TrinityBridge Sustainable Balanced Portfolio Fund
SRI Style:
Sustainability Tilt
SDR Labelling:
Sustainability Mixed Goals label
Product:
OEIC
Fund Region:
Global
Fund Asset Type:
Multi Asset
Launch Date:
02/11/2020
Last Amended:
Jul 2025
Dialshifter (
):
Fund/Portfolio Size:
£120.61m
(as at: 08/01/2026)
Total Screened Themed SRI Assets:
£1015.68m
(as at: 30/04/2025)
Total Responsible Ownership Assets:
£20859.00m
(as at: 31/03/2025)
Total Assets Under Management:
£20859.00m
(as at: 31/03/2025)
ISIN:
GB00BLPK3X58, GB00BLPK3Z72
Contact Us:
Objectives:
Financial Objective: The investment objective of the Fund is to provide capital growth with some income over the medium term (i.e. more than 5 years).
Sustainability Objective: The Fund has a sustainability objective to support and promote a low carbon economy, by investing both in (i) companies with low carbon intensity operations and (ii) companies that do not have low carbon intensity operations but are demonstrably improving their carbon intensity within a clearly identified timeframe.
Sustainable, Responsible
&/or ESG Overview:
The Fund has a sustainability objective to support and promote a low carbon economy by investing in companies with low or improving carbon intensity operations . While the Fund pursues positive selection criteria focussing on carbon intensity, it mitigates negative environmental and/or social outcomes through the Fund’s consideration of wider ESG issues in its exclusions policy and ongoing engagement with companies.
Primary fund last amended:
Jul 2025
Information directly from fund manager.
Fund Filters
Sustainability - General
Has policies that consider (environmental and social) sustainability issues. Strategies vary but are likely to consider environmental issues like climate change, carbon emissions, biodiversity loss, resource management, environmental impacts; and social issues like equal opportunities, human rights, labour standards, diversity and adherence to internationally recognised codes. See individual entry information.
Has a significant focus on sustainability issues
Aim to encourage higher sustainability standards through responsible ownership / stewardship / engagement / voting activity
Use the UN Global Compact to inform or help direct where they can or cannot invest. Will typically not invest in companies with significant breaches (low standards) - strategies vary. (The UNGC covers a wide range of issues - search 'UNGC'). See https://unglobalcompact.org/
Aim to support the shift to a sustainable future. See eg https://www.transitionpathwayinitiative.org/
Publicly report performance against named sustainability objectives
Environmental - General
Options that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change). Strategies vary.
Climate Change & Energy
Has policies (documented strategies that explain their position) on climate change related issues such as greenhouse gas/carbon emissions, net zero, transitioning to lower carbon. Strategies vary.
Encourage the transition to lower carbon activities through asset selection and / or responsible ownership activity.
Will only invest in companies that report greenhouse gas emissions in line with this international reporting framework. See https://www.fsb-tcfd.org/ https ://www.ifrs.org/sustainability/tcfd/
Ethical Values Led Exclusions
Companies are excluded if they make more than 5% of their revenue from the manufacture, sale or distribution of tobacco products including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Excludes companies which make controversial weapons such as landmines, cluster munitions and chemical weapons.
Has a written civilian firearms exclusion policy - meaning that they will not invest in companies that make (or perhaps also sell) handguns made for non-military users.
Avoids companies with significant involvement in the gambling industry. Some may allow a small proportion of revenues to come from this area.
Avoids companies that derive significant income from pornography and related areas. Strategies vary.
Gilts & Sovereigns
Invest in loans issued the government, commonly known as gilts or government bonds. These may or may not be ringfenced for specific projects (see additional options).
Avoids investing in 'some' gilts or government bonds. Strategies vary, but this may relate to avoiding specific countries or particular reasons for bond issuance. 'Green gilts' for example would be likely to be acceptable.
Banking & Financials
Can include banks as part of their holdings / portfolio.
May invest in insurance companies.
Governance & Management
Avoids investing in companies with poor governance practices.(e.g. board structure, management practices etc.) Views may however vary on what counts as 'poor' practices - and funds may not immediately divest as they may prefer to work to encourage higher standards.
Aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity
Product / Service Governance
Find fund / asset managers that factor in 'environmental, social and governance' issues as part of their investment decision making process. A focus on 'ESG' typically means a fund is carrying out additional research to help reduce ESG related risks. It does not necessarily mean a focus on sustainability. Strategies vary. See fund literature.
Asset Size
Invests mainly in larger companies / assets. (e.g. over circa £5-£10bn)
How The Fund/Portfolio Works
Focuses on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
Has some exclusions - typically for example excludes tobacco or companies that breach commonly adopted standards or norms such as the UN Global Compact.
Aims to avoid companies that do significant harm. This originates from the EU’s sustainable finance ‘DNSH’ (do no significant harm) work, which is not necessarily used by UK investors.
Investment selection process uses internationally agreed 'norms' (e.g. United Nations Global Compact - UNGC - or the UN Sustainable Development Goals - SDGs) alongside additional SRI criteria such as positive or negative stock selection policies and/or stewardship strategies.
Publish explanations of their ethical, social and/or environmental policies online (i.e. investment decision making strategies/ buy/sell &/or asset management strategies).
Does not use stock lending for performance or risk purposes.
Unscreened Assets & Cash
Holds between 70-79% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Holds between 80-89% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Intended Clients & Product Options
Designed to meet the needs of individual investors with an interest in sustainability issues.
Labels & Accreditations
Find options that have chosen to adopt one of the Financial Conduct Authority (FCA) SDR labels. Please note: there are a range of reasons why potentially relevant options may not use an SDR label eg. adopting a label may be work in progress, the manager may not yet be allowed to do so because of the product type, a manager may feel they are insufficiently aligned to SDR requirements.
Fund Management Company Information
About The Business
Finds fund / asset management companies that have a published company wide stewardship, engagement and / or responsible ownership policy or strategy that covers all investments. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.
Find fund / asset management companies that actively encourage higher 'environmental, social and governance' and / or 'sustainable and responsible investment' practices across investee companies - typically where the aim is to encourage positive change that is aligned with the best interests of investors. Strategies vary. See additional information and options.
Find options run by managers that apply Responsible ownership or 'Stewardship' policies to all or most of their investment assets. This means active involvement (e.g. voting, dialogue) with the companies across all or most funds, products and services.
Find fund / asset management companies that consider environmental, social and governance (ESG) issues when deciding whether or not to invest in a company for all / almost all of their funds and other assets. This is increasingly seen as part of sound risk management.
Finds organisations / fund managers that have an in-house (company wide) diversity improvement programme - meaning that they are working to ensure that within their own businesses they employ people from diverse backgrounds - often typically focused on ethnicity and/or sex.
This fund / asset management company invests in companies which have recently listed on a stock exchange (which is important as it can help grow new businesses).
Collaborations & Affiliations
Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.
Fund management entity is a member of the Investment Association https://www.theia.org/
Resources
Find fund / asset management companies that employ people to steer and support fund managers in voting shares at company AGM's and EGMs in ways that are consistent with encouraging higher ESG/sustainability standards.
Find fund / asset management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors.
Accreditations
Find fund / asset managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where managers are encouraged to behave like responsible, typically longer term 'company owners'.
Engagement Approach
Fund / asset manager has stewardship /responsible ownership strategy that is focused on addressing climate change with investee assets.
Fund / asset manager has a stewardship /responsible ownership strategy that involves working with fossil fuel companies on climate change related issues. See fund manager website for details.
Fund / asset manager has responsible ownership / stewardship strategy in place that aims to improve labour standards for the benefit of employees in investee companies (and potentially their suppliers)
Fund / asset managers have stewardship strategies in place that focus on improving governance standards across investee assets
Fund / asset manager has stewardship strategy in place which involves discussing mental health issues with investee companies - with the aim of raising standards
This fund / asset manager may vote differently for different clients or regions. See fund manager stewardship policy for further information.
Escalation policies describe how a manager will proceed if stewardship / engagement activity is not successful in the short term.
Climate & Net Zero Transition
Fund / asset management organisations that have pledged to reduce their greenhouse gas emissions to ‘net zero’. Strategies vary - this area is changing rapidly.
This fund / asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.
Find fund / asset management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.
Finds organisations / fund managers that have published ‘forward looking climate metrics’ e.g. 'implied temperature rise' data that are a total of the asset management company's share (% owned) of all the investee company emissions of the assets they manage, as well as their own direct and other indirect emissions.
Finds organisations / fund management companies that are in the process of working out how to make a ‘net zero commitment’ - meaning that when that is finalised they will have started the process of reducing their total greenhouse gas emissions to 'zero'.
Transparency
Find fund / asset management companies that publish a report detailing their responsible investment ownership - also known as 'Stewardship' - activity.
Find fund / asset management companies that publish information about their sustainable and responsible investment strategies on their company website.
Find fund / asset management companies that will supply information about their sustainable and responsible investment activity on request.
Fund / asset management companies that publish a full record of how they vote their shares at AGMs (annual general meetings) and EGMs (extraordinary general meetings). Voting strategies have an important role to play encouraging higher environmental, social and governance standards.
This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.
Comments
Please note:
Ethical Values Led Exclusions
- Tobacco and related products - avoid where revenue > 5% - The Fund excludes companies that derive more than 10% of their revenues from this sector
- Controversial weapons exclusion - The Fund excludes companies that derive more than 10% of their revenues from this sector
- Civilian firearms production excluded - The Fund excludes companies that derive more than 10% of their revenues from this sector
- Gambling avoidance policy - The Fund excludes companies that derive more than 10% of their revenues from this sector
- Pornography avoidance policy - The Fund excludes companies that derive more than 10% of their revenues from this sector
Gilts & Sovereigns
- Invests in gilts / government bonds - Other assets in which the Fund may invest (including collective investment schemes and government bonds) are not subject to the screening but will be assessed by the Investment Adviser to ensure that any such investments will not affect the ability of the Fund to meet its sustainable objective.
Transparency:
- Publish full voting record (AFM Company Wide) - We publish yearly Voting Reports with a breakdown of all our voting activity over the FY. This does not include individual voting decisions.
Sustainable, Responsible &/or ESG Policy:
Sustainability standards
The Investment Adviser selects assets for inclusion in the Fund using robust and evidence-based standards to define the terms “low carbon intensity” and “improving carbon intensity”. The Investment Adviser defines Low carbon intensity companies (“Low Emitters”) as those with a carbon intensity of at least 50% below the absolute carbon intensity of the global economy in 2019; and Improving carbon intensity companies (“Improvers”) as those with a carbon intensity that is on track to reduce by at least 50% from their 2019 baseline by 2030 and which demonstrate a clear ambition to meet an absolute standard of 100% reduction of net carbon emissions from that baseline by or before 2050.
Sustainability benchmark
The Fund aims to maintain a Weighted Average Carbon Intensity (tonnes of Scope 1 and 2 CO2e per US$m of revenue) below the lower of (i) the relevant ESG benchmark or (ii) 50% below the 2019 baseline level of the relevant non ESG benchmark. For equities, the relevant ESG benchmark is the MSCI Low Carbon Leaders Index and the non-ESG benchmark is the MSCI All Countries World Index. For corporate fixed interest securities, the relevant ESG benchmark is the ICE BofA Global Corporate Green, Social & Sustainable Index and the non-ESG benchmark is the ICE BofA Global Corporate Index.
Asset selection
The investment universe is identified by the Investment Adviser using quantitative and qualitative assessments focussed on the core carbon intensity objective, as well as broader sustainability criteria to ensure that the assets selected by the Investment Adviser are not otherwise harming environmental and/or sustainability outcomes.
Carbon tests: Each Low Emitter and Improver is required to have a carbon intensity in line with the relevant Standard set out above. As a result of the Fund’s objective and standards, the Fund may materially comprise of sectors which are currently low carbon emitters as a result of their business model (e.g. financial services) alongside sectors which are not traditionally low carbon emitting but which, in the Investment Adviser’s opinion, satisfy the Fund’s tests and will not cause the Fund to breach its overall target. Improvers may comprise high emitting companies. In addition, the Investment Adviser will consider whether companies follow good governance practices (e.g. with respect to sound management and company board, corporate culture, capital allocation and remuneration policies) and adhere to the environment and social thresholds set out below.
The screening criteria are applied to the corporate issuers of the bonds and the companies in which the Fund invests. Other assets in which the Fund may invest (including collective investment schemes and government bonds) are not subject to the screening but will be assessed by the Investment Adviser to ensure that any such investments will not affect the ability of the Fund to meet its sustainable objective.
To help achieve its sustainability objectives, the Fund will not invest in companies that derive more than 10% of their revenues from the following business activities: Thermal coal; Tobacco products manufacture; Controversial weapons; Civilian firearms; Gambling; Adult entertainment. In addition, the Fund will not invest in: (i) Companies that the Investment Adviser deems to be in violation of the UN Global Compact principles, or (ii) Governments that the Investment Adviser deems to be in violation of the UN Universal Declaration of Human Rights.
Process:
The Fund will hold more than 70% of its assets in securities which have an available carbon intensity enabling measurement and ongoing monitoring of the Fund’s sustainability objective. The remainder will be invested in securities or cash used primarily for diversification and that are not in conflict with the sustainability objective.
At least 70% of the Fund’s securities which have an available carbon intensity will be Low Emitters. Low Emitters will comprise the Sustainability Focus element of the Fund’s Mixed Goals label. Up to 30% of securities with available carbon intensity will be Improvers. Improvers will comprise the Sustainability Improvers element of the Mixed Goals label. The Fund will always hold a proportion of its assets in Improvers.
- Low Emitters must demonstrate a current level of carbon intensity that is considered to be sustainable today, being a carbon intensity of at least 50% below the absolute carbon intensity of the global economy in 2019;
- Improvers must demonstrate the ability to achieve a level of carbon intensity that can meet a future level of sustainability. These are companies with a current carbon intensity that is on track to reduce by at least 50% from their 2019 baseline by 2030 and which demonstrate a clear ambition to meet an absolute standard of 100% reduction of net carbon emissions from that baseline by or before 2050.
The Fund may materially comprise of sectors which are currently low carbon emitters as a result of their business model (e.g. financial services) alongside sectors which are not traditionally low carbon emitting but which, in the Investment Adviser’s opinion, satisfy the Fund tests and will not cause the Fund to breach its overall target. Improvers may comprise higher emitting companies.
The Investment Adviser acknowledges that the carbon intensity thresholds that define Low Emitters and Improvers are likely to change after 2030. The thresholds will be reviewed before 2030 and updated to reflect an accepted definition of what constitutes low or improving carbon intensity for the period beyond 2030.
Resources, Affiliations & Corporate Strategies:
The Responsible Investment (RI) team are TrinityBridge’s in-house experts on ESG issues and are central to integrating sustainability considerations in investment decision-making, working with teams across the firm. Specifically, they manage and monitor our stewardship approach (including voting and engagement), produce thematic research, contribute to our sustainable investment methodologies and fulfil regulatory requirements. We believe the current structure of the Responsible Investment team provides the functionality that we require as a firm. The team is small because the responsibility for bottom-up ESG analysis for individual securities resides with the security analyst.
- Head of Responsible Investment: Leads TrinityBridge’s responsible investment functions, including research, ESG integration, implementation of sustainable investment methodologies reporting and stewardship.
- Responsible Investment Analyst: Conducts TrinityBridge’s stewardship function, including engagements and reporting, alongside supporting TrinityBridge’s other responsible investment functions.
- Responsible Investment Associate: Conducts TrinityBridge’s reporting function for regulatory requirements and voluntary initiatives and supports the Responsible Investment team in carrying out all other functions.
TrinityBridge’s Responsible Investment Committee guides the Responsible Investment approach and helps oversee the firm’s Stewardship and Responsible Investment Policy.
TrinityBridge’s Sustainable Investment Oversight Committee oversees the firm’s sustainable investment approach, objectives, policies and processes.
All our employees are given Sustainability and Responsible Investment training and anti-greenwashing training. Additional ESG research training has been provided to our equity research and fixed interest analysts.
We are signatories to the Principles for Responsible Investment (PRI) and members of both the Personal Investment Management & Financial Advice Association (PIMFA) and Investment Association (IA). We are signatories to the 2020 UK Stewardship Code.
We are also signatories to PRI’s Advance initiative, the Global Coalition on Workplace Mental Health and the Net Zero Asset Managers Initiative.
Dialshifter
‘This fund is helping to ‘shift the dial from brown to green’ by…’
… having a sustainability objective to support and promote a low carbon economy, by investing both in (i) companies with low carbon intensity operations and (ii) companies that do not have low carbon intensity operations, but are demonstrably improving their carbon intensity within a clearly identified timeframe.
SDR Labelling:
Sustainability Mixed Goals label
Key Performance Indicators:
The KPIs used to monitor and demonstrate the Fund’s performance towards its sustainability objective which investors may find useful are (as at April 2025):
- Percentage of Fund (by value) invested in total in Low Emitters and Improvers – 76.56%
- Percentage of Fund (by value) invested in Low Emitters (excluding assets with no available carbon intensity (e.g. cash and sovereign bonds)) – 91.38%
- Percentage of the Fund (by value) invested in Improvers (excluding assets with no available carbon intensity (e.g. cash and sovereign bonds)) – 8.62%
- Percentage of Improvers assessed to remain on track to meet their carbon intensity reduction targets – 100%
- Percentage of Improvers subject to engagement – 0%
- The percentage reduction in the Weighted Average Carbon Intensity of Improvers since 2019 – 33%
- The Weighted Average Carbon Intensity of the fund, on an asset class basis, measured against an aim to be below the relevant ESG benchmark and 50% below the 2019 baseline level of the relevant non ESG benchmark
- Consumer Facing Disclosure
SDR Literature:
Fund Holdings
Disclaimer
Information accurate as at end April 2025 – for further information, please speak to your local business development director at TrinityBridge.
| Fund Name | SRI Style | SDR Labelling | Product | Region | Asset Type | Launch Date | Last Amended |
|
|---|---|---|---|---|---|---|---|---|
TrinityBridge Sustainable Balanced Portfolio Fund |
Sustainability Tilt | Sustainability Mixed Goals label | OEIC | Global | Multi Asset | 02/11/2020 | Jul 2025 | |
ObjectivesFinancial Objective: The investment objective of the Fund is to provide capital growth with some income over the medium term (i.e. more than 5 years). Sustainability Objective: The Fund has a sustainability objective to support and promote a low carbon economy, by investing both in (i) companies with low carbon intensity operations and (ii) companies that do not have low carbon intensity operations but are demonstrably improving their carbon intensity within a clearly identified timeframe.
|
Fund/Portfolio Size: £120.61m (as at: 08/01/2026) Total Screened Themed SRI Assets: £1015.68m (as at: 30/04/2025) Total Responsible Ownership Assets: £20859.00m (as at: 31/03/2025) Total Assets Under Management: £20859.00m (as at: 31/03/2025) ISIN: GB00BLPK3X58, GB00BLPK3Z72 Contact Us: robert.simmons@trinitybridge.com |
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Sustainable, Responsible &/or ESG OverviewThe Fund has a sustainability objective to support and promote a low carbon economy by investing in companies with low or improving carbon intensity operations . While the Fund pursues positive selection criteria focussing on carbon intensity, it mitigates negative environmental and/or social outcomes through the Fund’s consideration of wider ESG issues in its exclusions policy and ongoing engagement with companies. |
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Primary fund last amended: Jul 2025 |
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Information received directly from Fund Manager |
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Fund FiltersSustainability - General
Sustainability policy
Has policies that consider (environmental and social) sustainability issues. Strategies vary but are likely to consider environmental issues like climate change, carbon emissions, biodiversity loss, resource management, environmental impacts; and social issues like equal opportunities, human rights, labour standards, diversity and adherence to internationally recognised codes. See individual entry information.
Sustainability focus
Has a significant focus on sustainability issues
Encourage more sustainable practices through stewardship
Aim to encourage higher sustainability standards through responsible ownership / stewardship / engagement / voting activity
UN Global Compact linked exclusion policy
Use the UN Global Compact to inform or help direct where they can or cannot invest. Will typically not invest in companies with significant breaches (low standards) - strategies vary. (The UNGC covers a wide range of issues - search 'UNGC'). See https://unglobalcompact.org/
Transition focus
Aim to support the shift to a sustainable future. See eg https://www.transitionpathwayinitiative.org/
Report against sustainability objectives
Publicly report performance against named sustainability objectives Environmental - General
Limits exposure to carbon intensive industries
Options that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change). Strategies vary. Climate Change & Energy
Climate change / greenhouse gas emissions policy
Has policies (documented strategies that explain their position) on climate change related issues such as greenhouse gas/carbon emissions, net zero, transitioning to lower carbon. Strategies vary.
Encourage transition to low carbon through stewardship activity
Encourage the transition to lower carbon activities through asset selection and / or responsible ownership activity.
TCFD / IFRS reporting requirement
Will only invest in companies that report greenhouse gas emissions in line with this international reporting framework. See https://www.fsb-tcfd.org/ https ://www.ifrs.org/sustainability/tcfd/ Ethical Values Led Exclusions
Tobacco & related products - avoid where revenue > 5%
Companies are excluded if they make more than 5% of their revenue from the manufacture, sale or distribution of tobacco products including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Controversial weapons exclusion
Excludes companies which make controversial weapons such as landmines, cluster munitions and chemical weapons.
Civilian firearms production exclusion
Has a written civilian firearms exclusion policy - meaning that they will not invest in companies that make (or perhaps also sell) handguns made for non-military users.
Gambling avoidance policy
Avoids companies with significant involvement in the gambling industry. Some may allow a small proportion of revenues to come from this area.
Pornography avoidance policy
Avoids companies that derive significant income from pornography and related areas. Strategies vary. Gilts & Sovereigns
Invests in gilts / government bonds
Invest in loans issued the government, commonly known as gilts or government bonds. These may or may not be ringfenced for specific projects (see additional options).
Gilts / government bonds - exclude some
Avoids investing in 'some' gilts or government bonds. Strategies vary, but this may relate to avoiding specific countries or particular reasons for bond issuance. 'Green gilts' for example would be likely to be acceptable. Banking & Financials
Invests in banks
Can include banks as part of their holdings / portfolio.
Invests in insurers
May invest in insurance companies. Governance & Management
Avoids companies with poor governance
Avoids investing in companies with poor governance practices.(e.g. board structure, management practices etc.) Views may however vary on what counts as 'poor' practices - and funds may not immediately divest as they may prefer to work to encourage higher standards.
Encourage higher ESG standards through stewardship activity
Aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity Product / Service Governance
ESG integration strategy
Find fund / asset managers that factor in 'environmental, social and governance' issues as part of their investment decision making process. A focus on 'ESG' typically means a fund is carrying out additional research to help reduce ESG related risks. It does not necessarily mean a focus on sustainability. Strategies vary. See fund literature. Asset Size
Invests mostly in large cap companies / assets
Invests mainly in larger companies / assets. (e.g. over circa £5-£10bn) How The Fund/Portfolio Works
Positive selection bias
Focuses on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
Limited / few ethical exclusions
Has some exclusions - typically for example excludes tobacco or companies that breach commonly adopted standards or norms such as the UN Global Compact.
Significant harm exclusion
Aims to avoid companies that do significant harm. This originates from the EU’s sustainable finance ‘DNSH’ (do no significant harm) work, which is not necessarily used by UK investors.
Combines norms based exclusions with other SRI criteria
Investment selection process uses internationally agreed 'norms' (e.g. United Nations Global Compact - UNGC - or the UN Sustainable Development Goals - SDGs) alongside additional SRI criteria such as positive or negative stock selection policies and/or stewardship strategies.
SRI / ESG / Ethical policies explained on website
Publish explanations of their ethical, social and/or environmental policies online (i.e. investment decision making strategies/ buy/sell &/or asset management strategies).
Do not use stock / securities lending
Does not use stock lending for performance or risk purposes. Unscreened Assets & Cash
Assets typically aligned to sustainability objectives 70 - 79%
Holds between 70-79% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Assets typically aligned to sustainability objectives 80 – 89%
Holds between 80-89% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets. Intended Clients & Product Options
Intended for clients interested in sustainability
Designed to meet the needs of individual investors with an interest in sustainability issues. Labels & Accreditations
SDR Labelled
Find options that have chosen to adopt one of the Financial Conduct Authority (FCA) SDR labels. Please note: there are a range of reasons why potentially relevant options may not use an SDR label eg. adopting a label may be work in progress, the manager may not yet be allowed to do so because of the product type, a manager may feel they are insufficiently aligned to SDR requirements. Fund Management Company InformationAbout The Business
Responsible ownership / stewardship policy or strategy (AFM companywide)
Finds fund / asset management companies that have a published company wide stewardship, engagement and / or responsible ownership policy or strategy that covers all investments. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.
ESG / SRI engagement (AFM companywide)
Find fund / asset management companies that actively encourage higher 'environmental, social and governance' and / or 'sustainable and responsible investment' practices across investee companies - typically where the aim is to encourage positive change that is aligned with the best interests of investors. Strategies vary. See additional information and options.
Responsible ownership policy for non SRI / sustainable options (AFM companywide)
Find options run by managers that apply Responsible ownership or 'Stewardship' policies to all or most of their investment assets. This means active involvement (e.g. voting, dialogue) with the companies across all or most funds, products and services.
Integrates ESG factors into all / most research (AFM companywide)
Find fund / asset management companies that consider environmental, social and governance (ESG) issues when deciding whether or not to invest in a company for all / almost all of their funds and other assets. This is increasingly seen as part of sound risk management.
In-house diversity improvement programme (AFM companywide)
Finds organisations / fund managers that have an in-house (company wide) diversity improvement programme - meaning that they are working to ensure that within their own businesses they employ people from diverse backgrounds - often typically focused on ethnicity and/or sex.
Invests in newly listed companies (AFM companywide)
This fund / asset management company invests in companies which have recently listed on a stock exchange (which is important as it can help grow new businesses). Collaborations & Affiliations
PRI signatory
Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.
Investment Association (IA) member
Fund management entity is a member of the Investment Association https://www.theia.org/ Resources
In-house responsible ownership / voting expertise
Find fund / asset management companies that employ people to steer and support fund managers in voting shares at company AGM's and EGMs in ways that are consistent with encouraging higher ESG/sustainability standards.
Use specialist ESG / SRI / sustainability research companies
Find fund / asset management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors. Accreditations
UK Stewardship Code signatory (AFM companywide)
Find fund / asset managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where managers are encouraged to behave like responsible, typically longer term 'company owners'. Engagement Approach
Engaging on climate change issues
Fund / asset manager has stewardship /responsible ownership strategy that is focused on addressing climate change with investee assets.
Engaging with fossil fuel companies on climate change
Fund / asset manager has a stewardship /responsible ownership strategy that involves working with fossil fuel companies on climate change related issues. See fund manager website for details.
Engaging on labour / employment issues
Fund / asset manager has responsible ownership / stewardship strategy in place that aims to improve labour standards for the benefit of employees in investee companies (and potentially their suppliers)
Engaging on governance issues
Fund / asset managers have stewardship strategies in place that focus on improving governance standards across investee assets
Engaging on mental health issues
Fund / asset manager has stewardship strategy in place which involves discussing mental health issues with investee companies - with the aim of raising standards
Split voting policy
This fund / asset manager may vote differently for different clients or regions. See fund manager stewardship policy for further information.
Stewardship escalation policy
Escalation policies describe how a manager will proceed if stewardship / engagement activity is not successful in the short term. Climate & Net Zero Transition
Net Zero commitment (AFM companywide)
Fund / asset management organisations that have pledged to reduce their greenhouse gas emissions to ‘net zero’. Strategies vary - this area is changing rapidly.
Net Zero - have set a Net Zero target date (AFM companywide)
This fund / asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.
Encourage carbon / greenhouse gas reduction (AFM companywide)
Find fund / asset management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.
‘Forward Looking Climate Metrics’ published / ITR (AFM companywide)
Finds organisations / fund managers that have published ‘forward looking climate metrics’ e.g. 'implied temperature rise' data that are a total of the asset management company's share (% owned) of all the investee company emissions of the assets they manage, as well as their own direct and other indirect emissions.
Working towards a ‘Net Zero’ commitment (AFM companywide)
Finds organisations / fund management companies that are in the process of working out how to make a ‘net zero commitment’ - meaning that when that is finalised they will have started the process of reducing their total greenhouse gas emissions to 'zero'. Transparency
Publish responsible ownership / stewardship report (AFM companywide)
Find fund / asset management companies that publish a report detailing their responsible investment ownership - also known as 'Stewardship' - activity.
Full stewardship / responsible ownership policy information on company website
Find fund / asset management companies that publish information about their sustainable and responsible investment strategies on their company website.
Full stewardship / responsible ownership policy information available on request
Find fund / asset management companies that will supply information about their sustainable and responsible investment activity on request.
Publish full voting record (AFM companywide)
Fund / asset management companies that publish a full record of how they vote their shares at AGMs (annual general meetings) and EGMs (extraordinary general meetings). Voting strategies have an important role to play encouraging higher environmental, social and governance standards.
Net Zero transition plan publicly available (AFM companywide)
This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions. CommentsPlease note: Ethical Values Led Exclusions
Gilts & Sovereigns
Transparency:
Sustainable, Responsible &/or ESG Policy:Sustainability standards The Investment Adviser selects assets for inclusion in the Fund using robust and evidence-based standards to define the terms “low carbon intensity” and “improving carbon intensity”. The Investment Adviser defines Low carbon intensity companies (“Low Emitters”) as those with a carbon intensity of at least 50% below the absolute carbon intensity of the global economy in 2019; and Improving carbon intensity companies (“Improvers”) as those with a carbon intensity that is on track to reduce by at least 50% from their 2019 baseline by 2030 and which demonstrate a clear ambition to meet an absolute standard of 100% reduction of net carbon emissions from that baseline by or before 2050.
Sustainability benchmark The Fund aims to maintain a Weighted Average Carbon Intensity (tonnes of Scope 1 and 2 CO2e per US$m of revenue) below the lower of (i) the relevant ESG benchmark or (ii) 50% below the 2019 baseline level of the relevant non ESG benchmark. For equities, the relevant ESG benchmark is the MSCI Low Carbon Leaders Index and the non-ESG benchmark is the MSCI All Countries World Index. For corporate fixed interest securities, the relevant ESG benchmark is the ICE BofA Global Corporate Green, Social & Sustainable Index and the non-ESG benchmark is the ICE BofA Global Corporate Index.
Asset selection The investment universe is identified by the Investment Adviser using quantitative and qualitative assessments focussed on the core carbon intensity objective, as well as broader sustainability criteria to ensure that the assets selected by the Investment Adviser are not otherwise harming environmental and/or sustainability outcomes.
Carbon tests: Each Low Emitter and Improver is required to have a carbon intensity in line with the relevant Standard set out above. As a result of the Fund’s objective and standards, the Fund may materially comprise of sectors which are currently low carbon emitters as a result of their business model (e.g. financial services) alongside sectors which are not traditionally low carbon emitting but which, in the Investment Adviser’s opinion, satisfy the Fund’s tests and will not cause the Fund to breach its overall target. Improvers may comprise high emitting companies. In addition, the Investment Adviser will consider whether companies follow good governance practices (e.g. with respect to sound management and company board, corporate culture, capital allocation and remuneration policies) and adhere to the environment and social thresholds set out below. The screening criteria are applied to the corporate issuers of the bonds and the companies in which the Fund invests. Other assets in which the Fund may invest (including collective investment schemes and government bonds) are not subject to the screening but will be assessed by the Investment Adviser to ensure that any such investments will not affect the ability of the Fund to meet its sustainable objective. To help achieve its sustainability objectives, the Fund will not invest in companies that derive more than 10% of their revenues from the following business activities: Thermal coal; Tobacco products manufacture; Controversial weapons; Civilian firearms; Gambling; Adult entertainment. In addition, the Fund will not invest in: (i) Companies that the Investment Adviser deems to be in violation of the UN Global Compact principles, or (ii) Governments that the Investment Adviser deems to be in violation of the UN Universal Declaration of Human Rights. Process:The Fund will hold more than 70% of its assets in securities which have an available carbon intensity enabling measurement and ongoing monitoring of the Fund’s sustainability objective. The remainder will be invested in securities or cash used primarily for diversification and that are not in conflict with the sustainability objective. At least 70% of the Fund’s securities which have an available carbon intensity will be Low Emitters. Low Emitters will comprise the Sustainability Focus element of the Fund’s Mixed Goals label. Up to 30% of securities with available carbon intensity will be Improvers. Improvers will comprise the Sustainability Improvers element of the Mixed Goals label. The Fund will always hold a proportion of its assets in Improvers.
The Fund may materially comprise of sectors which are currently low carbon emitters as a result of their business model (e.g. financial services) alongside sectors which are not traditionally low carbon emitting but which, in the Investment Adviser’s opinion, satisfy the Fund tests and will not cause the Fund to breach its overall target. Improvers may comprise higher emitting companies. The Investment Adviser acknowledges that the carbon intensity thresholds that define Low Emitters and Improvers are likely to change after 2030. The thresholds will be reviewed before 2030 and updated to reflect an accepted definition of what constitutes low or improving carbon intensity for the period beyond 2030. Resources, Affiliations & Corporate Strategies:The Responsible Investment (RI) team are TrinityBridge’s in-house experts on ESG issues and are central to integrating sustainability considerations in investment decision-making, working with teams across the firm. Specifically, they manage and monitor our stewardship approach (including voting and engagement), produce thematic research, contribute to our sustainable investment methodologies and fulfil regulatory requirements. We believe the current structure of the Responsible Investment team provides the functionality that we require as a firm. The team is small because the responsibility for bottom-up ESG analysis for individual securities resides with the security analyst.
TrinityBridge’s Responsible Investment Committee guides the Responsible Investment approach and helps oversee the firm’s Stewardship and Responsible Investment Policy. TrinityBridge’s Sustainable Investment Oversight Committee oversees the firm’s sustainable investment approach, objectives, policies and processes. All our employees are given Sustainability and Responsible Investment training and anti-greenwashing training. Additional ESG research training has been provided to our equity research and fixed interest analysts. We are signatories to the Principles for Responsible Investment (PRI) and members of both the Personal Investment Management & Financial Advice Association (PIMFA) and Investment Association (IA). We are signatories to the 2020 UK Stewardship Code. We are also signatories to PRI’s Advance initiative, the Global Coalition on Workplace Mental Health and the Net Zero Asset Managers Initiative. Dialshifter (Fund)‘This fund is helping to ‘shift the dial from brown to green’ by…’ … having a sustainability objective to support and promote a low carbon economy, by investing both in (i) companies with low carbon intensity operations and (ii) companies that do not have low carbon intensity operations, but are demonstrably improving their carbon intensity within a clearly identified timeframe. Dialshifter (Corporate)‘Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by…’ … Being signatories of the Net Zero Asset Managers initiative. SDR Labelling:Sustainability Mixed Goals label Key Performance Indicators:
The KPIs used to monitor and demonstrate the Fund’s performance towards its sustainability objective which investors may find useful are (as at April 2025):
SDR Literature:Fund HoldingsDisclaimerInformation accurate as at end April 2025 – for further information, please speak to your local business development director at TrinityBridge. |
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