Fund Name SRI Style Product Region Asset Type Launch Date
OMR EdenTree Responsible & Sustainable European Equity Life Ethical Life Europe ex UK Equity 17/10/08

Objectives

To achieve long-term capital growth over five years or more with an income through a diversified portfolio of European (ex-UK) companies. The EdenTree Responsible and Sustainable European Equity Fund aims to invest at least 80% in European (ex-UK) companies by investing in companies which make a positive contribution to society and the environment through sustainable and socially responsible practices.

 

Fund Size: £0.27m

As at: 30/09/21

ISIN: GB00B3DD1H06


Contact: adam.kelly@edentreeim.com

Sustainable, Responsible &/or ESG Overview

This life product is linked to the " EdenTree Responsible & Sustainable European Equity” fund. The following information refers to the primary (OIEC) fund.

 

We follow a ‘Performance with Principles’ investment approach. We hold to the belief that long-term returns are more likely to be achieved by investing responsibly in sustainable businesses and therefore seek companies that generate returns without future detriment to the environment and society. We consider both the financial and responsible research, risks and opportunities, with the goal of identifying the best opportunities to deliver long-term returns for clients.


The strategy’s core philosophy is based on our view that a material source of market inefficiency lies in the relatively low level of analysis embedding sustainable and responsible factors. We fully integrate responsible and sustainable criteria into our stock selection and investment management processes. We firmly believe a well-developed approach to managing Environmental, Social and Governance (ESG) factors are more likely to offer superior risk adjusted, long-term investment potential, and are less likely to expose our clients to future reputational risk.

Primary fund last amended: 08/02/24 03:30

Information received directly from Fund Manager

Please select what you would like to read:
  • Fund Filters

    Sustainability

    Environmental policy

    Sustainability policy

    Limits exposure to carbon intensive industries

    Resource efficiency policy or theme

    Sustainable transport policy or theme

    Sustainability theme or focus

    Environmental damage and pollution policy

    Favours cleaner, greener companies

    Waste management policy or theme

    Sustainability focus

    Encourage more sustainable practices through stewardship

    Circular economy theme

    Nature & Biodiversity

    Deforestation / palm oil policy

    Plastics policy / reviewing plastics

    Biodiversity / nature policy

    Nature / biodiversity based solutions theme

    Nature / biodiversity focus

    Responsible palm oil policy

    Sustainable fisheries policy

    Nature / biodiversity protection policy

    Water stewardship policy

    Climate Change & Energy

    Nuclear exclusion policy

    Coal, oil & / or gas majors excluded

    Climate change / greenhouse gas emissions policy

    Invests in clean energy / renewables

    Fracking and tar sands excluded

    Clean / renewable energy theme or focus

    Arctic drilling exclusion

    Fossil fuel reserves exclusion

    Energy efficiency theme

    Require net zero action plan from all/most companies

    Encourage transition to low carbon through stewardship activity

    Fossil fuel exploration exclusion - direct involvement

    Targeted Positive Investments

    Invests >25% of fund in environmental/social solutions companies

    Human Rights

    Human rights policy

    Child labour exclusion

    Responsible supply chain policy or theme

    Oppressive regimes (not free or democratic) exclusion policy

    Modern slavery exclusion policy

    Social / Employment

    Social policy

    Favours companies with strong social policies

    Meeting Peoples' Basic Needs

    Water / sanitation policy or theme

    Healthcare / medical theme

    Ethical Values Led Exclusions

    Ethical policies

    Animal welfare policy

    Tobacco production avoided

    Armaments manufacturers avoided

    Alcohol production excluded

    Gambling avoidance policy

    Pornography avoidance policy

    Animal testing - excluded except if for medical purposes

    Civilian firearms production exclusion

    Banking & Financials

    Predatory lending exclusion

    Governance & Management

    Governance policy

    Anti-bribery and corruption policy

    Avoids companies with poor governance

    Digital / cyber security policy

    Encourage board diversity e.g. gender

    Encourage TCFD alignment for banks & insurance companies

    UN sanctions exclusion

    Encourage higher ESG standards through stewardship activity

    Fund Governance

    ESG integration strategy

    ESG factors included in Assessment of Value (AoV) report

    Employ external (fund) oversight or advisory committee

    Asset Size & Metrics

    Over 50% large cap companies

    Invests in small, mid and large cap companies

    Invests mostly in large cap companies

    How The Fund Works

    Single resource theme or focus

    Strictly screened ethical fund

    Positive selection bias

    Negative selection bias

    Norms focus

    Combines norms based exclusions with other SRI criteria

    Combines ESG strategy with other SRI criteria

    Focus on ESG risk mitigation

    Significant harm exclusion

    SRI / ESG / Ethical policies explained on website

    All assets (except cash) meet published sustain'y criteria

    Impact Methodologies

    Aims to generate positive impacts (or 'outcomes')

    Invests in environmental solutions companies

    Invests in social solutions companies

    Invests in sustainability / ESG disruptors

    Aim to deliver positive impacts through engagement

    Labels & Accreditations

    RSMR rated (OEIC funds only)

    Eurosif Transparency

    Intended Clients & Product Options

    Faith friendly

    Available via an ISA (OEIC only)

    Fund management company information

    About The Business

    ESG / SRI engagement (AFM company wide)

    Responsible ownership / stewardship policy (AFM company wide)

    Responsible ownership / ESG a key differentiator (AFM company wide)

    Vote all* shares at AGMs / EGMs (AFM company wide)

    Diversity, equality & inclusion engagement policy (AFM company wide)

    Sustainable property strategy (AFM company wide)

    Specialist positive impact fund management company

    Boutique / specialist fund management company

    Integrates ESG factors into all / most fund research

    In-house diversity improvement programme (AFM company wide)

    Just Transition policy on website (AFM company wide)

    Invests in newly listed companies (AFM company wide)

    Invests in new sustainability linked bond issuances (AFM company wide)

    Offer structured intermediary training on sustainable investment

    Offer unstructured intermediary sustainable investment training

    Resources

    In-house responsible ownership / voting expertise

    Employ specialist ESG / SRI / sustainability researchers

    Use specialist ESG / SRI / sustainability research companies

    ESG specialists on all investment desks (AFM company wide)

    Collaborations & Affiliations

    PRI signatory

    UKSIF member

    Climate Action 100+ or IIGCC member

    Fund EcoMarket partner

    Investment Association (IA) member

    Accreditations

    UK Stewardship Code signatory (AFM company wide)

    PRI A+ rated (AFM company wide)

    Engagement Approach

    Regularly lead collaborative ESG initiatives (AFM company wide)

    Encourage responsible corporate taxation (AFM company wide)

    Engaging on climate change issues

    Engaging to reduce plastics pollution / waste

    Engaging on biodiversity / nature issues

    Engaging to encourage a Just Transition

    Engaging on human rights issues

    Engaging on labour / employment issues

    Engaging on diversity, equality and / or inclusion issues

    Engaging on governance issues

    Engaging on responsible supply chain issues

    Company Wide Exclusions

    Review(ing)carbon / fossil fuel exposure for all funds (AFM company wide)

    Coal exclusion policy (group wide coal mining exclusion policy)

    Coal divestment policy (AFM company wide)

    Controversial weapons avoidance policy (AFM company wide)

    Tobacco avoidance policy (AFM company wide)

    Fossil fuel exclusion policy (AFM company wide)

    Do not invest in companies with fossil fuel reserves

    Climate & Net Zero Transition

    Encourage carbon / greenhouse gas reduction (AFM company wide)

    In-house carbon / GHG reduction policy (AFM company wide)

    Publish 'CEO owned' Climate Risk policy (AFM company wide)

    Committed to SBTi / Science Based Targets Initiative

    Transparency

    Publish full voting record (AFM company wide)

    Publish responsible ownership / stewardship report (AFM company wide)

    Full SRI policy information on company website

    Full SRI policy information available on request

    Paris Alignment plan publicly available (AFM company wide)

  • Sustainable, Responsible &/or ESG Policy:

    The Fund seeks to avoid investment in certain areas such as companies which have a material involvement (10% or more) in alcohol and tobacco production, conventional weapon production, gambling, publication of violent or explicit materials, intensive farming, fossil fuel exploration and production and high interest (sub-prime) lending.

    The Fund will seek to avoid companies with material operations in oppressive regimes. The Fund has a proprietary means of assessing oppressive regime risk, and operates this on a case by case basis. It will also seek to avoid companies that have exposure to the manufacture of unconventional weapons where these are defined as nuclear, biological and chemical weapons, land mines and cluster bombs. Finally, the Fund will seek to avoid companies using animals to test cosmetic, beauty or household products. It will invest in pharmaceuticals companies that may conduct animal testing but will encourage the adoption of the 3R principles: refine, reduce, and replace.

    Our responsible and sustainable screening captures the quality and strength of a company’s approach to sustainable business. This includes assessing a diverse range of indicators including environment and climate change, conflict minerals, custody of supply in raw materials sourcing (e.g. timber) and pollution etc. By way of example when specifically assessing corporate sustainability as it relates to climate change we would analyse key indicators such as emissions disclosure, how targets are set, whether they are science based and ambitious enough to demonstrate commitment to a low carbon economy and whether the company is providing solutions that support climate resilience, mitigation and / or adaptation.


    The Fund favours companies that follow good Business Ethics, Corporate Governance, Employment & Labour practices, Environment and Climate Change Management, Human Rights, and Community Relations and is particularly positive on companies that contribute to Education, Health & Wellbeing, Social Infrastructure and Sustainable Solutions.

     

  • Process

    Our responsible and sustainable criteria form a core part of our investment approach and are integrated into our stock selection and management processes. Our dedicated in-house team of responsible investment (RI) analysts considers each of our investments on the basis of their Environmental, Social and Governance (ESG) credentials and long-term sustainable return potential. We believe that those companies which have a well-developed approach to managing ESG risk are more likely to offer good quality, long term investment potential.

    EdenTree has been a long term proponent of investing with the aim of spreading risk. Our portfolios are well diversified and comprising 50-70 stocks. with a typical new holding being around 1% and no stock accounting for more than 5% of a fund. We use a broad spread of counterparties and do not participate in stock lending. We strongly believe in the merits of low portfolio turnover, believing that high trading activity acts as a drag on performance.

     We pride ourselves on our independent thought and analysis, and are not afraid to adopt positions which do not conform to conventional thinking or prevailing consensus. We do not have model portfolios or preferred stock lists, preferring to give Fund Managers the flexibility and responsibility to implement investment strategies that best match the needs of our investors. Finally, our investment process places a strong emphasis on portfolio diversification at all levels, including geographical, sector, company size and investment theme, with the aim of reducing risk.

     

    Research

    Our RI team regularly publish expert briefs and opinion pieces, which help to inform our clients and drive idea generation within our investment team. The RI team also produces our flagship EdenTree Insight publications from time to time, which provide a sustainable perspective on some of the biggest challenges facing our world today and how we, as responsible and sustainable investors can be a part of the solution.

    Our fund managers also regularly write on a range of industry topics, from macro-economic and geo-political viewpoints through to individual stock ideas and how they are finding opportunities that align with our responsible and sustainable investment approach.

    As well as our own in-house research (including special thematic reports) we use a range of sources, including independent data from ISS ESG in respect of Environmental, Social, Governance (ESG) issues, although we do not rely on ISS ratings for our decision-making process.

  • Resources, Affiliations & Corporate Strategies

    EdenTree has a specialist, dedicated RI Team which comprises five people.

    • Neville White, Head of RI Policy & Research – Neville is the RI Team Governance lead and is responsible for policy and strategy.
    • Rita Wyshelesky, Senior Responsible Investment Analyst – Rita leads on Thematic, Sustainability and Impact supporting the team with screening, engagement and research.
    • Carlota Esguevillas, Senior Responsible Investment Analyst – Carlota leads EdenTree’s work on social topics such as human rights, diversity and workforce issues supporting the team with screening, engagement and research.
    • Amelia Gaston, Responsible Investment Analyst – Amelia supports the team with screening, engagement and research and is the environment and climate change lead.
    • Cordelia Dower-Tylee, Responsible Investment Analyst – Cordelia supports the team in all aspects of responsible investing.


    Responsible and sustainable factors are fully integrated into the investment management process, with our Fund Managers and RI Team working side by side to generate ideas, analyse opportunities, create meaningful and diversified portfolios, and undertake ongoing evaluation and engagement.

    Our basic ESG risk analysis is provided by ISS-ESG which provides core ESG disclosure data as well as rating each company within an industrial sector peer group across E, S & G pillars; this rating is used solely as a guide as suitability is driven by our in-house screening process.

    Our RI team conducts additional research and analysis from publicly available materials including:

    • Company literature (annual reports, websites and sustainability reports)
    • Industry or trade body publications and websites
    • NGO reports and websites e.g. Banktrack
    • Government and academic research
    • Investor benchmark initiatives


    EdenTree has been a proud signatory of the PRI since 2012. For more information on how EdenTree works with the PRI please see our PRI transparency report here and PRI Assessment Report here
    Whilst asset managers are able, and often choose, to omit or hide specific sections of the PRI Transparency Report, EdenTree publish the full report for complete transparency. For the PRI Assessment Report, we also publish the full report here. In 2021, EdenTree achieved a 4 star rating for our Investment & Stewardship Policy.

    Other signatory partnerships include:

    • Principles of Responsible Investing;
    • Institutional Investors Group on Climate Change (IIGCC);
    • CDP (formerly Carbon Disclosure Project);
    • Access to Nutrition Index (ATNI);
    • Access to Medicines Index (ATMI);
    • Business Benchmark on Farm Animal Welfare (BBFAW);
    • Corporate Human Rights Benchmark (CHRB);
    • Farm Animal Investment Risk & Return;
    • Workforce Disclosure Initiative (WDI);
    • Montréal Pledge;
    • Paris Pledge;
    • LSE Financing a Just Transition Alliance;
    • UK Sustainable Investment & Finance Association;
    • 30% Club on Diversity;
    • Global Impact Investing Network;
    • World Benchmarking Alliance;


    We believe that these key signatory partnerships signals our commitment to having an active and positive role in our investment community, achieving more than which we can achieve ourselves. Collaborations are critical to achieving this, whilst learning from expert sources allows us to provide more for our clients and supporting initiatives truly helps to gain momentum. We have been a signatory to the UK Stewardship Code since inception (Tier I).


    Responsible Investment Panel Review

    The Responsible Investment Advisory Panel (“Panel”) meet three times each year to review the Responsible & Sustainable Fund portfolios, the recent investment decisions and to discuss the latest responsible and sustainable research and trends. The purpose of the Panel is to:

    • Help to ensure that the EdenTree Responsible & Sustainable Range of Funds meet the stated aims and objectives. 
    • Provide advice in the formulation of policy in the light of changing social and environmental issues.

    The Panel will provide advice to the RI team in a number of ways:

    • Advising on emerging issues or topics relevant to RI criteria.
    • Provide advice and guidance on individual companies or sectors, and engagement work.

    The Panel is made up of a number of industry experts, including:

    • The Right Reverend Dr Nigel Peyton – Panel Chair
    • Mike Barry – Former Director of Sustainable Business
    • Julie McDowell – Independent Consultant
    • Julian Parrott – Client Member, Ethical Futures
    • Bill Seddon – Former CEO CFB Methodist Church
    • Sue Round – Chair of EdenTree Investment Management ACD Board and former CEO
    • Annette Ferguson – Independent Consultant (former Head of Sustainable Business at Vodafone)
    • Paul Simpson OBE – Strategic Advisor (former CEO of CDP)

     

Fund Name DS SRI Style Product Region Asset Type Launch Date
OMR EdenTree Responsible & Sustainable European Equity Life Ethical Life Europe ex UK Equity

Fund Size: £0.27

Total screened & themed / SRI assets: £

Total Responsible Ownership assets: £

Total assets under management: £

As at: 30/09/21

Sustainable, Responsible &/or ESG Policy:

The Fund seeks to avoid investment in certain areas such as companies which have a material involvement (10% or more) in alcohol and tobacco production, conventional weapon production, gambling, publication of violent or explicit materials, intensive farming, fossil fuel exploration and production and high interest (sub-prime) lending.

The Fund will seek to avoid companies with material operations in oppressive regimes. The Fund has a proprietary means of assessing oppressive regime risk, and operates this on a case by case basis. It will also seek to avoid companies that have exposure to the manufacture of unconventional weapons where these are defined as nuclear, biological and chemical weapons, land mines and cluster bombs. Finally, the Fund will seek to avoid companies using animals to test cosmetic, beauty or household products. It will invest in pharmaceuticals companies that may conduct animal testing but will encourage the adoption of the 3R principles: refine, reduce, and replace.

Our responsible and sustainable screening captures the quality and strength of a company’s approach to sustainable business. This includes assessing a diverse range of indicators including environment and climate change, conflict minerals, custody of supply in raw materials sourcing (e.g. timber) and pollution etc. By way of example when specifically assessing corporate sustainability as it relates to climate change we would analyse key indicators such as emissions disclosure, how targets are set, whether they are science based and ambitious enough to demonstrate commitment to a low carbon economy and whether the company is providing solutions that support climate resilience, mitigation and / or adaptation.


The Fund favours companies that follow good Business Ethics, Corporate Governance, Employment & Labour practices, Environment and Climate Change Management, Human Rights, and Community Relations and is particularly positive on companies that contribute to Education, Health & Wellbeing, Social Infrastructure and Sustainable Solutions.

 

Sustainable, Responsible &/or ESG Process:

Our responsible and sustainable criteria form a core part of our investment approach and are integrated into our stock selection and management processes. Our dedicated in-house team of responsible investment (RI) analysts considers each of our investments on the basis of their Environmental, Social and Governance (ESG) credentials and long-term sustainable return potential. We believe that those companies which have a well-developed approach to managing ESG risk are more likely to offer good quality, long term investment potential.

EdenTree has been a long term proponent of investing with the aim of spreading risk. Our portfolios are well diversified and comprising 50-70 stocks. with a typical new holding being around 1% and no stock accounting for more than 5% of a fund. We use a broad spread of counterparties and do not participate in stock lending. We strongly believe in the merits of low portfolio turnover, believing that high trading activity acts as a drag on performance.

 We pride ourselves on our independent thought and analysis, and are not afraid to adopt positions which do not conform to conventional thinking or prevailing consensus. We do not have model portfolios or preferred stock lists, preferring to give Fund Managers the flexibility and responsibility to implement investment strategies that best match the needs of our investors. Finally, our investment process places a strong emphasis on portfolio diversification at all levels, including geographical, sector, company size and investment theme, with the aim of reducing risk.

 

Research

Our RI team regularly publish expert briefs and opinion pieces, which help to inform our clients and drive idea generation within our investment team. The RI team also produces our flagship EdenTree Insight publications from time to time, which provide a sustainable perspective on some of the biggest challenges facing our world today and how we, as responsible and sustainable investors can be a part of the solution.

Our fund managers also regularly write on a range of industry topics, from macro-economic and geo-political viewpoints through to individual stock ideas and how they are finding opportunities that align with our responsible and sustainable investment approach.

As well as our own in-house research (including special thematic reports) we use a range of sources, including independent data from ISS ESG in respect of Environmental, Social, Governance (ESG) issues, although we do not rely on ISS ratings for our decision-making process.

Resources, Affiliations & Corporate Strategies

EdenTree has a specialist, dedicated RI Team which comprises five people.

  • Neville White, Head of RI Policy & Research – Neville is the RI Team Governance lead and is responsible for policy and strategy.
  • Rita Wyshelesky, Senior Responsible Investment Analyst – Rita leads on Thematic, Sustainability and Impact supporting the team with screening, engagement and research.
  • Carlota Esguevillas, Senior Responsible Investment Analyst – Carlota leads EdenTree’s work on social topics such as human rights, diversity and workforce issues supporting the team with screening, engagement and research.
  • Amelia Gaston, Responsible Investment Analyst – Amelia supports the team with screening, engagement and research and is the environment and climate change lead.
  • Cordelia Dower-Tylee, Responsible Investment Analyst – Cordelia supports the team in all aspects of responsible investing.


Responsible and sustainable factors are fully integrated into the investment management process, with our Fund Managers and RI Team working side by side to generate ideas, analyse opportunities, create meaningful and diversified portfolios, and undertake ongoing evaluation and engagement.

Our basic ESG risk analysis is provided by ISS-ESG which provides core ESG disclosure data as well as rating each company within an industrial sector peer group across E, S & G pillars; this rating is used solely as a guide as suitability is driven by our in-house screening process.

Our RI team conducts additional research and analysis from publicly available materials including:

  • Company literature (annual reports, websites and sustainability reports)
  • Industry or trade body publications and websites
  • NGO reports and websites e.g. Banktrack
  • Government and academic research
  • Investor benchmark initiatives


EdenTree has been a proud signatory of the PRI since 2012. For more information on how EdenTree works with the PRI please see our PRI transparency report here and PRI Assessment Report here
Whilst asset managers are able, and often choose, to omit or hide specific sections of the PRI Transparency Report, EdenTree publish the full report for complete transparency. For the PRI Assessment Report, we also publish the full report here. In 2021, EdenTree achieved a 4 star rating for our Investment & Stewardship Policy.

Other signatory partnerships include:

  • Principles of Responsible Investing;
  • Institutional Investors Group on Climate Change (IIGCC);
  • CDP (formerly Carbon Disclosure Project);
  • Access to Nutrition Index (ATNI);
  • Access to Medicines Index (ATMI);
  • Business Benchmark on Farm Animal Welfare (BBFAW);
  • Corporate Human Rights Benchmark (CHRB);
  • Farm Animal Investment Risk & Return;
  • Workforce Disclosure Initiative (WDI);
  • Montréal Pledge;
  • Paris Pledge;
  • LSE Financing a Just Transition Alliance;
  • UK Sustainable Investment & Finance Association;
  • 30% Club on Diversity;
  • Global Impact Investing Network;
  • World Benchmarking Alliance;


We believe that these key signatory partnerships signals our commitment to having an active and positive role in our investment community, achieving more than which we can achieve ourselves. Collaborations are critical to achieving this, whilst learning from expert sources allows us to provide more for our clients and supporting initiatives truly helps to gain momentum. We have been a signatory to the UK Stewardship Code since inception (Tier I).


Responsible Investment Panel Review

The Responsible Investment Advisory Panel (“Panel”) meet three times each year to review the Responsible & Sustainable Fund portfolios, the recent investment decisions and to discuss the latest responsible and sustainable research and trends. The purpose of the Panel is to:

  • Help to ensure that the EdenTree Responsible & Sustainable Range of Funds meet the stated aims and objectives. 
  • Provide advice in the formulation of policy in the light of changing social and environmental issues.

The Panel will provide advice to the RI team in a number of ways:

  • Advising on emerging issues or topics relevant to RI criteria.
  • Provide advice and guidance on individual companies or sectors, and engagement work.

The Panel is made up of a number of industry experts, including:

  • The Right Reverend Dr Nigel Peyton – Panel Chair
  • Mike Barry – Former Director of Sustainable Business
  • Julie McDowell – Independent Consultant
  • Julian Parrott – Client Member, Ethical Futures
  • Bill Seddon – Former CEO CFB Methodist Church
  • Sue Round – Chair of EdenTree Investment Management ACD Board and former CEO
  • Annette Ferguson – Independent Consultant (former Head of Sustainable Business at Vodafone)
  • Paul Simpson OBE – Strategic Advisor (former CEO of CDP)

 

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