Nikko AM sets up corporate sustainability department
Nikko Asset Management (AM) has announced the establishment of a corporate sustainability department to increase its environmental, social and governance (ESG) commitments and provide more transparency into how the company manages and approaches investing.
The new department would be overseen by representative director and executive deputy president, Junichi Sayato, and led day to day from Tokyo by global head of product and marketing and head of corporate sustainability, Stefanie Drews.
The company also said that specific internal ESG commitments would include inclusion for LGBT, women and those living with a disability, as well as monitoring adherence to local corporate governance codes.
“As a fiduciary, we hold ourselves to the highest standards of responsibility with regards to ESG, in both how we manage ourselves and in the way in which we approach investment and work with our invested companies,” Sayato said.
“Our clients are at the core of everything that we do, and this launch is further evidence of our efforts to deliver performance to them.”
As one element of this launch, the firm has established a microsite featuring details on its ESG commitments and activities, as well as insights regarding ESG in the investment process.
AUTHOR
Oksana Patron
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.
