Fund Name SRI Style Product Region Asset Type Launch Date
OMR Premier Miton Ethical Ethical Life UK Equity 09/06/06

Objectives

The objective of the fund is to provide capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested.

 

Fund Size: £2.71m

As at: 30/09/21

ISIN: GB00B16TCY50


Contact: contactus@premiermiton.com

Sustainable, Responsible &/or ESG Overview

This Life product is linked to the "Premier Miton Responsible UK Equity"  fund. The following information refers to the primary (OIEC) fund.

 

An actively managed portfolio which aims to provide long term capital growth through investment in companies that act responsibly, those with a strong Environmental, Social and Governance profile and those that the fund managers believe are part of long term themes that have a positive influence on society and the environment. Long term themes include health and education (physical health, mental health and well-being, education and social development), protecting the planet (clean energy, resource efficiency, sustainable infrastructure and cities) and enhancing society (good employment practices, reducing inequality, sustainable economy and finance);

 

The fund has a Committee of Reference, comprising of independent, experienced individuals from a range of backgrounds. Alongside Premier Miton, the committee is responsible for reviewing and amending, where necessary, the responsible investing and ESG criteria, themes and exclusions.

Primary fund last amended: 12/07/23 05:36

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

    Sustainability theme or focus

    Environmental damage and pollution policy

    Sustainability focus

    UN Sustainable Development Goals (SDG) focus

    Encourage more sustainable practices through stewardship

    Climate Change & Energy

    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

    Energy efficiency theme

    Fossil fuel exploration exclusion - direct involvement

    Human Rights

    Human rights policy

    Child labour exclusion

    Social / Employment

    Social policy

    Diversity, equality & inclusion Policy (fund level)

    Labour standards policy

    Meeting Peoples' Basic Needs

    Healthcare / medical theme

    Ethical Values Led Exclusions

    Ethical policies

    Animal welfare policy

    Animal testing exclusion policy

    Tobacco production avoided

    Armaments manufacturers avoided

    Gambling avoidance policy

    Pornography avoidance policy

    Animal testing - excluded except if for medical purposes

    Governance & Management

    Governance policy

    Anti-bribery and corruption policy

    Avoids companies with poor governance

    Encourage board diversity e.g. gender

    Encourage higher ESG standards through stewardship activity

    Fund Governance

    ESG integration strategy

    Employ external (fund) oversight or advisory committee

    External (fund) committee has veto powers

    Asset Size & Metrics

    Over 50% small / mid cap companies

    Invests in small, mid and large cap companies

    How The Fund Works

    Balances company 'pros and cons' / best in sector

    Positive selection bias

    Negative selection bias

    Combines ESG strategy with other SRI criteria

    SRI / ESG / Ethical policies explained on website

    Assets mapped to SDGs

    Converted from ‘non ESG’ strategy

    Impact Methodologies

    Invests in environmental solutions companies

    Intended Clients & Product Options

    Intended for investors interested in ESG / sustainability

    Available via an ISA (OEIC only)

    Fund management company information

    About The Business

    Responsible ownership / stewardship policy (AFM company wide)

    Responsible ownership policy for non SRI funds (AFM company wide)

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

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

    Integrates ESG factors into all / most fund research

    In-house diversity improvement programme (AFM company wide)

    Invests in newly listed companies (AFM company wide)

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

    Resources

    In-house responsible ownership / voting expertise

    Employ specialist ESG / SRI / sustainability researchers

    Use specialist ESG / SRI / sustainability research companies

    Collaborations & Affiliations

    PRI signatory

    Climate Action 100+ or IIGCC member

    UN Net Zero Asset Owners / Managers Alliance member

    Investment Association (IA) member

    Accreditations

    UK Stewardship Code signatory (AFM company wide)

    Engagement Approach

    Engaging on climate change issues

    Engaging with fossil fuel companies on climate change

    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

    Controversial weapons avoidance policy (AFM company wide)

    Climate & Net Zero Transition

    Encourage carbon / greenhouse gas reduction (AFM company wide)

    Net Zero commitment (AFM company wide)

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

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

    Voting policy includes net zero targets (AFM company wide)

    Transparency

    Publish full voting record (AFM company wide)

    Publish responsible ownership / stewardship report (AFM company wide)

    Full SRI policy information on company website

  • Sustainable, Responsible &/or ESG Policy:

    The fund focus on companies that act responsibly, those with a strong Environmental, Social and Governance (ESG) profile and those that are part of long term themes that have a positive influence on society and the environment. The managers will analyse a company on a wide range of responsible factors including specific ESG criteria and will use this information to ensure it meets the required standards. At least 90% of the fund’s assets will meet both ESG and responsible investing criteria and theme alignment. The fund managers will not invest in companies that they believe have a negative societal or environmental impact.

    Further details are available in the Fund Responsible Investing Policy available on our website at: https://corporate-premiermiton.huguenots.co.uk/srp/lit/7qe3rG/Ethical-policy-and-committee-of-reference_Premier-Miton-Responsible-UK-Equity-Fund_14-12-2021.pdf

  • Process

    The fund managers focus on companies that act responsibly, those with a strong Environmental, Social and Governance (ESG) profile and those that are part of long term themes that have a positive influence on society and the environment. The managers will analyse a company on a wide range of responsible factors including specific ESG criteria and will use this information to ensure it meets the required standards. At least 90% of the fund’s assets will meet both ESG and responsible investing criteria and theme alignment. The fund managers will not invest in companies that they believe have a negative societal or environmental impact.

     

    ESG criteria

    The analysis of companies will include the following ESG criteria:

    • Corporate governance – female representation on boards, remuneration structure, efficacy of auditors, disclosures Management – tenue, capability, clarity of strategy and policies
    • Environmental and social impact – carbon emissions, resource usage and intensity, supply chain management, business ethics

     

    Excluding companies with negative impacts

    The fund managers will not invest in companies that they believe have a negative societal or environmental impact, including those companies:

    • with major tobacco interests
    • with major business in gambling
    • with major business involvement in fossil fuels
    • involved in violent or pornographic material
    • that promote the irresponsible use of alcohol
    • that damage the environment
    • that contravene human rights
    • involved in animal cruelty or testing (except if required by regulators for testing in a specific jurisdiction) that pursue aggressive tax avoidance policies
    • that manufacture armaments

     

    The fund managers focus on fundamental research of individual companies. Broad economic conditions will have an influence on that analysis rather than being the major driver of the decision making process.

    The research includes detailed analysis of a company’s financial strength and competitive position. The financial strength will be determined by the analysis of profitability and cash generation with the aim of selecting companies that are financially strong enough to prosper in changing economic environments. A company’s competitive position will be assessed through analysis of its range of products or services, the nature of the industry in which it operates, intellectual property rights and patent protection amongst a range of other factors.

     

    The portfolio of investments will be actively managed and will be spread across a number of industries, sectors and different sized companies to reduce investment risk. Companies that satisfy the investment criteria typically operate in faster growing sub-sectors of the economy that should be less affected by changing economic conditions.

     

    Once a company has been identified as a potential investment, a range of valuation measures are employed with the aim of purchasing the shares at an attractive price.

     

    Once purchased, the company is monitored to ensure that the investment case remains robust and the valuation of the shares is not too high. Should either of those factors not be met, the shares will be considered for disposal. Similarly, should the company fail to maintain the necessary standard of responsible or ESG or exclusion criteria, it will be divested.

     

  • Resources, Affiliations & Corporate Strategies

    In-House Resources

    Premier Miton’s Head of Responsible Investing is part of the investment team and brings significant experience and skills to further enhance our responsible investing approach and to ensure that we are well positioned to manage current and prospective clients’ money in a world that is increasingly focusing on sustainability. Responsible investing activities are directed by Premier Miton’s Chief Investment Officer with implementation led by our Head of Responsible Investing supported by an RI analyst alongside the investment team. Oversight of activities, as well as reviewing the related policies, is provided by Premier Miton’s investment and product governance structures.

     

    External Resources

    The fund managers subscribe to a number of independent providers of ESG data and research including Ethical Screening, ISS (Governance Quality Score, Climate Solutions, Fossil Fuels and Extractives Norms-Based Research and Proxy Voting Research), Sustainalytics ESG Risk Scores, CDP global disclosure data, Transition Pathway initiative data and Bloomberg.

     

    Memberships and Affiliations

    Premier Miton is a signatory to or participant in a number of stewardship and responsible investing related initiatives and industry bodies:

    • UN PRI - We became a signatory to the PRI in January 2020, and we are committed to upholding its principles and supporting the investment industry in acting more responsibly. Our first PRI Assessment was undertaken in 2021 where we received a score of 3/5 stars for Investment & Stewardship Policy. We find this reporting process a useful benchmark as we further enhance our approach to responsible investing. We believe that significant progress has been made since our first assessment and look forward to updating our reporting in the next cycle due in 2023.
    • Net Zero Asset Managers - We became a signatory to the Net Zero Asset Managers initiative (NZAM) in November 2022 to support the goal of net zero carbon emissions by 2050 or sooner. We are developing our net zero strategy which will guide us in reducing both our operational emissions as well as our portfolio emissions from the companies we invest in.
    • Investor Forum - In 2022 Premier Miton became a member of the Investor Forum, a formalised group of institutional investors that facilitate collective engagement on material issues with listed UK companies. The aim is to position stewardship at the heart of the investment decision-making process by facilitating dialogue and creating long term solutions that help build trust between companies and their shareholders. As members, we will be strengthened in our ability to engage with and influence investee companies on environmental, social and governance matters.
    • Climate Action 100+ - In December 2021 Premier Miton joined Climate Action 100+, a global investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. As signatories, our aim is to mitigate investment exposure to climate related risks and help secure ongoing sustainable returns for investors through collaborative engagement activities that hold select companies to account on their disclosure and climate related commitments.
    • Carbon Disclosure Programme (CDP) - In 2020 we participated for the first time in CDP by submitting a climate change disclosure for Premier Miton Group plc. The aim of this work is to set an internal benchmark for climate risk management and to highlight areas where we need to improve. For our third year of completion in 2022 we achieved a score of ‘B.’ This is above the ‘C’ global average and ‘B-‘ average for financial services companies. Within our overall score, we achieved an ‘A’ for Governance, ‘A’ for Risk Management Processes and ‘A-‘ for Business Strategy, Financial Planning & Scenario Analysis.
    • Votes Against Slavery - Modern slavery is a pervasive risk to business, supply chains, society and our economy. Rathbones convened the ‘Votes Against Slavery’ collaborative initiative to coordinate the response of the investment community and help provide the necessary accountability for and compliance to the UK Modern Slavery Act. Over 20 investment firms representing £3.2 trillion have since joined this initiative and collectively challenge FTSE350 companies that have failed to meet their reporting requirements. We have worked with this collaborative initiative since 2021 to engage with relevant companies held in our portfolios.
    • UK Stewardship Code - We are also delighted that our last application to the Financial Reporting Council has been accepted and we subsequently remained a signatory to the UK Stewardship Code in 2022.
    • Investment Association – We support the work of the Investment Association, participating in a number of committees and working groups, including the Sustainable and Responsible Investment Committee and attending the Sustainable Finance Disclosure Regulation Implementation Forum, Task Force on Climate-related Financial Disclosures (TCFD) Implementation Forum and inputting into other groups as required.
    • IIGCC - We joined the Institutional Investors Group on Climate Change in February 2023 to support our activities associated with the Net Zero strategy, including corporate engagement and public policy engagement.
Fund Name DS SRI Style Product Region Asset Type Launch Date
OMR Premier Miton Ethical Ethical Life UK Equity

Fund Size: £2.71

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 focus on companies that act responsibly, those with a strong Environmental, Social and Governance (ESG) profile and those that are part of long term themes that have a positive influence on society and the environment. The managers will analyse a company on a wide range of responsible factors including specific ESG criteria and will use this information to ensure it meets the required standards. At least 90% of the fund’s assets will meet both ESG and responsible investing criteria and theme alignment. The fund managers will not invest in companies that they believe have a negative societal or environmental impact.

Further details are available in the Fund Responsible Investing Policy available on our website at: https://corporate-premiermiton.huguenots.co.uk/srp/lit/7qe3rG/Ethical-policy-and-committee-of-reference_Premier-Miton-Responsible-UK-Equity-Fund_14-12-2021.pdf

Sustainable, Responsible &/or ESG Process:

The fund managers focus on companies that act responsibly, those with a strong Environmental, Social and Governance (ESG) profile and those that are part of long term themes that have a positive influence on society and the environment. The managers will analyse a company on a wide range of responsible factors including specific ESG criteria and will use this information to ensure it meets the required standards. At least 90% of the fund’s assets will meet both ESG and responsible investing criteria and theme alignment. The fund managers will not invest in companies that they believe have a negative societal or environmental impact.

 

ESG criteria

The analysis of companies will include the following ESG criteria:

  • Corporate governance – female representation on boards, remuneration structure, efficacy of auditors, disclosures Management – tenue, capability, clarity of strategy and policies
  • Environmental and social impact – carbon emissions, resource usage and intensity, supply chain management, business ethics

 

Excluding companies with negative impacts

The fund managers will not invest in companies that they believe have a negative societal or environmental impact, including those companies:

  • with major tobacco interests
  • with major business in gambling
  • with major business involvement in fossil fuels
  • involved in violent or pornographic material
  • that promote the irresponsible use of alcohol
  • that damage the environment
  • that contravene human rights
  • involved in animal cruelty or testing (except if required by regulators for testing in a specific jurisdiction) that pursue aggressive tax avoidance policies
  • that manufacture armaments

 

The fund managers focus on fundamental research of individual companies. Broad economic conditions will have an influence on that analysis rather than being the major driver of the decision making process.

The research includes detailed analysis of a company’s financial strength and competitive position. The financial strength will be determined by the analysis of profitability and cash generation with the aim of selecting companies that are financially strong enough to prosper in changing economic environments. A company’s competitive position will be assessed through analysis of its range of products or services, the nature of the industry in which it operates, intellectual property rights and patent protection amongst a range of other factors.

 

The portfolio of investments will be actively managed and will be spread across a number of industries, sectors and different sized companies to reduce investment risk. Companies that satisfy the investment criteria typically operate in faster growing sub-sectors of the economy that should be less affected by changing economic conditions.

 

Once a company has been identified as a potential investment, a range of valuation measures are employed with the aim of purchasing the shares at an attractive price.

 

Once purchased, the company is monitored to ensure that the investment case remains robust and the valuation of the shares is not too high. Should either of those factors not be met, the shares will be considered for disposal. Similarly, should the company fail to maintain the necessary standard of responsible or ESG or exclusion criteria, it will be divested.

 

Resources, Affiliations & Corporate Strategies

In-House Resources

Premier Miton’s Head of Responsible Investing is part of the investment team and brings significant experience and skills to further enhance our responsible investing approach and to ensure that we are well positioned to manage current and prospective clients’ money in a world that is increasingly focusing on sustainability. Responsible investing activities are directed by Premier Miton’s Chief Investment Officer with implementation led by our Head of Responsible Investing supported by an RI analyst alongside the investment team. Oversight of activities, as well as reviewing the related policies, is provided by Premier Miton’s investment and product governance structures.

 

External Resources

The fund managers subscribe to a number of independent providers of ESG data and research including Ethical Screening, ISS (Governance Quality Score, Climate Solutions, Fossil Fuels and Extractives Norms-Based Research and Proxy Voting Research), Sustainalytics ESG Risk Scores, CDP global disclosure data, Transition Pathway initiative data and Bloomberg.

 

Memberships and Affiliations

Premier Miton is a signatory to or participant in a number of stewardship and responsible investing related initiatives and industry bodies:

  • UN PRI - We became a signatory to the PRI in January 2020, and we are committed to upholding its principles and supporting the investment industry in acting more responsibly. Our first PRI Assessment was undertaken in 2021 where we received a score of 3/5 stars for Investment & Stewardship Policy. We find this reporting process a useful benchmark as we further enhance our approach to responsible investing. We believe that significant progress has been made since our first assessment and look forward to updating our reporting in the next cycle due in 2023.
  • Net Zero Asset Managers - We became a signatory to the Net Zero Asset Managers initiative (NZAM) in November 2022 to support the goal of net zero carbon emissions by 2050 or sooner. We are developing our net zero strategy which will guide us in reducing both our operational emissions as well as our portfolio emissions from the companies we invest in.
  • Investor Forum - In 2022 Premier Miton became a member of the Investor Forum, a formalised group of institutional investors that facilitate collective engagement on material issues with listed UK companies. The aim is to position stewardship at the heart of the investment decision-making process by facilitating dialogue and creating long term solutions that help build trust between companies and their shareholders. As members, we will be strengthened in our ability to engage with and influence investee companies on environmental, social and governance matters.
  • Climate Action 100+ - In December 2021 Premier Miton joined Climate Action 100+, a global investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. As signatories, our aim is to mitigate investment exposure to climate related risks and help secure ongoing sustainable returns for investors through collaborative engagement activities that hold select companies to account on their disclosure and climate related commitments.
  • Carbon Disclosure Programme (CDP) - In 2020 we participated for the first time in CDP by submitting a climate change disclosure for Premier Miton Group plc. The aim of this work is to set an internal benchmark for climate risk management and to highlight areas where we need to improve. For our third year of completion in 2022 we achieved a score of ‘B.’ This is above the ‘C’ global average and ‘B-‘ average for financial services companies. Within our overall score, we achieved an ‘A’ for Governance, ‘A’ for Risk Management Processes and ‘A-‘ for Business Strategy, Financial Planning & Scenario Analysis.
  • Votes Against Slavery - Modern slavery is a pervasive risk to business, supply chains, society and our economy. Rathbones convened the ‘Votes Against Slavery’ collaborative initiative to coordinate the response of the investment community and help provide the necessary accountability for and compliance to the UK Modern Slavery Act. Over 20 investment firms representing £3.2 trillion have since joined this initiative and collectively challenge FTSE350 companies that have failed to meet their reporting requirements. We have worked with this collaborative initiative since 2021 to engage with relevant companies held in our portfolios.
  • UK Stewardship Code - We are also delighted that our last application to the Financial Reporting Council has been accepted and we subsequently remained a signatory to the UK Stewardship Code in 2022.
  • Investment Association – We support the work of the Investment Association, participating in a number of committees and working groups, including the Sustainable and Responsible Investment Committee and attending the Sustainable Finance Disclosure Regulation Implementation Forum, Task Force on Climate-related Financial Disclosures (TCFD) Implementation Forum and inputting into other groups as required.
  • IIGCC - We joined the Institutional Investors Group on Climate Change in February 2023 to support our activities associated with the Net Zero strategy, including corporate engagement and public policy engagement.

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