Vitality has launched an ESG fund range called “Enviro”.
The range comprises five index-tracking funds diversified across asset classes with a focus on sustainable outcomes.
The range will exclude companies that “do harm” for instance those in the weapons, tobacco and carbon industries, and will take a “best in class” approach to equities, investing only in firms with an above-average MSCI ESG score.
The range will be reviewed daily to meet Dynamic Planner’s gold standard risk-targeted profiles.
The funds will be available as part of VitalityInvest’s retirement solution, as well as their Isa and Jisa ranges.
Justin Taurog, managing director of VitalityInvest said: “The launch of the Enviro fund range is a landmark moment for VitalityInvest and reflects the increasing appetite from consumers to invest their money in a more sustainable future.
“Vitality has always been a purpose-driven organisation. Through its core purpose – to make people healthier and to enhance and protect their lives – Vitality has sought to share the value of positive behaviour changes with individuals and society alike.
“Now, with the launch of the Enviro fund range, VitalityInvest is taking this one step further – enabling members to make more sustainable choices through our new investment solutions.”
The government this morning (June 9) announced it has formed a working group to help it create a green taxonomy in the UK.
The green taxonomy will be the UK's version of the EU’s regulation on sustainability disclosures in the financial sector, known as SFDR, which came into effect on March 10 but was not implemented in the UK.