Charities Aid Foundation subsidiary CFSL has linked up with financial firm abrdn to launch a new range of environmental, social and governance (ESG) investment funds for charities.

The range intends to ensure that investments contribute towards charities causes. The funds are open until 10 June and will formally launch three days later.

The three funds are the IFSL CAF ESG Cautious Fund, Income and Growth Fund and Growth Fund.

“This new range of investment funds is about enabling charities to build their financial resilience with sustainable returns, so they can do more life-changing work with lasting benefits for all,” said Alison Taylor, chief executive of CAF Bank and Charity Services.

“With the strength of their investment offer and their long-term commitment to ESG investing, abrdn are well placed to work with us in delivering this exciting new range of responsible investment funds.”

Abrdn managing director discretionary Caroline Tye added: “The overarching aim is to help investors make the most of their investments, empowering them to fund the causes they are looking to support.”

The launch comes weeks after a landmark legal ruling to let charities focus on environmental investments, even if it means excluding a large part of the market.

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