Brewin Dolphin is launching a sustainable managed portfolio service (MPS) for IFAs.
The MPS will comprise five model portfolios which include funds that have gone through Brewin Dolphin's environmental social and governance selection process.
Called income, income higher equity, balanced, growth and global equity, the portfolios will be re-balanced monthly and risk mapped to all the main risk profilers.
They will seek exposure to firms that integrate ESG factors into their investment decisions, as well as firms that contribute positively to social and environmental challenges.
The portfolios will have no exposure to companies involved in tobacco, controversial weapons, thermal coal, gambling and adult entertainment.
Robin Beer, chief executive, Brewin Dolphin, said: “We are proud of our approach to responsible investment, based on ESG integration and active ownership, which underpins our existing MPS product.
"However, we realise that clients’ needs are always evolving. Sustainable MPS meets the needs of IFAs’ clients that want more – by excluding harmful sectors and by investing in sustainable funds and companies which contribute positively to society and the environment.”
Brewin will track sustainability metrics using MSCI’s ESG data, and will asses each model’s ESG score and rating alongside the UN’s sustainable development goals.
Tom Blathwayt, head of sustainability at Brewin Dolphin, added: “We believe it is important to measure and monitor the impact of a sustainable portfolio given the global challenges we all face. We also want to assess our objective of investing in companies and funds that have a positive societal or environmental impact.
“We believe that transparency is really important and have decided to use a third party, MSCI, to provide an independent assessment of the ESG risk, carbon intensity and SDG alignment of our portfolios.”