Bankia, the fourth largest bank in Spain, is building a fund (paywall) open to retail and institutional investors around companies focused on poverty alleviation (SDG №1), eliminating hunger (SDG №2), health and well-being (SDG №3), clean water and sanitation (SDG №6) and life on land (SDG №15).
The fund will be three-quarters in stocks and one-quarter in fixed-income investments.
In France, La Financière de l’Echiquier is realigning an existing socially-responsible investment with the SDGs. “They are a new way of looking at companies [and] offer us new opportunities to engage with the companies in which we invest,” says CEO Didier Le Menestrel.
The bank will require that at least 10% of company revenues come from SDG initiatives.
Dutch pension funds APG and PGGM have pressed for more SDG-aligned investing.