Cazenove Capital has today published Intentional Investing 2020, a new report that shows a continued increase in the number of charities adopting responsible investment policies and a significant rise in climate change policies and divestment from fossil fuels.
The report highlights key trends and developments in practice and attitudes among UK charity investors over the last five years. The research is based on a survey of long-term charity investors which had 295 respondents between January and March 2020.
- 77% of charity investors have decided to adopt a policy to link their mission to their investments, compared to 59% in 2015
- Fewer charity investors think that responsible investment reduces financial returns, with more expecting an increased return
- Significant increase in exclusionary policies for fossil fuels – 33% of policies exclude fossil fuels from portfolios, up from just 4% in 2015 report
- Most policies seek primarily to avoid harm, although there has been an increase in the number of charities striving to have a positive impact with their investments
Kate Rogers, Co-Head of Charities at Cazenove Capital commented:
“It is encouraging to see more charity investors aligning their investments with their mission and we are pleased to see evidence that this is moving beyond just excluding areas of harm.
“Many of our clients are working with us to set a clear intention with their investment policies. This is translated into positive impact both by avoiding harm and investing in solutions such as sustainable infrastructure, social housing and renewable energy.
“The significant uptick in climate change policies has mirrored wider social consciousness and we expect this to continue to broaden to include people alongside planet. We are keen to challenge the companies in which we invest, and be challenged by our clients to show how we are accelerating the transition towards a sustainable economy.”
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