Sanlam Investments announced on Wednesday that it had partnered with Robeco to build its capacity in sustainable investing.
Robeco has $174bn in AUM across the world, of which $161bn is committed to ESG integration.
‘Together, our mission is to enable clients to achieve their financial and sustainability goals by providing superior investment returns and solutions,” said Nersan Naidoo, chief executive of Sanlam Investments (pictured). ‘The pandemic has concretised what we’ve known for some time: that as an asset management business, we are in a strong position to make a tangible, measurable difference.
‘At the heart of our purpose is our journey towards long-term sustainability, for South African investors, our economy and communities. The world is changing rapidly, and our purpose has evolved well beyond just wealth creation.’
Sanlam Investments will not be outsourcing any mandates to Robeco, but will be using the partnership to ‘develop and enhance’ its sustainable investing capacity.
‘It will see us having access to Robeco’s platform, research and experience, which will allow us to rapidly up-skill our people and help embed sustainable investing practices into our investment processes and into everything we do as a business,’ said Naidoo.
Malick Badjie, MD and head of Africa distribution at Robeco said that the firm is excited to be working with Sanlam not just in South Africa, but in the wider continent.
‘We are thrilled to be collaborating with like-minded strategic partners such as Sanlam Investments to really advance the sustainability agenda and make our shared goals a reality,’ he said.
‘Putting people and planet above profits has consistently proved to have a positive impact on the bottom line. Sustainably managed companies are less likely to suffer environmental accidents, major labour disputes or other issues related to unfair practices. These can all cause significant negative impacts on profits. We believe COVID-19 may have been an inflection point for many global investors.’