Cazenove Capital has published its 2023 Sustainability and Impact Reports that evaluate the impact the firm’s funds have made over the year.
The reports analyse the estimated impact achieved over 2023 for their Sustainable Multi-Asset Fund, the Sustainable Growth Fund and Sustainable Balanced Fund. Each report contains insights into the sustainability characteristics of the portfolio such as the alignment to a net zero scenario, and case studies on the impact created by the investments and company engagements.
Cazenove estimates that the aggregated impact achieved across the three sustainable funds has avoided an estimated 348,000 tonnes of carbon through the creation of clean energy and water treatment.
Key highlights across the three sustainable funds include:
• Each of the funds have financially outperformed, compared to the relevant peer group indices, since their inception.
• 100% of the investments act to avoid harm.
• Over a quarter of the funds are materially contributing to the UN’s sustainable development goals (SDGs).
• 2/3rds of the holdings have been actively engaged with over 2023.
• 45% of the Fund’s investment team are female and 35% of the Fund’s investment team are from diverse social backgrounds.
• Our Impact and Sustainability Reporting has been independently verified by BlueMark.
Lyn Tomlinson, Head of Impact Solutions, Cazenove Capital said, “At the time of publishing our 2023 Sustainability and Impact Reports, we have seen the hottest March on record. We have just 68 months to halve global emissions8 if we are to limit temperature rises to a level which avoids the most negative impacts of climate breakdown.
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. We believe that who allocates capital matters, and as a result, this year, we are delighted to report the racial, social and gender diversity of the teams managing our sustainable funds.”