The GAM Sustainable Climate Bond Fund secured the green bond fund of the year award after the innovative financial institution-focused labelled sustainable bond celebrated its third anniversary.

One awards judge praised the €13 million ($14 million) fund – which is managed by Atlanticomnium – for its "impressive results" since it was launched in August 2021, outperforming all major green and sustainable bond indexes in each of its full calendar years.

The fund managers were also hailed for their "direct and measurable" impact and "strong" reporting by another awards judge.

GAM was also praised for its "solid" engagement process. For example, the fund managers focus engagement on the climate transition strategy and impact reporting of sustainable bond issuers – engaging pre-investment for those that do not meet their minimum criteria, and post-investment for those who meet the minimum criteria but not best practice.

For example, it has operated a climate transition engagement strategy engagement programme since 2022. This is based on the bank and insurer expectations under the Institutional Investors Group on Climate Change (IIGCC) Paris-aligned engagement framework and is updated annually.