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LOIM announces commitment of $20mn from the Constitutional Reserve Fund of Monaco for Plastic Circularity strategy
Strategy targets plastic waste as an investible opportunity
Lombard Odier Investment Managers (“LOIM”) today announces a commitment of $20mn from the Constitutional Reserve Fund of Monaco into its new Plastic Circularity strategy.
This commitment furthers LOIM’s position at the forefront of sustainable investing with a new value-added private equity strategy that aims to drive innovation throughout the lifecycle of plastics for increased circularity across all use cases (packaging, textile, construction, transport, electronics).
The Plastic Circularity strategy targets key themes including collection and sorting infrastructure, technology-enabled recycling infrastructure, design and production solutions for improved recyclability and new usage models that extend the life of plastics by reusing, refilling or repairing plastic goods. They directly contribute to a lower carbon circular economy for plastics.
Turning plastic waste into a resource.
Today, we let plastic go to waste at the expense of the planet. Transitioning to a circular model for plastic is not just nature-positive, it represents a USD 1.2 trillion global economic opportunity by 2040.1
A circular model means changing how we produce, use and recycle plastic in order to greatly reduce plastic waste and related greenhouse gas emissions.
A new plastics value chain is emerging. It includes innovative plastic materials, new ways of using and re-using plastics, and improved collection, sorting and recycling capabilities.
It is time to put plastic waste to work.
As regulators, consumers and corporates wake up to the plastic challenge, investment opportunities are arising from innovative solution-providers, while also enabling investors to generate impact from reducing plastic waste and greenhouse gas emissions.
With its participation in LOIM’s Plastic Circularity strategy, the Principality's Constitutional Reserve Fund, in line with the commitments of H.S.H. Prince Albert II, will strengthen its presence through investments in companies that provide innovative solutions to effectively combat global warming and preserve the oceans.
Jean-Pascal Porcherot, Co-Head of LOIM and Managing Partner at Lombard Odier said: “Monaco’s sovereign wealth fund is recognised for its strong sustainability focus and we are excited to be working together with them as a key partner. The plastic circularity strategy reflects LOIM’s strategic commitment to creating innovative impact strategies for clients and highlights the significant role that private markets play in delivering sustainability outcomes and attractive financial returns.”
About Lombard Odier IM
At Lombard Odier Investment Managers, we are rethinkers with one goal in mind. To provide our clients with outstanding investment solutions that meet their needs for the long term and evolve to thrive in the challenging world in which we all live.
We are focused investment specialists, seeking out investment opportunities that lie on less trodden paths, where our diverse and talented team can add genuine, persistent, value to our clients. We constantly rethink what we know and do, innovating to create new strategies and develop new ways of investing.
We believe that the next economic revolution has already begun, and that sustainability will be a major driver of returns for the foreseeable future and beyond. For those with the skills to adapt to this new reality, sustainability would create new sources of alpha, open up new investment opportunities and lead to enhanced return and reduced portfolio risk.
Our team of sustainability experts combine sophisticated data sources, academic rigour, and technical innovation to create leading-edge, science-based tools that provide unique insights that are available to all our investment professionals.
These unique insights are reflected directly in our growing range of dedicated sustainable investment strategies that are aligned to this core belief, that our economic model must move from being Wasteful, Idle, Lopsided and Dirty to become Circular, Lean, Inclusive and Clean. We call this The CLIC® Economy.
With more than 180 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of 63 billion CHF (as of 31 December 2022).
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This document has been issued by Lombard Odier Funds (Europe) S.A. a Luxembourg based public limited company (SA), having its registered office at 291, route d’Arlon, 1150 Luxembourg, authorised and regulated by the CSSF as a Management Company within the meaning of EU Directive 2009/65/EC, as amended; and within the meaning of the EU Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD). The purpose of the Management Company is the creation, promotion, administration, management and the marketing of Luxembourg and foreign UCITS, alternative investment funds ("AIFs") and other regulated funds, collective investment vehicles or other investment vehicles, as well as the offering of portfolio management and investment advisory services.
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