Environmental, Social and Governance (ESG)

We believe Culture and ESG are intertwined. We consider them both integral to our assessment of a business. Since inception our in-depth corporate engagement program has been the cornerstone of our in-house research.

Our voting program is the other half of our ESG commitment, all resolutions are documented, researched and voted in-house.

Our ongoing focus on culture and financial sustainability lends itself to strong ESG outcomes. This is evidenced by portfolio emissions significantly lower than index emissions, coupled with outperformance since inception.

Portfolio Reporting

*Commitment to net zero emissions (across all scopes) by 2030 **Has at least measured emissions or energy usage or set a target

*Scope 1 & 2 emissions. Estimates based on LSEG data

SFML Carbon Intensity vs S&P/ASX300

Source: SFML & LSEG

* Denominated in tonnes per CO2e/AUD$m
^ Benchmark used is S&P/ASX300.

Definitions

  • Carbon to value invested – the aggregation of estimated owned constituent greenhouse gas emissions per $1 million market capitalisation as at 31 Dec 2025.
  • Carbon to revenue – the aggregation of estimated owned constituent greenhouse gas emissions per $1 million generated in apportioned revenues.
  • WACI – the weighted average of individual company estimated carbon intensities (emissions over revenues), weighted by the investment proportion of the constituents.

Source: SFML & LSEG

Carbon Offset

We believe business needs to be proactive.