Annual Sustainability and Impact Reports
2024Jump to a report using the below links
We’re delighted to publish our fifth annual Sustainability and Impact Reports for our flagship sustainable funds – the Sustainable Multi-Asset Fund for charities, and the Sustainable Balanced Fund and Sustainable Growth Fund for private individuals. Each report describes the active fund management approach during 2024 and evaluates the positive impact each fund has made through capital allocation and our active engagement.
The power of collective action
With increasing demand for sustainable investment, this community and our collaborative approach have helped to maximise our collective impact over the last year. Across Cazenove Capital’s three sustainable flagship funds, we’ve estimated the aggregated impact achieved:
292,183
estimated people reached¹
87,817
estimated tonnes of carbon avoided¹
100%
of the investments in the funds avoid harm
1/3
of the funds are materially contributing to the UN’s Sustainable Development Goals²
2/3
of the sustainable holdings have been actively engaged with over 2024³
57%
of the fund’s investment team are female⁴
For charity clients
Sustainable Multi-Asset Fund Impact Report
For private clients
Sustainable Growth Fund Impact Report
For private clients
Sustainable Balanced Fund Impact Report
Our adoption of the FCA’s Sustainability Disclosure Requirements ‘Sustainability Focus’ label
We’re incredibly proud that each of our flagship sustainable funds have adopted the ‘Sustainability Focus’ label on the 1st April 2025, under the new Sustainability Disclosure Requirements (SDR) regime. The adoption of the labels reinforces our commitment to a robust sustainable investment approach, managing investments in line with our clients’ values. Within the reports, we delve into what this means in practice. Similarly, you can read our news release announcing the adoption of the labels here.
Furthering our impact
A key focus of our flagship sustainable funds is to contribute towards initiatives that provide solutions to areas of environmental need. However, there are many areas which are more difficult to finance at scale through investments in listed markets. Cazenove Capital has therefore, partnered with three charities to directly support three core underfunded areas: conservation of the ocean via ‘10% for the Ocean’, protecting biodiversity via Fauna & Flora, and ensuring climate justice via ‘Acumen’. You can find out more about our charity partnerships here. We also provide further information in each of the Reports.
“At a time when environmental commitments are wavering, our resolve is clear: we are committed to investing with the aim to drive real progress on climate action and secure a more sustainable future for generations to come”.
Head of Impact and Philanthropy
“We believe in the power of sustainable investment to meet our clients’ financial objectives while delivering positive outcomes for people and the planet. We are committed to demonstrating best practice and are delighted to be applying the ‘Sustainability Focus’ label to these Funds, in line with the FCA’s Sustainability Disclosure Requirements regime.”
Sustainable Solutions Lead
Read last year’s 2023 sustainability and impact reports
You can read more about our estimated amalgamated impact achieved across all three of our sustainable flagship funds in 2023.
Contact us
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Read the latest thinking on sustainability and how to invest for a better future from specialists across our firm.
Important information
¹ Impact metric data provided, in part by Net Purpose. Data shown reflects the notional aligned impact calculated for the positions held in the fund as at the 31 December 2024, based on the value of assets as at the 31 December 2024. The positive impact is generated by the companies that we invest in and the users of their products and services, like the organisations that have helped improve access to healthcare, finance and education and the people who choose to switch to renewable energy. Investors in the fund are aligned with these impacts by investing in a company’s activities generally but do not finance any activity, product or service that a company may undertake or make available. We use the most up to date underlying impact data available as reported by the companies and fund managers in which we invest to estimate these impact metrics and apportion it according to our holding size. To illustrate the aggregated impact, we translate the impact into more meaningful comparisons using the following conversion ratios: the average UK home uses 2,700KWh of electricity in a year (Source: Ofgem). Where data is not available, we have not included it, with the expectation that our results are conservative. Impact metrics provided, in part by Net Purpose.
² Based on Cazenove Capital's assessment using the Impact Management Projects (IMP) ABC framework.
³ Engagement across the holdings based on weight in the Funds as at 31 December 2023. Engagement figures may be subject to revision given ongoing quality assurance processes and delayed logging of engagements.
⁴ Cazenove Capital's sustainability investment team comprises of 20 individuals.