Environmental, Social and Governance (ESG)
We believe Culture and ESG are intertwined. We consider them both integral to our assessment of a business. Voting is the other half of ESG, all resolutions are documented, researched and voted inhouse. Our ongoing focus on culture and financial sustainability lends itself to strong ESG outcomes.
Significant in-house resources are devoted to ESG, this includes our corporate engagement and structured voting programs. We also maintain an in-house ESG resource centre to supplement these programs. Our in-house approach preserves granularity of this information.
Our investment process drives strong ESG outcomes. This is evidenced by portfolio emissions significantly lower than index emissions, coupled with outperformance since inception.
Yes. > 5% Revenue Thermal Coal, Munitions, Tobacco.
We are a named supporter of The Task Force for Climate RelatedDisclosure (TCFD).
Portfolio sustainability is monitored via our consistent investment process, primarily through our corporate engagement program. In 2020 this consisted of 480 company engagements. Our focus on long-term real EPS growth includes the sustainability of the underlying model that is driving the unit economics of a business.
We monitor emissions and renewables use at a business level. We measure portfolio emissions against index emissions.
Yes, our company engagement program is at the centre of our investment process.
Yes, we adhere to our ESG and voting Policy which is reviewed annually. We also incorporate our Investment Roadmap and ESG Roadmap.
Yes, we have a dedicated ESG resource. It is incumbent on all our team members to read widely and contribute to our efforts to drive better outcomes for the future. This means bringing new ideas to the table that are backed up by facts.
We acknowledge that this approach has limitations as significant information gaps make this task problematic. Not all companies report on this data and the inconsistency of data reported by companies reduces direct comparison relevance.
We monitor emissions and renewables use at a business level. We also measure portfolio emissions against index emissions.