Jupiter is pleased to announce the appointment of Sandra Carlisle as Head of Sustainability, leading the asset manager’s newly established Corporate Sustainability function. In this new role, Sandra will be responsible for structuring and implementing Jupiter’s sustainability strategy across the organisation.
The Corporate Sustainability team will take responsibility for implementing and driving Jupiter’s cohesive sustainability strategy across our dual corporate and investment footprint. They will partner with all business areas to further integrate sustainability; driving external engagement with clients; collaborating with external bodies, supporting best practice outcomes at an industry level; as well as developing additional targets and reporting to support the company strategy. The team will be led by Sandra with the support of a new Corporate Sustainability Manager.
Sandra joins Jupiter from HSBC Asset Management where she was Global ESG lead for the institutional business since 2017, a role which covered client and business strategy across insurance, sovereign wealth and pension funds. Sandra was instrumental in the launch of several ESG and impact funds as well as chairing the HSBC Asset Management Climate Business Council for two years between 2018 and 2020. Prior to this, Sandra was Head of Responsible Investment at Newton Investment Management where she managed the global ESG research team across equities, fixed income and multi-asset strategies. Sandra also spearheaded the company’s investment stewardship and public policy work.
Sandra’s experience spans three decades across public and private markets in leading global investment banks and the asset management industry, with 16 of these years dedicated to the field of responsible investment and ESG, including three years as a Board member of the UN PRI.
Sandra’s appointment and the creation of the Corporate Sustainability function builds on Jupiter’s industry leading and longstanding ESG and Stewardship capabilities. With a 34-year track record in responsible investing, the company has been a pioneer in the industry. Jupiter has continued to develop its investment offering and integrate ESG through its active investment approach and investment in data. Jupiter formed part of the initial tranche of asset managers to be given statutory status by the FRC under the revised UK Stewardship Code 2020, has been awarded an A+ rating for strategy and governance by the UN PRI and is rated Advanced by Morningstar in its ESG Commitment Level.
At a corporate level, Jupiter has committed to achieving net zero emissions by 2050, across its full range of investments and operations. It is an active participant in ESG-related industry initiatives such as the UN PRI, Carbon Disclosure Project (CDP) and Climate Action 100+, among others. Jupiter has a AAA ESG rating from MSCI and is a FTSE4Good index member.
Andrew Formica, CEO, Jupiter commented:
“Sandra’s appointment signals our desire to continue to build and deliver a competitive and compelling offering in this crucially important area. As a pioneer in responsible investing and with an established track record of engaged and effective stewardship, we are focused as a business on maintaining our distinctive leadership position, always with our clients’ best interests at our heart.
“I am very proud of what we have achieved to date and look forward to Sandra’s arrival and an exciting path ahead as the Corporate Sustainability team take us to the next level of further integrating our core principles throughout the business.”
Jupiter takes a three-pronged approach to sustainability, viewing this through the lens of: corporate stance and strategy, integration within the investment process and stewardship, and ESG and sustainable investment products. The creation of its Corporate Sustainability team is the latest in a series of developments over the past year, where progress has been made in each of these areas, please see below for key highlights:
Corporate stance and strategy:
- Establishment of new Corporate Sustainability team
- Jupiter formed part of the initial tranche of asset managers to be given statutory status by the FRC under the revised UK Stewardship Code 2020.
- Joined the Net Zero Asset Managers Initiative and were part of the first cohort of asset managers to disclose an interim 2030 decarbonisation target for 41% of our AUM.
- In line with its Net Zero commitment, Jupiter announced its partnership with Forest Carbon, a not-for-profit scheme providing woodland carbon capture projects in the UK.
- Signed the UN Global Compact (UNGC) committing to an alignment of purpose and principles.
- Member of the Good Work Coalition.
- Member of the Finance for Biodiversity Pledge.
Integration within the investment process:
- The Stewardship Team’s investment remit has been reinforced with the addition of experienced hires who have a broad range of skills. Jupiter has a distinctive heritage in responsible stewardship and we believe this to be a strong competitive advantage.
- Development of the in-house Jupiter ESG Hub delivered and managed by the Data Science Team which integrate ESG data science firmly into the investment decision making process.
- Creating new ESG Director roles working within investment strategies to ensure that this investment principle is integrated but also defined by individual strategies. This includes the most recent appointment of Anna Karim, who joined Jupiter’s flagship strategic bond strategy led by Ariel Bezalel, Andrew Mortimer who moved from the Stewardship team to take up this role within the Jupiter UK Small & Midcap team and Amanda Sillars, who was appointed ESG Director in the Jupiter Merlin team.
- Expanding our Sustainable Investing team capabilities with four new hires in 2021.
ESG and sustainable investment products:
- Recent launches of new products including Jupiter Dynamic Bond ESG fund (SICAV), a bespoke version of its flagship Jupiter Dynamic Bond fund (SICAV) with a core focus on sustainability, and Jupiter Global Ecology Bond Fund, a new product within the environmental solutions suite. In addition, we expanded our Global Sustainable Equities offering to international clients with the launch of a SICAV.
- Defining approach to the Sustainable Financial Disclosure Regulation (SFDR) and aligning its first raft of products to this piece of European regulation
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