Margaryta Kirakosian, Citywire
Credit Suisse has partnered with Rockefeller Asset Management to launch a thematic equity fund that focuses on ocean preservation, Citywire Selector has learned.
The Credit Suisse Rockefeller Ocean Engagement fund will focus on the 14th Sustainable Development Goal (SDG), which is life below water, aiming to generate alpha and positive outcomes for ocean health.
Credit Suisse said the ocean serves as a tremendous asset to climate change mitigation, absorbing 93% of climate heat and sequestering 25% of global CO2 emissions, with one mature whale sequestering more carbon than 30,000 trees.
Read the full story here