German insurer selects Schroders Capital to manage €100m private assets impact mandate

Written by Adam Cadle

20/04/2022

German insurer, Barmenia, has chosen Schroders Capital to manage a €100m multi-private assets impact portfolio.

The portfolio, which will be classified as Article 9 in accordance with the EU’s SFDR regulations, will be composed of impact-focused investments in private equity, sustainable infrastructure and climate insurance. Schroders Capital said the portfolio will aim to be fully invested within the next 36 months and the sustainability and impact objectives will be “reinforced by investments into two funds managed by impact investment pioneer BlueOrchard, part of the Schroders Group”.

Of the total 17 SDGs, this mandate aims to meet the following in particular:
- Number 6 (Clean Water and Sanitation);
- Number 7 (Affordable and Clean Energy);
- Number 9 (Industry, Innovation and Infrastructure);
- Number 11 (Sustainable Cities and Communities;
- Number 12 (Responsible Consumption and Production);
- Number 13 (Climate Action).

Carola Schroeder, member of the Barmenia management board, said: "Sustainability is an important part of our business and corporate culture. We want to contribute to making investments sustainable, so that the transformation to a climate-friendly economy and society as a whole can succeed. With this investment, we are also proving once again that sustainability is not at the expense of returns. By agreeing this impact mandate, we are continuing to systematically develop our existing ESG strategy, which we are also making more measurable. With Schroders Capital, we have a partner that can support us in achieving our goals with its impact investing expertise."

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