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    Home»Environment & Sustainability»Wellcome pledges £29bn investment fund will be carbon zero by 2050
    Environment & Sustainability

    Wellcome pledges £29bn investment fund will be carbon zero by 2050

    July 1, 20211 Min Read
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    Wellcome, the £29bn endowment foundation, has pledged that its vast portfolio of investments in shares, hedge funds, private equity and property will become carbon net zero before 2050, the largest such pledge by a UK charity.

    Wellcome, one of the world’s biggest charitable donors, will work with fund managers that oversee assets on its behalf, as well as the companies in which it holds a direct investment to encourage net zero strategies.

    First steps will include devising standard measurements across all its assets, given a lack of data to gauge what its hedge fund and private equity fund managers are doing to meet net zero objectives in their portfolios and co-investments.

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    Source: Financial Times

    By Daniel Thomas and Attracta Mooney

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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