Your Wealth, Your Way - Impact Reports 2021
Impact Roadmaps highlight positive change across five tangible impact goals: Inclusion, Health and Wellbeing, Climate Change, Responsible Consumption and Sustainable Infrastructure
Tuesday 21 June 2022
Cazenove Capital, today launches its 2021 Sustainable Growth Fund and Charity Responsible Multi Asset Fund Impact Reports, which illustrate the positive impact1 our clients are making through their investments choices. The reports detail our active fund management approach, the impact we are achieving by investing in companies that are making a tangible difference and our engagement whether through direct ownership or via collaborating with the broader industry. Together, these reports detail, how we have used our influence to accelerate positive change.
Throughout 2021, it was very encouraging to see so many new clients committing their assets to our sustainable strategies. This growing community and our collaborative approach have really helped to maximise our collective impact.
We have made a number of significant enhancements to our second Impact Reports, for example this is the first time a multi manager approach has been mapped to impact goals and aligned with internationally recognised frameworks of the United Nations Sustainable Development Goals (UNSDGs) and the Impact Management Project (IMP). This we believe provides our clients with greater insights into the activities our investments are undertaking, the outcomes they achieve and the potential longer term impact they may have on people and the planet.
Lyn Tomlinson, Head of Impact, Cazenove Capital comments:
“We are on an almost certain trajectory to breach 1.5C of temperature warming within the next five years, which brings with it further humanitarian and bio-diversity consequences. Both of these crises highlight the complexity within which investors work, but underline that we must take action now on important social and environmental issues. If we are to limit temperature rises to 1.5C, we have just 91 months to halve global emissions from the date of this report*. Achieving this will require collaboration and innovation on a scale not yet seen.
We have further integrated our use of the IMP framework by mapping the investor contribution made across the portfolio. This is particularly important as it helps us identify where we have grown new or undersupplied capital markets, which is a fundamental part of having impact in listed markets.”
Kate Rogers, Head of Sustainability, Cazenove Capital comments:
“Direct client input has inspired engagement action, from tackling climate misinformation at Alphabet to engaging banks on fossil fuel financing. Our clients views have informed and amplified our influence.
Since our first impact reports 12 months ago, we estimate that our Sustainable Funds have reached over 300,000 people and have avoided over 100,000 tonnes of carbon emissions, the equivalent of the carbon absorbed by almost 1.7 million trees. This reporting of company impact KPIs illustrates our continued efforts to build and develop best practice.
Our investments continue to evolve, and the sustainable investment universe is growing. That brings opportunities, but also makes it important for us to rely on fundamental research, to ensure that we can choose the approaches that best meet our dual objectives of investing for strong financial returns and in companies focused on a net positive impact. We welcome the increasing focus on impact and ESG by regulators and hope that we continue to see best practice evolve.”
For further details please read the full Sustainable Growth Fund Impact Report 2021 or the Charity Responsible Multi Asset Fund Impact Report 2021.
*In the scenarios assessed within the Intergovernmental Panel on Climate Change (IPCC) report if we are to limit temperature rises to 1.5C emissions need to peak by 2025 and reduce by 43% by 2030.
For further information, please contact:
Estelle Bibby, Head of Media Relations +44 (0) 20 7658 3431 estelle.bibby@schroders.com
Note to Editors
About Wealth Management
As a long-established wealth manager with an absolute focus on preserving and growing our clients’ wealth, what matters most to our clients, matters most to us.
Private individuals, family offices, trusts, institutions and charities all rely on us to provide them with bespoke wealth management services. Skilled in investment management, wealth planning and banking services – we also offer discretionary fund management to external advisers and their clients, and we are the largest charity fund manager by assets under management in the UK.
For two centuries we have helped clients look forward to a successful future. With each client, we plan for the long term and invest the time to gain a detailed understanding of their unique circumstances, goals and ambitions. The majority of our clients, and many of our own people, work with us for years, decades and even generations. This creates relationships of unusual depth.
Our experience of navigating complex markets and adapting to change helps us balance risk and reward. The investment expertise we call upon as part of Schroders, a truly global asset manager, combined with our long-standing experience of advising clients, is what sets us apart.
Wealth Management office locations
Cazenove Capital: UK and Channel Islands. Schroders Wealth Management: Singapore, Hong Kong and Switzerland.
Schroders Wealth Management, including Cazenove Capital, has £81.2 billion in assets under management globally across all Wealth Management offices (including Benchmark Capital, part of wealth management) as at 31 December 2021.
Further information about Cazenove Capital can be found at www.cazenovecapital.com.
Issued by Cazenove Capital which is part of the Schroders Group and is a trading name of Schroder & Co. Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
When investing, your capital is at risk.
The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested. Cazenove Capital is a trading name of Schroder & Co. Limited. Registered Office at 1 London Wall Place, London EC2Y 5AU. Registered 2280926 England. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For your security, communications may be taped or monitored.
1 Data quoted reflects the notional aligned impact calculated for 12 months to 31st December 2021, based on the value of assets in our sustainable investment strategies, accrued daily. 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 our sustainable investment strategies are aligned with these impacts but are not solely responsible for them. We use the most up to date underlying impact data available as reported by companies and fund managers 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 2,900KWh electricity in a year (Source: Ofgem). Where data is not available we have not included it, with the expectation that our results are conservative.