Cazenove Capital publishes 2022 Sustainability and Impact Reports
Cazenove Capital, one of the UK’s leading wealth management businesses and part of Schroders, has today published its latest Sustainability and Impact Investment Reports.
Cazenove Capital, one of the UK’s leading wealth management businesses and part of Schroders, has today published its latest Sustainability and Impact Investment Reports.
Download the reports here:
Sustainable Growth Fund Sustainability and Impact Annual Report
Charity Responsible Multi-Asset Fund Sustainability and Impact Annual Report
The Reports detail how the firms Sustainable Growth Fund for private clients and Responsible Multi-Asset Fund for charities are achieving their dual objective of financial returns and a positive impact on people and the planet.
This is the third year that Cazenove Capital has provided detailed sustainability and impact reporting for its flagship sustainable funds. Using the accumulated data, the reports now include meaningful insights on how their impact has evolved over time.
Highlights for the SUTL Cazenove Sustainable Growth Fund Sustainability and Impact Report:
- 100% of the investments in the fund act to avoid harm and 27%1 are in holdings which actively contribute to tackling the worlds biggest challenges, such as climate change and inclusion.
- Per £1 million invested in the fund, an estimated 367 people stand to benefit through the provision of healthcare, housing, financial inclusion and access to digital services1.
- Per £1 million invested in the fund, an estimated 139 tonnes of CO2 is avoided, which is the equivalent to the carbon absorbed by 2,292 trees1.
- The Fund has a carbon footprint half that of the equity market and has committed to achieving net zero by 2050 or sooner2.
- Over three years to the end of the December 2022, the fund has delivered a return of 20.7% compared to the peer group return of 3.5%, as represented by the ARC steady Growth Index.
Lyn Tomlinson, Head of Impact, Cazenove Capital commented:
"At the time of publishing our 2022 Sustainability and Impact Reports, we have seen record breaking temperatures across Asia and Europe and we are facing the return of an El-Nino season. We have just 79 months to halve global emissions3 if we are to limit temperature rises to a level which avoids the most negative impacts of climate change, including the mass displacement of people and irreversible bio-diversity loss.
"As we approach the second half of this decade of action, it is more important than ever that investors allocate capital to investments that address environmental and social challenges. Our reports highlight the efforts we are making to avoid harm and to allocate capital to improve lives and ultimately protect our planet. As part of our commitment to remain at the forefront of global best practice we are delighted to have had our reporting independently verified by leading impact consultant BlueMark4.”
Kate Rogers, Global Head of Sustainability, Cazenove Capital said:
“Our goal is to bring together investors and managers in a collaborative approach to drive climate and social action, and deliver profit with purpose. With a shared vision, radical transparency and active client participation, we believe we can make positive change.”
Cazenove Capital had developed a proprietary impact management framework to assess the social and environmental outcomes of its investments. As a significant investor in third-party funds, we are breaking new ground in engaging with asset managers to ensure that we’re all moving towards best practice in sustainable investment.
The launch of this year’s Sustainability and Impact Reports coincides with Cazenove Capital’s recent recognition as ESG / Impact Manager of the Year at the Magic Circle Awards, as well as achieving verification from BlueMark – a leading Impact Reporting consultant.
ENDS
Sources
- Source: Sustainable Growth Fund: Sustainability and Impact Annual Report 2022. See footnotes ‘How we calculate our Impact.’
- MSCI, based on the scope one and two carbon emissions relating to the equities, as compared to the carbon emissions of the MSCI ACWI index.
- The United Nations Intergovernmental Panel on Climate Change Report 2018.
- BlueMark is a leading independent provider of impact verification services. BlueMark is a subsidiary of Tideline Advisors, LLC, a specialised consulting firm that designs and implements best-in-class impact management and measurement systems.
For further information, please contact:
Estelle Bibby
Head of Marketing and Communications, Schroders Wealth Management
+44 20 7658 3431
estelle.bibby@schroders.com
Laura Keeble
Marketing Manager, Cazenove Capital
+44 20 7658 1615
laura.keeble@cazenovecapital.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 £98.1 billion in assets under management globally across all Wealth Management offices (including Benchmark Capital, part of wealth management) as at 31 December 2022.
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 recorded or monitored.