Harvest’s Two UCITS Funds Win LuxFLAG ESG Labels Business WireHarvest’s Two UCITS Funds Win LuxFLAG ESG Labels Business WireHarvest’s Two UCITS Funds Win LuxFLAG ESG Labels Business Wire
Impact Investing Forum 2023
London. Dec 05-06, 2023.
HONG KONG—-(BUSINESS WIRE) –Harvest Global Investments Co. Ltd. is happy to announce that two of its UCITS funds have received LuxFLAG ESG labels. In recognition of Harvest’s efforts in incorporating ESG standards into its investment strategies, the Luxembourg Finance Labelling Agency awarded LuxFLAG ESG labels for Harvest China Evolution Equity Fund & Harvest Asian Bond Fund. These two Harvest funds are the first to receive LuxFLAG ESG labels for their Asian bond fund and China equity funds.
Think sustainably, act responsibly: Harvest joined other responsible investing initiatives and has been a PRI signatory since 2018. Harvest uses its active ownership to reflect engagement priorities such as climate change, social equality, and sustainability governance. Harvest has been engaged with China’s largest SOEs in climate disclosure and policy setting for the past several years.
China’s sustainable investment leader: Harvest’s fiduciary obligation aligns with China’s quality growth transition. This brings sustainable investment opportunities. Harvest’s support for the transformation has been strengthened by China’s journey to carbon neutrality.
Harvest’s proprietary ESG data and scores: Harvest established an ESG team in 2018 and has since developed its ESG framework. The Harvest ESG methodology aligns with global ESG frameworks, but is adapted to China-specific considerations by localization. Harvest ESG Scores are powered by machine learning and natural languages processing technologies. They use data from more than 5,000 government sources, 2300-plus credible media sources, and 200-plus industry associations sources. The rule-based scoring process allows for the timely aggregation of captured data into ESG investment signals.
Supporting China ESG Index Development: Harvest has partnered with index providers to identify sustainable Alpha opportunities by leveraging ESG research. Harvest co-launched a suite of indexes and picked up top ESG profiled Chinese companies. These ESG indices have been able to achieve meaningful alpha in China’s A-share market purely by ESG factor screening.
Harvest Fund Management was founded in 1999 and is one of the largest Chinese asset managers, with more than US$190 billion in AUM. Harvest Fund Management’s Hong Kong-based subsidiary Harvest Global Investments is wholly owned. Harvest is committed long-term sustainable investments and seeks out the best sustainable alpha opportunities throughout China and the world.
1Eligible between October 1, 2021 and September 30, 2022. This status will be reviewed annually.