We are delighted to publish our sixth 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 outlines out the outcomes created for people and the planet over the course of the year, and highlights the value of adopting a sustainable investment approach.

The power of collective action for sustainable investment continues to grow, as our collaborative approach has helped to maximise our impact over the last year. Across Cazenove Capital’s three flagship sustainable funds, we have estimated the aggregated impact achieved:

496,370

estimated people reached¹

264,767

estimated tonnes of carbon avoided¹

100%

of the investments in the funds avoid harm

1/3rd

of the funds are materially contributing to the UN’s Sustainable Development Goals²

3/4qtrs

of the funds holdings have been actively engaged with over 2025³

44%

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 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, many such areas are 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 through ‘10% for the Ocean’, biodiversity protection through Fauna & Flora, and ensuring climate justice via through ‘Acumen’. You can find out more about our charity partnerships here, with further detail We also provided further information in each of the Reports.

At a time when governments' environmental and social commitments are wavering, our resolve remains clear. We believe in the power of sustainable investing to deliver strong financial outcomes for clients while driving meaningful progress for people and the planet. We are committed to demonstrating best practice and contributing to a more sustainable future for generations to come.

Emilie Shaw

Head of Sustainable Solutions

Annual sustainability and impact reports 2024

Read more about our estimated amalgamated impact achieved across all three of our sustainable flagship funds.

Annual sustainability and impact reports 2023

Read more about our estimated amalgamated impact achieved across all three of our sustainable flagship funds

Contact us

To discuss your wealth management requirements, or to find out more about our services, please contact us below.

Subscribe to our quarterly newsletter

Read the latest thinking on sustainability and how to invest for a better future from specialists across our firm.

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 2025, based on the value of assets as at the 31 December 2025. 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. rd = thirds.

³ Engagement across the holdings based on weight in the Funds as at 31 December 2025. Engagement figures may be subject to revision given ongoing quality assurance processes and delayed logging of engagements. qrts = quarters

⁴ Cazenove Capital's sustainability investment team comprises of 20 individuals.