Schroders has appointed Scott MacLennan as co-manager of the €4.5 billion Global Sustainable Growth fund.
The appointment of MacLennan, an ESG specialist, is part of Schroders’ plan to reinforce the strategy’s focus on sustainable investment objectives.
MacLennan is taking over from Katherine Davidson who is leaving Schroders to pursue an opportunity outside of the company.
MacLennan will be co-managing the Global Sustainable Growth fund with senior portfolio manager Charles Somers, who has co-managed the fund since its inception in 2010. The fund incorporated a sustainability focus in 2017.
In the new role, MacLennan will also manage the Schroder Sustainable Growth fund and Income fund, as well as the international versions (SISF) of both.
MacLennan, who has been a co-portfolio manager on the International Selection Fund (SISF) European Sustainable Equity, first joined Schroders in 2015 as an investment analyst.
Prior to this, he worked for Neptune Investment Management as a sector analyst.
MacLennan commented: “I am a firm believer that strong stakeholder relationships have a material impact on the long-term success of businesses.
“This aligns perfectly with the approach adopted for the Global Sustainable Growth strategy. I very much look forward to working with Charles and becoming part of the Global & Thematic Equity team.”
In April, Schroders launched an ‘Engagement Blueprint’ which introduced engagement objectives for fund managers and analysts.
The blueprint has six key themes; climate change, corporate governance, diversity and inclusion, human capital management, human rights and natural capital and biodiversity.
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