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Fund Solutions

Candriam Fund to Tackle Water Crisis

Asset manager Candriam has launched a new equity fund aiming to address the looming global water crisis. The Candriam Sustainable Equity Water Fund will invest in water infrastructure and across the water value chain, with goals to “reduce pressures on water resources caused by human activities through cleaner and more efficient solutions”. It will invest in companies that treat, transport, distribute and valorise water. The fund will be classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulations (SFDR) – the highest sustainability category under the framework. Freshwater use is one of the six “planetary boundaries” that have been crossed, according to the Stockholm Resilience Centre. Climate change is exacerbating the problem, and by 2050 the world is likely to face a water shortage of 40%. Candriam said as much as US$6.7 trillion of investment in water infrastructure would be needed by 2030, and US$22.6 trillion by 2050. “Water, indispensable for survival, is at the centre of a growing global imperative,” said Johan Van der Biest, Co-head of Thematic Global Equity at Candriam. “The launch of this fund provides sustainably conscious investors with an opportunity to be part of the solution to an intensifying global challenge.” The fund will be co-managed by Bastien Dublanc and David Czupryna – both senior managers at Candriam. It will be distributed in Luxembourg, Austria, Belgium, France, Italy, Germany, Switzerland, Finland, Sweden, Denmark and the Netherlands, and will be launched in the UK “in the coming weeks”, the firm said.

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