Goldman Sachs Asset Management has launched a bond fund focused on biodiversity conservation and remediation–the Goldman Sachs Biodiversity Bond fund as reported in Portfolio Adviser.
The fund aims to provide fixed income investors exposure to issuers having a positive impact on biodiversity. The strategy will invest in both labelled bonds, in which proceeds are applied towards biodiversity-related activities, and unlabelled bonds issued by companies with revenues supporting biodiversity conservation and remediation.
The fund will be domiciled in Luxembourg and Classified as Article 9 under Sustainable Finance Disclosure Regulation, indicating sustainable investment as its objective. The bond will invest primarily in investment-grade corporate bonds across developed and emerging markets and will be able to invest across multiple currencies.
The launch reflects the growing investor focus on not just pure climate targets, but also the critical need to maintain and improve biodiversity worldwide.
Bram Bos, global head of green, social and impact bonds at Goldman Sachs Asset Management, said: “In recent years, there has been a growing focus amongst investors to consider not just pure climate targets but also maintaining and improving biodiversity.
“This fund seeks to provide fixed income investors with exposure to issuers that are having a positive impact on biodiversity. The wide spectrum of the fund’s investment universe enables us to identify promising opportunities for investors.”
