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de Pury Pictet Turrettini and TrustWorks Global join forces to integrate Peace and Stability into the Cadmos Funds
4 October 2022
Through the partnership with TrustWorks, De Pury Pictet Turrettini has increased its engagement capacities for responsible business in conflict-affected regions
[Geneva, October 2022]. Swiss assets management firm de Pury Pictet Turrettini (PPT) is glad to announce today that the company has entered into a strategic partnership with TrustWorks Global (TrustWorks) to support its innovative engagement approach on peace and stability – initiated in 2018 with the PeaceNexus Foundation.
The agreement brings together a prominent sustainable investment fund manager based in Geneva and Zurich with a social enterprise leading the mobilization of the power of private and public-sector actors to prevent conflict, promote stability and foster peace-positive development in fragile and conflict-affected settings (FCS).
“Together with TrustWorks’ leading experts in responsible investor and business engagements in conflict-affected settings, we commit to both furthering the peace finance agenda and enabling companies to operate in ways that actively contribute to peace,” said Managing partner Melchior de Muralt. “We are very much looking forward to working with TrustWorks in the months and years ahead to foster responsible business in some of the world’s most challenging contexts.”
The partnership between PPT and TrustWorks in the context of the Cadmos Funds provides an opportunity for two entities with a shared passion for meeting business and peace, which will strengthen a series of objectives:
“We welcome this partnership because investors and business actors have critical roles to play in fragile and conflict-affected settings in fostering conflict-sensitivity and peace-promoting investments and business operations. Through this partnership with PPT, we look forward to supporting businesses operating in complex contexts to contribute to peace through their core operations, supply and value chains”, said TrustWorks CEO, Josie Lianna Kaye.
de Pury Pictet Turrettini (PPT) is an independent asset manager founded in 1996 in Geneva with almost CHF 5 billion in assets under management. Since 2006, the company has been developing and managing funds with a Buy & Care® approach. The Cadmos Funds also incorporate this investment philosophy, which aims to generate tangible social progress and impacts. PPT has been a PRI signatory since 2008 and manages the ENETIA, Cadmos, Secular Trends, Rising Stars and Swiss Positive Gold funds, making it a pioneer in responsible investment.
About TrustWorks Global
TrustWorks Global is a social enterprise based in Geneva which harnesses the power of private- and public-sector actors for social good to prevent conflict, promote stability and foster peace-positive development in fragile and conflict-affected settings. It supports private and public actors to develop and implement context-specific, conflict-sensitive strategies to achieve their organizational objectives in FCS in a manner that at a minimum does ‘no harm’ and, where possible, maximises their unique potential to have positive impacts on conflict and stability. It drives powerful, novel and unusual cross-boundary collaboration – breaking down siloes between private and public actors – to address critical conflict- and stability-related challenges in FCS that cannot be solved by any one actor or sector alone.