at sustainable investments. This is a team that make up around 10% of the overall asset management team, alongside other ESG focussed individuals operating elsewhere within the Phoenix Group.


If we are going to make the right investments, then ESG is a major driving factor. We need to think about the significant macro and social situations that are happening and how we are investing into them, such as the aging population. We are in the midst of a technological revolution with digital infrastructure, fibre networks, data warehouses along with a material change in the way people move around, powered by


16 May 2022 portfolio institutional roundtable: Private markets


themselves, electricity and hydrogen – the changing energy mix we are witnessing. Capex needs in economies can come in multi, multi billions and large institutions can make businesses behave differently through the size of our investments, voting and exclusions. We are not going to make investments in coal, but we are going to be impactful in this area by investing in renewables. We are giving careful consideration on how to transition our existing portfolios appropriately to support the returns we said we would deliver while exiting socially bad investments for good investments.


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