Wealth management firm Cazenove Capital, part of the Schroders Group, announced today a new initiative to offset the carbon footprint of its Charity Responsible Multi-Asset Fund, in collaboration with climate-focused social enterprise Ecologi. According to Cazenove, the carbon offset cost will be absorbed by the firm, rather than being passed on to investors.

Cazenove stated that the new initiative will combine a low-carbon investment approach with a commitment to offset the remaining carbon emissions from the fund’s equity investments. According to the firm, the chosen environmental projects will be focused on the protection of biodiversity and reforestation around the world, and investors will be able to see the direct impact of their assets through reporting on aspects including the fund’s carbon footprint, the environmental projects supported and the number of trees planted.

Kate Rogers, Co-Head of Charities, Cazenove Capital, commented:

“We are hugely excited about our collaboration with Ecologi.  This gives our clients the confidence that their holdings will not only accelerate the energy transition through investment in green bonds, sustainable farming and renewable energy, but also support vital environmental projects.

“We are proud to have already protected native forests in Columbia, supported a reforestation project in Uruguay, and planted 5,000 tree seedlings in Nicaragua and Madagascar. This initiative further reinforces our steadfast commitment to investing for a better future for people and planet, as we further align our business with the 2015 Paris Agreement.

“Available to charities of all sizes, our innovative Responsible Multi-Asset Fund has a carbon footprint of less than half of the global equity index and generates four times the social impact.”