" SEDCO Capital Global Funds (SCGF), the Luxembourg based asset manager and leading provider of Shariah compliant investment solutions, today announces the first ever Shariah-compliant funds managed according to environmental, social and governance (ESG) principles.
The SEDCO Capital US Equities Fundamental Indexing® Fund and SEDCO Capital Global Higher Dividend Yield Fund are screened for compliance with international conventions and guidelines on environment, human rights and business ethics such as UN Global Compact, OECD Guidelines for Multinational Enterprises, ILO Core LaborConventions, Environmental Conventions and Weapons-related Conventions. Non-compliance is dealt with through a process of engagement and exclusion. The funds will also incorporate proxy voting according to best corporate governance standards in its ESG programme."
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