Mercer boosts sustainable investment capabilities globally to meet surging client demand
Sustainable Investment team expanding in key locations; Sarika Goel appointed Global Head of Sustainable Investment Research
Asia, 10 August 2021 – Mercer announced today a global expansion of its sustainable investment (SI) capabilities by an additional 30% to meet growing demand from clients looking to manage investment risk and return linked to climate change and other environmental, social and governance (ESG) drivers. Mercer’s award winning Sustainable Investment team is being expanded to support clients in meeting their sustainability goals and includes new hires to the global sustainable investment team based in Australia, Canada, Hong Kong, Switzerland, US and UK. Mercer also continues to increase its focus on sustainability in manager research, and has appointed Sarika Goel to the newly created role of Global Head of Sustainable Investment Research.
Mercer has seen substantial asset growth in its range of sustainable-oriented funds over the last 12 months. For example, Mercer’s Sustainable Global Equity Fund has more than doubled its assets to exceed USD2 billion at 31 Mar 2021. This growth is propelled by a surge in investor interest in funds that seek to deliver strong and sustainable investment returns by positioning for the transition to an economy with low or net zero carbon emissions as well as other sustainable investment trends.
Helga Birgden, Global Business Leader, Sustainable Investment, Mercer said: “As the world experiences seismic environmental and societal changes, we are committed to helping our clients consider how these shifts impact their portfolios. Through our forward-looking research on the impact of climate change and on sustainability in investments, as well as our accompanying advice and solutions, we are supporting clients in pursuing better investment outcomes.”
Ms. Birgden added: “Leading up to COP26, there is ambition among leading funds to demonstrate strong credentials in sustainability in their investment programs. Since forming its dedicated specialist team in 2004, Mercer has long backed such client ambition. We help meet our client’s investment objectives with global research, sustainable investment advice and sustainable investment solutions in the context of growing stakeholder expectations.”
On Sarika Goel’s appointment, Jo Holden, Mercer’s Global Head of Investment Research commented, “Sarika has been instrumental in driving the leadership and guidance that Mercer provides on sustainability in manager research. In her new role she will drive the agenda for manager research coverage of investment strategies across asset classes focused on sustainable development, climate transition, impact investment and stewardship. Sarika also will lead the development of thought leadership related to Mercer’s sustainable investment research agenda.” Ms. Goel has been with Mercer since 2010, and has led Mercer’s coverage of sustainable themed investment strategies within listed equities.
“We have seen heightened demand and requests from regulators, authorities and asset owners in relation to sustainable investment in Asia. However, there is no one-size-fits-all solution given the diverse cultures and different stages of developments for countries across the region. Nonetheless, sustainable investing and ESG integration are common goals for businesses to thrive in a low carbon future. Expanding our capabilities in this space will enable us to build on our success to date and provide leading-edge sustainability advice to our clients in Asia.” said Janet Li, Wealth Business Leader for Asia.
Mercer is a business of Marsh McLennan, which has pledged to be carbon neutral in 2021 and to reduce its carbon emissions by 15% by year-end 2025. These commitments complement important climate work occurring across the company from helping clients measure and manage the risk associated with natural perils in a changing climate to supporting their transition to a low carbon economy.
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 78,000 colleagues and annual revenue of over $18 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit mercer.com. Follow Mercer on LinkedIn and Twitter.