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Responsible Investment

Responsible investment is integral to our purpose, our philosophy and our culture. These three aspects are outlined below:

1. Our purpose guides us towards sustainable businesses

Our purpose is to generate compelling compound returns for our investors, measured over decades.

We believe that sustainable businesses are best placed to create compound returns. The financial sustainability of a business increasingly depends on all aspects of sustainability – including environmental and social elements.

We do not invest in stocks where we have concerns with their financial stability, including businesses where social or environmental issues prohibit financial sustainability. We aim to invest in great businesses, and back those that deliver value for their key stakeholders.

2. Our Investment Philosophy embeds ESG factors

The integration of ESG factors into our investment process is guided by our Investment Philosophy. This philosophy is grounded by the belief that we can generate higher compound returns for investors by taking less risk.

Consideration of ESG issues is key to this investment approach of identifying opportunities and mitigating business risk in order to compound returns over time.

Several questions on our Investment Philosophy checklist address ESG issues, including whether we like a firm’s purpose and culture.

3. Our culture enables effective stewardship

Teamwork is integral to our culture, and responsible investment is a team-wide responsibility.

We do not believe responsible investment can be effectively outsourced. We undertake our own research and have a proprietary ESG framework – our Responsible Investment Gauge (RIG) – which we use to prioritise, assess and explain relevant ESG issues for each stock in the Fund.

By focusing on one fund we are able to delve into detail and spend time engaging with management. We engage on areas most relevant to each company, and make active voting decisions.

We believe that selective investment, and active ownership, can align with a transition to a more sustainable economy.

Responsible Investment Documents

Responsible Investment Engagement Report
Responsible Investment & Engagement Report

Please see above for our Responsible Investment & Engagement Policy, our semi-annual Responsible Investment & Engagement Reports and other responsible investment documents.