abrdn SICAV I - Global Corporate Sustainable Bond Fund
SRI Style:
ESG Plus
SDR Labelling:
Not eligible to use label
Product:
SICAV/Offshore
Fund Region:
Global
Fund Asset Type:
Fixed Interest
Launch Date:
24/06/2020
Last Amended:
Dialshifter (
):
Fund Size:
£144.03m
(as at: 30/11/2024)
Total Screened Themed SRI Assets:
£29131.00m
(as at: 30/06/2022)
Total Responsible Ownership Assets:
£29131.00m
(as at: 30/06/2022)
Total Assets Under Management:
£508407.00m
(as at: 30/06/2022)
ISIN:
LU2228283763, LU2177013179, LU2177011637, LU2177011470, LU2177011553
Sustainable, Responsible
&/or ESG Overview:
No response when requested update from manager (August 2024)
Primary fund last amended:
Information directly from fund manager.
Fund Filters
Climate Change & Energy
This fund has a strategy that aims ensure its holdings will gradually reduce their greenhouse gas emissions in line with targets set at COP21 in Paris. The ultimate aim is to achieve ‘net zero emissions by 2050’ and a ‘maximum global temperature increase of +1.5 to +2 degrees above preindustrial levels’. Strategies and opinions vary. Read fund information.
Governance & Management
Exclude companies that are subject to United Nations sanctions. See eg https://main.un.org/securitycouncil/en/content/un-sc-consolidated-list
Targeted Positive Investments
Invests in loan stock that is exclusively used to finance environmental and social projects. See ICMA Sustainable Bond Guidelines.
Invests in loan stock that is supporting or enabling the shift towards a cleaner, more sustainable future. Strategies vary significantly and may or may not be linked to specific outcomes.
Find funds that invest in green bonds (also known as climate bonds) which encourage sustainability and support climate related or special environmental projects. Please check fund literature for specific % of assets invested in this area.
Find funds that invest more than 50% in green bonds (also known as climate bonds) which encourage sustainability and support climate related or special environmental projects. Please check fund literature for specific % of assets invested in this area.
Labels & Accreditations
Finds funds classified under Article 8 of the EU’s SFDR (Sustainable Finance Disclosure Requirements). Article 8 of the SFDR is a set of requirements that apply to financial products that 'promote' environmental or social characteristics with high governance also. These rules do not currently apply to UK funds so many managers may leave this field blank.
Fund Management Company Information
About The Business
The leadership team of this asset manager have performance targets linked to environmental goals.
Collaborations & Affiliations
A member of the Taskforce for Nature Related Financial Disclosures group which aims to aid risk management and shift money towards nature-positive outcomes.
Climate & Net Zero Transition
Fund manager AGM / EGM voting strategy has processes in place that mean they will normally be expected to vote in a way that will encourage the transition to net zero greenhouse gas emissions.
This asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.
This asset management company plans to achieve net zero greenhouse gas (CO2e) emissions with the help of a scheme that will lock away an amount of carbon that is equivalent to the company’s own emissions – so that the end result is ‘net zero’. Calculations and scope vary.
Transparency
This asset management company has published a plan that explains how they are to become a sustainable business - without significant negative environmental or social impacts.
This asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.
This asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.
Find fund management companies that have supplied Dialshifter information. See Dialshifter tab within record for more information.
Sustainable, Responsible &/or ESG Policy:
Objective
The Fund aims to achieve a combination of income and growth by investing in corporate bonds (loans to companies) issued worldwide including Emerging Market countries which adhere to the abrdn “Global Corporate Sustainable Bond Investment Approach” (the “Investment Approach”).
The Fund aims to outperform the Bloomberg Global Aggregate Corporate Bond (hedged to USD) Index before charges.
Portfolio Securities
- The Fund invests at least 90% in bonds issued by corporations and governments anywhere in the world.
- The Fund invests at least 80% in investment grade corporate bonds
- The Fund may invest up to 20% in sub-investment grade bonds.
- Non-Dollar denominated bonds will typically be hedged back to US Dollars.
- Investment in bonds will follow the Investment Approach.
- This approach utilises abrdn's fixed income investment process, which enables portfolio managers to qualitatively assess how ESG factors are likely to impact on the company's ability to repay its debt, both now and in the future. To complement this research, the abrdn ESG House Score is used to quantitatively identify and exclude those companies exposed to the highest ESG risks. In addition, abrdn apply a set of company exclusions, which are related to the UN Global Compact, State Owned Enterprises (SOE), Weapons, Tobacco, Thermal Coal, Oil & Gas and Electricity Generation.
- Green bonds, Social bonds or Sustainable bonds issued by companies otherwise excluded by the environmental screens are permitted, where the proceeds of such issues can be confirmed as having a positive environmental impact.
- Further detail of this overall process is captured within the Investment Approach, which is published at www.abrdn.com under “Fund Centre”.
- This approach is expected to reduce the investment universe by a minimum of 15%.
- Financial derivative instruments, money market instruments and cash may not adhere to this approach.
Management Process
- The Fund is actively managed.
- Through the application of the Investment Approach, the Fund commits to having a minimum of 40% in Sustainable Investments and targets an ESG rating that is equal to or better than the benchmark. It also sets a carbon intensity target against a base-line level of the benchmark carbon intensity as of 31 December 2019 as follows:
- at least 25% lower by 31 December 2025
- at least 55% lower by 31 December 2030.
- Engagement with external company management teams is used to evaluate the ownership structures, governance and management quality of those companies, in order to inform portfolio construction. As part of this, up to 5% of asset may be invested in companies in high carbon emitting sectors, which are seen as having ambitious and credible targets to decarbonise their operations, in order to support their transition to ultimately comply with the environmental screens.
- The benchmark is used as a reference point for portfolio construction and as a basis for setting risk constraints, but does not incorporate any sustainable criteria.
- In order to achieve its objective, the Fund will take positions whose weightings diverge from the benchmark or invest in securities which are not included in the benchmark. The investments of the Fund may deviate significantly from the components and their weightings in the benchmark. Due to the Fund's risk constraints, its performance profile is not ordinarily expected to deviate significantly from that of the benchmark over the longer term.
- This fund is subject to Article 8 of the Sustainable Finance Disclosure Regulation (“SFDR”).
(Source: KIID, as at January 2025)
Dialshifter
Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by…
abrdn strongly supports the objectives of the Paris Agreement. We are committed to playing a constructive role in the decarbonisation of the global economy and serving the long-term interests of our clients. We have developed a business-wide approach to support the goals of the Paris Agreement based on five principles:
- Public policy advocacy
- Rigorous climate scenario analysis
- Responsible stewardship
- abrdn net zero real estate commitment
- Reporting: tracking carbon and climate solutions
Further information on these principles and our approach to Paris alignment is available here: https://www.abrdn.com/docs?editionId=407977f9-165c-4edf-a894-13d005e4ac3f
SDR Labelling:
Not eligible to use label
| Fund Name | SRI Style | SDR Labelling | Product | Region | Asset Type | Launch Date | Last Amended |
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|---|---|---|---|---|---|---|---|---|
abrdn SICAV I - Global Corporate Sustainable Bond Fund |
ESG Plus | Not eligible to use label | SICAV/Offshore | Global | Fixed Interest | 24/06/2020 | ||
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Fund Size: £144.03m (as at: 30/11/2024) Total Screened Themed SRI Assets: £29131.00m (as at: 30/06/2022) Total Responsible Ownership Assets: £29131.00m (as at: 30/06/2022) Total Assets Under Management: £508407.00m (as at: 30/06/2022) ISIN: LU2228283763, LU2177013179, LU2177011637, LU2177011470, LU2177011553 |
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Sustainable, Responsible &/or ESG OverviewNo response when requested update from manager (August 2024) |
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Information received directly from Fund Manager |
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Please select what you would like to read:
Fund FiltersClimate Change & Energy
Paris aligned fund strategy
This fund has a strategy that aims ensure its holdings will gradually reduce their greenhouse gas emissions in line with targets set at COP21 in Paris. The ultimate aim is to achieve ‘net zero emissions by 2050’ and a ‘maximum global temperature increase of +1.5 to +2 degrees above preindustrial levels’. Strategies and opinions vary. Read fund information. Governance & Management
UN sanctions exclusion
Exclude companies that are subject to United Nations sanctions. See eg https://main.un.org/securitycouncil/en/content/un-sc-consolidated-list Targeted Positive Investments
Invests > 5% in sustainable bonds
Invests in loan stock that is exclusively used to finance environmental and social projects. See ICMA Sustainable Bond Guidelines.
Invest > 5% in transition bonds
Invests in loan stock that is supporting or enabling the shift towards a cleaner, more sustainable future. Strategies vary significantly and may or may not be linked to specific outcomes.
Invests > 5% in green bonds
Find funds that invest in green bonds (also known as climate bonds) which encourage sustainability and support climate related or special environmental projects. Please check fund literature for specific % of assets invested in this area.
Invests > 50% in green bonds
Find funds that invest more than 50% in green bonds (also known as climate bonds) which encourage sustainability and support climate related or special environmental projects. Please check fund literature for specific % of assets invested in this area. Labels & Accreditations
SFDR Article 8 fund / product (EU)
Finds funds classified under Article 8 of the EU’s SFDR (Sustainable Finance Disclosure Requirements). Article 8 of the SFDR is a set of requirements that apply to financial products that 'promote' environmental or social characteristics with high governance also. These rules do not currently apply to UK funds so many managers may leave this field blank. Fund Management Company InformationAbout The Business
Senior management KPIs include environmental goals (AFM company wide)
The leadership team of this asset manager have performance targets linked to environmental goals. Collaborations & Affiliations
TNFD forum member (AFM company wide)
A member of the Taskforce for Nature Related Financial Disclosures group which aims to aid risk management and shift money towards nature-positive outcomes. Climate & Net Zero Transition
Voting policy includes net zero targets (AFM company wide)
Fund manager AGM / EGM voting strategy has processes in place that mean they will normally be expected to vote in a way that will encourage the transition to net zero greenhouse gas emissions.
Net Zero - have set a Net Zero target date (AFM company wide)
This asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.
Carbon offsetting - offset carbon as part of our net zero plan (AFM company wide)
This asset management company plans to achieve net zero greenhouse gas (CO2e) emissions with the help of a scheme that will lock away an amount of carbon that is equivalent to the company’s own emissions – so that the end result is ‘net zero’. Calculations and scope vary. Transparency
Sustainability transition plan publicly available (AFM company wide)
This asset management company has published a plan that explains how they are to become a sustainable business - without significant negative environmental or social impacts.
Paris Alignment plan publicly available (AFM company wide)
This asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.
Net Zero transition plan publicly available (AFM company wide)
This asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.
Dialshifter statement
Find fund management companies that have supplied Dialshifter information. See Dialshifter tab within record for more information. Sustainable, Responsible &/or ESG Policy:Objective The Fund aims to achieve a combination of income and growth by investing in corporate bonds (loans to companies) issued worldwide including Emerging Market countries which adhere to the abrdn “Global Corporate Sustainable Bond Investment Approach” (the “Investment Approach”).
(Source: KIID, as at January 2025)
Dialshifter (Fund)Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by… abrdn strongly supports the objectives of the Paris Agreement. We are committed to playing a constructive role in the decarbonisation of the global economy and serving the long-term interests of our clients. We have developed a business-wide approach to support the goals of the Paris Agreement based on five principles:
Further information on these principles and our approach to Paris alignment is available here: https://www.abrdn.com/docs?editionId=407977f9-165c-4edf-a894-13d005e4ac3f
SDR Labelling:Not eligible to use label |
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