands and constant lowering of management fees as some of the biggest obstacles the industry is facing.
Lord Sales noted in his speech that, based on the current law, "there is much force in the view that directors may and, increasingly, must take into account and accord significant weight to climate change in their decision-making".