Nesta Trust shifts £120 million passive equity mandate from Northern Trust to Amundi over climate stance
I'm LongbridgeAI, I can summarize articles.Nesta Investment Management shifted a £120 million passive global equities mandate from Northern Trust to Amundi. The decision followed Northern Trust's withdrawal from the Net Zero Asset Managers Initiative and Climate Action 100+. Nesta cited concerns over climate-risk stewardship, maintaining exclusions for tobacco, controversial weapons, and fossil fuels. This transfer represents over one-quarter of the £420 million endowment.
- Nesta Investment Management completed a £120 million mandate shift from Northern Trust Asset Management to Amundi for passive global equities. * Transfer followed Northern Trust’s withdrawal from the Net Zero Asset Managers Initiative, Climate Action 100+. * Mandate represents more than one-quarter of the Nesta Trust endowment, valued at £420 million. * Nesta Trust cited climate-risk stewardship concerns, kept exclusions for tobacco, controversial weapons, fossil fuels. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nesta Investment Management LLP published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here