Our sixth annual Sustainability and Impact Report for our Sustainable Balanced Fund demonstrates the outcomes achieved for people and the planet over the course of the year, through our sustainable investment approach and active ownership strategy. We are delighted to have achieved these outcomes, while continuing to outperform the unconstrained peer group.
“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
Making a difference through collective investment and engagement
We strongly believe that both our decisions around capital allocation and the way we use our influence with the companies and managers we invest in can drive meaningful change in the world. This year’s report details the progress we are making in both areas, demonstrating how we are delivering our dual sustainability objective of achieving our financial goals while investing to create a positive outcome for people and planet.
See below for some of the report’s key highlights:
Investing for impact
We’re delighted that 32% of the portfolio is contributing to solutions by supporting the United Nations (UN) Sustainable Development Goals (SDGs), as assessed under our internal methodology[1]. For more information on the impact created by the solutions we are allocating to, see pages 6 and 14-18 of the report. Please see the Important Information section below on how we’ve calculated the percentage of holdings contributing towards solutions.
Over the course of the year the fund delivered a positive return of 9.9%, ahead of both the inflation plus 2.75% target, (which rose 6.5%) and the peer group, represented by the ARC Balanced PCI Index, which returned 9.1%. To read more information about the fund’s financial performance, see page 3 of the report.
Please see Important Information below to understand how we’ve calculated our financial performance[3][4].
Using our influence
We are committed to using our influence to push for progress. We engage both directly with companies we invest in and with fund managers whose funds we invest through.
As at the end of last year we engaged with 19 of the 39 directly invested companies owned and engaged with 13 of the 15 actively managed funds across equities, bonds, alternatives, and cash. Please see the Important Information section below to understand how we’ve calculated our engagement [5].
If you would like to read more about our engagement within the report, you can do so on pages 21- 23.
Annual sustainability and impact reports 2025
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.
¹ The sources of this data are Cazenove Capital and the third party fund managers of the positions held in the Fund. SDG classifications based on the fund managers' assessment of the primary SDG being supported.
² 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 SUTL Cazenove Sustainable Balanced Fund are aligned with these impacts by investing in a company’s activities generally but do not finance any particular 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: over a decade, one tree captures and stores 60kg of carbon dioxide from the atmosphere (Source: EPA), the average UK home uses 2,700 kWh 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.
³ The sources of this information are Cazenove Capital and Lipper. Data to 31 December 2025. Inception 1 August 2018. Past performance is not a guide to future performance. The above charts show the performance of the Cazenove GBP Sustainable Balanced model portfolio shown as representative past performance for the SUTL Cazenove GBP Sustainable Balanced Fund prior to to funds launch in 29 April 2022, followed by the performance of the Fund after this date. Returns between the 1 March 2018 and 1 October 2018 are of a simulated model based on the actual returns of the strategies underlying holdings, assuming no asset allocation changes. Fund performance is shown in GBP and net of underlying fund fees and trading costs. A discretionary portfolio management fee and VAT may also be applicable. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.
⁴ ARC GBP Balanced PCI Index representing peers group returns.
⁵ Engagements are coordinated by Schroders and Cazenove Capital. Engagement figures may be subject to revision given ongoing quality assurance processes and delayed logging of engagements.