Cazenove Capital publishes its 2024 Sustainability and Impact Reports
Cazenove Capital has published its latest Sustainability and Impact Investment Reports for its flagship sustainable funds.
Cazenove Capital, the wealth management businesses of Schroders in the UK, has published its latest Sustainability and Impact Reports for its three flagship sustainable funds – the Sustainable Multi-Asset Fund for charities, and the Sustainable Growth and Sustainable Balanced Funds for private individuals. This is the fifth year that Cazenove Capital has produced these reports, each of which looks back at the estimated outcomes achieved over the previous year, 2024.
The reports illustrate how each of the funds are achieving their dual objectives: to generate competitive financial returns alongside benefits for people and the planet. Readers will find detailed insight into the funds’ sustainability characteristics, such as the alignment to net zero, case studies on the real-world outcomes created by the investments and our engagement efforts.
Estimated aggregated impact achieved across our three flagship sustainable funds over 2024:
- Reached an estimated 292,183 people, through the provision of vital services such as housing, education and financial inclusion.1
- Avoided an estimated 87,817 tonnes of carbon, through creation of clean energy and waste and water treatment. Which is the equivalent carbon storage capacity of growing over 1.5 million trees for 10 years.1
Key highlights across the three funds:
- Each of the funds have financially outperformed, compared to the relevant peer group indices, since their inception.2
- 100% of the investments in the funds avoid harm.
- A third of the funds are materially contributing to the UN’s sustainable development goals (SDGs).3
- 2/3rds of the holdings have been actively engaged with over 2024.4 We are committed to using our influence to push for progress and have engaged directly with companies we invest in and with asset managers whose funds we invest through.
- 57% of the fund's investment team are female and 35% are from diverse social backgrounds.5
This year, we are pleased to announce our partnership with three charities to further the impact of our flagship sustainable funds – 10% for the Ocean to support ocean conservation, Fauna and Flora to protect biodiversity loss, and Acumen, an initiative to ensure climate justice. The reports summarise how these partnerships are delivering impact, with, importantly, no cost passed to our investors.
Similarly, we’re proud that each of our sustainable funds adopted the Financial Conduct Authority’s (FCA) “Sustainability Focus” label on the 1 April 2025, under the new Sustainability Disclosure Requirements (SDR). The adoption of the labels reinforces Cazenove Capital’s commitment to a robust sustainable investment approach, and to managing investments in line with our clients’ values.
To view the Sustainability and Impact Reports, you can click here.
Lyn Tomlinson, Head of Impact and Philanthropy, Cazenove Capital commented:
“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”.
Emilie Shaw, Sustainable Solutions Lead, Cazenove Capital said:
“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.”
[1] Impact metric data provided, in part by Net Purpose. Data shown reflects the notional aligned impact calculated for the positions held in the funds as at the 31 December 2024. The positive outcomes are 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 funds are aligned with these outcomes 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 data available as reported by the companies and fund managers in which we invest to estimate these metrics and apportion it according to our holding size. We translate the metrics into more meaningful comparisons using the following conversion ratios: Over a decade, the average urban tree captures and stores 60kg of carbon dioxide from the atmosphere (Source: Environmental Protection Agency). Where data is not available estimates may be used. Metrics provided, in part by Net Purpose.
[2] Performance in GBP based on net fund returns and is net of underlying fund fees and trading costs. SUTL Cazenove Charity Multi-Asset Fund inception 1st August 2018 and SUTL Cazenove Sustainable Growth Fund inception 1st February 2021 compared to ARC Steady Growth GBP PCI Index. SUTL Cazenove Sustainable Balanced Fund inception 29th April 2022 compared to ARC Steady Balanced GBP PCI Index. 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. Stated % investments which Benefit stakeholders or contribute to solutions defined by Cazenove Capitals sustainable investment methodology.
[3] Based on Cazenove Capital’s assessment using a proprietary framework
[4] Engagement across the holdings based on weight in the Funds as at 31 December 2024.
[5] Socio-economic background refers to the occupation of the employee’s parent, where that parent was the household’s primary earner.