Neuberger Berman rolls out climate innovation fund

The UCITS fund aligns with Article 8 under the EU SFDR

Photo by Alto Crew on Unsplash

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Neuberger Berman has launched the Climate Innovation Fund.

The new offering focuses on the ‘key enablers and beneficiaries’ of climate innovation. It seeks to capture alpha by investing along the ‘climate technology maturity curve’. The fund will maintain 30–60 global equity holdings.

The UCITS fund aligns with Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR) and is benchmarked against the MSCI All-Country World Index.

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New York-based Evelyn Chow and Charlie Lim are the fund managers. They are backed by the firm’s global equity research team of more than 49 investment professionals, as well as data science and ESG teams.

The fund builds on the firm’s thematic equity investing offering, which already spans themes from next-generation mobility to the space economy.

Chow commented: “Behavioural changes will only get us so far – we see €90trn funding gap from now through 2050 to address climate change. According to the International Energy Agency (IEA), over 90% of the emissions reduction required to reach net zero will stem from the proliferation of low carbon technologies.”

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Lim added: “As such, we need to triple the level of annual investment taking place to combat climate change, which is driving the emergence of a new, historic capex cycle. We believe that investing in climate innovation offers both a secular growth opportunity and a boon to society.”

The firm’s head of Europe ESG investing, Sarah Peasey, said: “As technology and policy converge to support climate innovation, we believe this theme offers compelling opportunities for investors by directing capital to companies developing the most effective technologies whilst also allowing them to participate in a more sustainable society.” 

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