Funds Group: GMO Trust Funds
Management Company: Mayo, Van Otterloo & Co. LLC
Funds Affected: GMO Climate Change Series Fund
Principal Sustainable Investment Management Strategy: Thematic Investing
GMO seeks to achieve the fund’s investment objective by investing primarily in equities of companies the advisor believes are positioned to directly or indirectly benefit from efforts to curb or mitigate the long-term effects of global climate change, to address the environmental challenges presented by global climate change, or to improve the efficiency of resource consumption.
The fund has a fundamental policy to concentrate its investments in climate change-related industries. The fund considers “climate change-related industries” to include clean energy, batteries and storage, electric grid, energy efficiency, recycling and pollution control, agriculture, water, and businesses that service such industries.