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Stewardship and responsible investment report

Our approach to stewardship and responsible investment - engagment, research, voting and how ESG was applied to our investment decisions in 2023.

“We pride ourselves in being good stewards of our clients’ capital. It is core to who we are and a distinctive feature of our investment principles.”  Ashley Hamilton Claxton, Head of Responsible Investment

Download our 2023 report

Highlights from 2023

As responsible investors and good stewards of our clients’ capital, we actively promote strong governance and forward-thinking environmental, social and governance (ESG) practices across our assets.

Our engagement, research, voting and advocacy helps to add value and meaning to our investment decisions and, over the long term, help us deliver better returns for our clients and customers.

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Net zero

We engaged 223 companies on climate in 2023, with 36 selected for further engagement to promote meaningful action on net zero.
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Commodities

We collaborated with Bloomberg to integrate ESG factors into commodity investing, helping create the world’s first carbon-tilted commodity index and exchange traded fund.
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Labelled bonds

We continued to look behind ‘green’, ‘social’ and ‘sustainability-linked’ bond labels, deciding to purchase only if the true sustainability value of an investment meets our expectations.
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Property

We supported sustainable property development and refurbishment through projects such as the Earnshaw building, which has achieved high environmental and wellbeing standards.
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Inclusive future

We furthered our work with banks, social housing and the energy sector on the unintended social impacts of climate transition plans, helping shape a ‘just transition’ to a low-carbon economy.
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Water utilities

We grew our engagement programme with all 11 UK water utility companies on key challenges including climate change, biodiversity and balancing infrastructure investment with affordability.
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