Credit Suisse Teams Up With JPMorgan for Sustainable Food Fund
The banks want to invest in public companies working at the intersection of nutrition and climate change
Credit Suisse Group AG and JPMorgan Chase & Co.’s asset and wealth management business are working together to develop a new investment strategy focused on sustainable nutrition.
The fund will invest in public companies that “address the ties between nutrition, health, biodiversity and climate, with a particular focus on nutrition’s societal and environmental aspects,” Credit Suisse said in a statement on Tuesday. The banks plan to launch the fund by the end of the year, according to a Credit Suisse spokesman who said financial details for the joint venture were not currently available.