Northern Trust said the mandate incorporates environmental, social and governance (ESG) screens into Northern Trust’s innovative portfolio construction process.
It has been designed to exclude tobacco companies and cluster munitions manufacturers and aligns with LUCRF values and the United Nations' Principles for Responsible Investment.
LUCRF head of investments Roger McIntosh said ESG screening is a core component of LUCRF’s investment decision-making process.
“Northern Trust’s extensive experience managing ESG portfolios, coupled with their ability to provide a customised investment solution, were key factors in our decision,” said Mr McIntosh.
Bert Rebelo, head of business and strategy for Northern Trust Asset Management in Australia and New Zealand, said the company was delighted to work with LUCRF on this mandate which underpins Northern Trust’s “continuing commitment to supporting superannuation funds across the region”.
Northern Trust Asset Management head of Asia Pacific Bo Kratz said Northern Trust has a number of years of experience in managing socially responsible portfolios.
“We work closely with our clients to design customised investment solutions that meet their key requirements,” he said.
