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Scottish Widows Henderson Global Sustainable Equity ZP (Pension)

SRI Style: Sustainability Themed
Fund Type: Pension
Region: Global
Asset Type: Equity
Launch Date: 17/11/2003

SRI / Ethical Overview

This Pension product is linked to the "Janus Henderson Global Sustainable Equity” fund. The following information refers to the primary (OIEC) fund.

 

The investment team believe that the best investment returns will be generated by companies providing solutions to environmental and social challenges. The team aims to outperform the market and global equity peers over the long-term through creating a differentiated global equity portfolio of the best sustainability ideas. The Fund employs an integrated approach to sustainable and responsible investment (SRI), combining positive and negative investment criteria as well as integrating environmental, social and governance factors into the bottom-up, fundamental company analysis.


The Fund seeks to invest in businesses that are strategically aligned with the powerful environmental and social trends changing the shape of the global economy. These businesses should exhibit sustainable revenue growth by virtue of having products or services that enable positive environmental or social change, and thereby have an impact on the development of a sustainable global economy. It is a low carbon strategy.

 
SRI / themed / ethical assets under management – overview

  • Fund Size (GBP):    £880,16m*   (as at 29 February 2020)
  • Total value of SRI/ethical/environmental/ social/ environmental or sustainability themed funds:   £1,522.25m
  • Total value of assets covered by any additional ESG or responsible ownership policy:   Janus Henderson has a Responsible Investment Policy which sets out our approach to ESG issues, including proxy voting policy, for our Investment Management business, which includes all our equities and fixed income teams. We believe that in order to achieve long-term success, companies need not only to conceive and execute appropriate business strategies, but also to maintain high standards of corporate governance and corporate responsibility. We therefore expect companies to operate according to recognised national and international standards in these areas.
  • Total assets under management:    £282.94bn    (as at 31 December 2019)

 

Source: Janus Henderson Investors


* Janus Henderson Global Sustainable Equity Fund (OEIC). Does not include AUM from the Janus Henderson Horizon Global Sustainable Equity Funds (SICAV)

SRI Policies (Primary strategy in bold)

  • Environmental policy Find funds that have policies which relate to environmental issues. These will typically set out the fund's stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary. See fund information for further information.
  • Health & wellbeing policies or theme Find funds with policies or themes that set out their approach to health and wellbeing issues. Funds of this kind typically aim to invest in companies with high standards - or encourage high standards. Themed funds are likely to have more of an emphasis on this area. Strategies vary. See fund information for further detail.
  • Limits exposure to carbon intensive industries Find funds that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change. Funds vary - some funds may be 'underweight' in this area which means they may have some investment in highly carbon intensive areas. Funds of this kind may choose companies they consider to be 'best in sector' and encourage ever higher standards. Strategies vary. See fund information for further details.
  • Sustainability policy Find funds that have 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 fund information for further information.
  • Ethical policies Find funds that have policies that set out their position on ethical or 'personal values' based issues. Strategies vary. See fund information for further detail.
  • Social policy Find funds that have policies which set out their approach to social issues (e.g. human rights, labour standards, equal opportunities, child labour and adherence to internationally recognised codes such as the UN Global Compact). Funds with social policies typically avoid companies with low standards or work to encourage higher standards. See fund information for detail.
  • Governance policy Find fund options that have policies that relate to corporate governance issues such as board structure, executive remuneration, bribery and/or corporate corruption. These funds will typically avoid companies with poor practices. Strategies vary. See fund literature for further information.
  • Animal welfare policy Find funds with policies that require specific animal welfare standards to be met. These may reference well-known welfare standards or certification schemes. Strategies vary. See fund information for further detail.
  • Nuclear exclusion policy Find funds that have policies which say they avoid or limit their investment in the nuclear industry. Strategies vary. See fund information for further detail.
  • Animal testing exclusion policy Find funds that avoid companies that are involved in testing their products on animals. Precise application may vary. See fund literature for further information.
  • Tobacco production avoided Find fund options that exclude manufacturers of tobacco (or related) products. Strategies vary and funds may or may not invest in retailers of such products (e.g. supermarkets or hotels). See fund information for further detail.
  • Armaments manufacturers avoided Find funds that avoid companies that manufacture products intended specifically for military use. Fund strategies vary - particularly with regard to non-strategic military products. See fund literature for fund specific details.
  • Coal, oil &/or gas majors excluded Find funds that avoid investing in major coal, oil and/or gas (extraction) companies. Funds vary: some may exclude all companies that extract oil. Others may have exposure to oil extraction via more diversified energy companies. See fund literature to confirm details.
  • Climate change / greenhouse gas emissions policy Find funds that have 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. Read fund details for further information.
  • Invests in clean energy/renewables Find funds that invest in companies in the clean energy and renewable energy sectors. Fund strategies vary, in particular the proportion of investment in these areas may vary significantly. Check fund literature for details.
  • Alcohol production excluded Find funds that avoid investment in companies involved in the production of alcohol. Strategies vary; some funds allow a small proportion of profits to come from this area. See fund literature for further information.
  • Fracking and tar sands excluded Find funds that avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary. See fund information for further information.
  • Gambling avoidance policy Find funds that avoid companies with significant involvement in the gambling industry. Some funds may allow a small proportion of profits to come from this area. See fund policy for further details.
  • Pornography avoidance policy Find funds that avoid companies that derive significant income from pornography and related areas. Strategies vary. See fund details for further information.
  • Human rights policy Find funds that have policies relating to human rights issues. Funds of this kind typically require companies to demonstrate higher standards, although some fund managers work to encourage improvements. Investee companies are often judged against internationally agreed norms or standards. Strategies vary. See fund information for further detail.
  • Child labour exclusion Find funds that have policies in place to ensure they do not invest in companies that employ children.
  • Deforestation / palm oil policy Find funds that have policies in place designed to ensure they do not invest in companies that are significantly involved in deforestation. This typically relates to palm oil plantations where biodiversity loss is a major concern (as well as other issues). Strategies vary. See fund information for further detail.
  • Water / sanitation policy or theme Find funds that have policies or themes that set out their position on investment in the water sector and/or sanitation. Strategies vary. See fund information for further detail.
  • Resource efficiency policy or theme Find funds that have a policy or theme that relates to managing natural resources more efficiently. Funds with this policy will be likely to favour companies that make (or enable the) more efficient use of resources - and either avoid or encourage change amongst companies with lower standards. Strategies vary. See fund information for further detail.
  • Sustainable transport policy or theme Find funds that have documented policies or thematic investment approaches relating to investment in more sustainable, greener transport methods. These will typically set out a preference for companies that run, enable or support more sustainable methods of transport. See fund information for further detail.
  • Single resource theme Single resource themed funds focus their investment strategy on a single natural 'resource' eg water. See fund information for further detail.
  • Responsible supply chain policy or theme Find funds that have policies or a theme that relates to the responsible management of supply chains. These may relate to employment issues, notably people employed by their suppliers, as well as the sourcing of materials and products. See fund literature for further information.
  • Clean / renewable energy themed Find funds that invest in clean / renewable energy companies. The proportion of the fund that is directly or indirectly invested in renewable energy varies between funds. See fund information for further details.
  • Plastics policy / reviewing plastics Find funds that are reviewing or encouraging companies to manage down the overuse of plastics (particularly single use, non-recyclable plastics). These funds will typically aim to encourage the use of alternative materials, but are unlikely to exclude companies purely on the basis of their use of plastics. Strategies vary. See fund information for further detail.
  • Sustainability themed Find funds where there is a significant emphasis on (environmental and social) sustainability. Funds with a 'sustainability theme' typically place more emphasis on the area than funds with a 'sustainability policy' - meaning that it is more likely to drive investment selection. Strategies vary. See fund information for further detail.
  • Environmental damage and pollution policy Find funds that have written policies explaining the approach they take when companies damage the environment or are significant polluters. Funds of this kind may work with companies to encourage higher standards, or exclude companies - sometimes dependent on the situation. Strategies vary. See fund information for further detail.
  • Anti-bribery and corruption policy Find funds that have policies explaining when managers will avoid investing in companies that do not comply with relevant anti-bribery and anti-corruption standards or laws. Strategies vary; the point at which investors may divest can vary. See fund literature for further information.
  • Avoids companies with poor governance Find funds that aim to avoid 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. See fund literature for further information.
  • Digital/cyber security policy Find funds that have policies explaining how the fund managers take into account digital/cyber security related risks. Funds with cyber policies will typically favour companies with higher standards or that are helping to solve problems - but strategies vary. See fund literature for further information.
  • Oppressive regimes exclusion policy Find funds that have policies that explain any exclusions that relate to companies based in, or with operations in, oppressive regimes. Strategies vary. See fund literature for further information.
  • ESG integration strategy Find funds 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. Strategies vary. See fund literature for further information.
  • Encourage board diversity e.g. gender Fund managers encourage the companies they invest in to have more diverse board structures (e.g. more women on boards)
  • Arctic drilling exclusion Find funds that avoid companies that are involved in extracting oil from the Arctic regions. See fund literature for further details.
  • Unsustainable / illegal deforestation exclusion policy Find funds that have policies in place explaining that they avoid companies involved in illegal and/or unsustainable deforestation. This may relate to palm oil, cattle farming or other concerns. Strategies vary. See fund information for further detail.
  • Avoids companies with fossil fuel reserves Find funds that avoid investing in companies with coal, oil and gas reserves. See fund information for further details.
  • Avoids genetically modified seeds/crop production Find funds that aim to avoid investing in companies that produce genetically modified seeds or crops. (This does not typically include avoiding companies such as supermarkets). See fund literature for further information.
  • Encourage TCFD alignment for banks & insurance companies Find fund managers that encourage the banks and insurance companies they invest in to publish climate change related financial information - as set out by the Task Force on Climate Related Financial Disclosures (with the aim of helping investors measure and respond to climate risk).
  • Demographic / ageing population theme Find funds with a thematic investment approach focusing on the ‘silver economy’ - in particular (typically) the issues and opportunities presented by changing demographics. This could include finance, healthcare and medicines and/ or longevity science to extend lifespans. Strategies vary. See fund literature for further information.
  • Favours cleaner, greener companies Find funds that aim to invest in companies with strong or market leading environmental policies and practices. Strategies vary - in particular the balance between 'financial' aspects and environmental benefits. Some may invest substantially in solutions or 'positive impact' companies - others may invest in more conventional companies providing certain environmental criteria are met. See fund information for further detail.

SRI Features

  • Balances company 'pros and cons'/best in sector Find funds that consider both the 'positive' and 'negative' aspects of company behaviour and make balanced, considered decisions as part of their investment approach. May apply to a range of different issues and policy areas.
  • Favours companies with strong social policies Find funds that invest in line with positive strategies that relate to 'people' issues - such as having strong human rights, labour standards and equal opportunities practices. Such funds are likely to invest in companies that have market leading standards with regard to employee and supplier practices. Read fund literature for further information.
  • UN Sustainable Development Goals (SDG) focus Find funds that specifically aim to invest (and manage assets) in ways that help to address all or some of the SDGs.
  • Invests in small, mid and large cap companies Find a fund that invests in a combination of small, medium and larger (potentially multinational)companies.
  • SRI/ESG/Ethical policies explained on website Find funds that have published explanations of their ethical, social and/or environmental policies online (i.e. fund decision making strategies/ buy/sell &/or asset management strategies).
  • Assets mapped to SDGs Find funds that have 'mapped' (reviewed) their investment selection and management strategies to identify which of the UN Sustainable Development Goals (SDGs) the fund is helping to address.
  • Eurosif transparency Find funds that meet the standards of the EUROSIF (European Sustainable and Responsible Investment association) transparency Code. This means that they are a leading fund in terms of openness and transparency, publishing - for example - extensive information about where they invest and how they deal with companies.
  • Norms focus Find funds that use internationally agreed standards, conventions and 'norms' to help direct where the fund can and cannot invest (e.g. the UN Global Compact, UN Sustainable Development Goals). Read fund literature for further information.
  • Positive selection bias Find funds that focus on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
  • Negative selection bias Find funds where their main 'ethical approach' is to avoid companies by using negative screening criteria. Read fund literature for further information.
  • Over 50% large cap companies Find funds that invests more than half of their money into what are commonly regarded as 'large companies'. This will typically mean that the market capitalisation (or value) of the companies they hold is in excess of £5 to £10 billion.
  • Strictly screened ethical fund Find funds where their main approach is to apply positive or negative ethical, social and / or environmental screens. Strictly screened funds are likely to exclude more companies than other related fund options. See fund literature for further information.
  • Aims to generate positive impacts (or 'outcomes') Find funds that aim to help or support the delivery of positive social or environmental impacts (or societal outcomes) by investing in companies they see as beneficial to people or the planet. Strategies vary. See fund literature for further information.
  • Available via an ISA (OEIC only) Find funds that are available via a tax efficient ISA product wrapper.
  • Invests in environmental solutions companies Find funds that direct investment towards companies where a major part of their business is about solving environmental challenges. e.g. companies helping to address climate change.
  • Invests in social solutions companies Find funds that invest in companies where a major part of their business is specifically aimed at helping to address social challenges. e.g. companies helping to address poverty.
  • Invests in sustainability/ESG disruptors Find funds that specifically set out to invest in companies that are regarded as 'disrupting' existing business practices - typically through the development of innovative (sustainability aware) products and/or practices.
  • Described as an ‘impact investment fund’ Find funds that are explicitly marketed as ‘Impact investments funds intend’ - meaning that alongside financial goals they will/should also explicitly target specific positive, measurable social and/or environmental outcomes.
  • Combines norms based exclusions with other SRI criteria Find funds that make significant use of internationally agreed 'norms' (e.g. United Nations Global Compact - UNGC - or the UN Sustainable Development Goals - SDGs) as part of their investment selection process alongside additional SRI criteria such as positive or negative stock selection policies and/or stewardship strategies.
  • Combines ESG strategy with other SRI criteria Find funds that have an ESG strategy (which is typically focused on avoiding companies that pose environmental, social or governance related risks) with additional criteria such as positive and/or negative screens, themes and stewardship strategies.
  • Invests mostly in large cap companies Find funds that have SRI strategies and focus their investment stock selection on larger companies. (e.g. over cerca £5-£10bn)
  • Employ external (fund) oversight or advisory committee Find funds that have an external committee that helps steer or advise fund managers on SRI policy or strategy related issues. These people may be paid for their time but are not employees of the fund manager.
  • External (fund) committee has veto powers Find funds that employ an external committee (i.e. not company employees) that has power to veto (i.e. overrule) fund managers stock selection decisions. (This would typically mean the committee can tell the manager of this particular fund not to buy / sell a specific investment when they consider it appropriate to do so.)
  • Measures positive impacts Find funds that aim to measure the positive effect of their investment strategy for society and/or the environment. Funds that aim to deliver positive impacts and measure those impacts are often referred to as 'impact funds', particularly where this is stated within fund objectives. Strategies vary. See fund information.
  • Positive environmental impact theme Find funds that specifically set out to help deliver positive environmental impacts, benefits or outcomes.
  • Positive social impact theme Find funds that specifically state that they aim to deliver positive social (i.e. people related) impacts and/or outcomes.
  • Invests >25% of fund in environmental/social solutions companies Find funds that invest >25% of their capital towards companies where a major part of their business is focused on helping to address environmental or social challenges.
  • Invests >50% of fund in environmental/social solutions companies Find funds that invest >50% of their capital in companies where a major part of their business is focused on helping to address environmental or social challenges.
  • Data led strategy Find funds that make stock selection (and ongoing fund management) decisions based on ESG data or company ratings (normally supplied by third parties) rather than focusing on what individual companies do, how they operate or their plans for the future

Responsible Ownership

  • ESG/SRI engagement (company wide) Find fund management companies that actively encourages higher 'environmental, social and governance' and/or 'sustainable and responsible investment' practices amongst investee companies - when positive change is aligned with the best interest of investors. Strategies vary. See additional information and options.
  • Integrates ESG factors into all/most fund research Find fund 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.
  • Vote all* shares at AGMs/EGMs Find fund managers that vote all* the shares they own at Annual General Meetings and Extraordinary General Meetings. A commitment to voting shares is a key indicator of 'responsible share ownership' demonstrating their support for or disagreement with management policy. (*situations can legitimately, occasionally occur where voting proves impossible, but in principle all shares should be voted.)
  • In house responsible ownership/voting expertise Find fund / fund management companies where there is in-house expertise that enables the fund manager to make their own decisions on issues such as how they should vote at AGMs - for example - with regard to how they can vote to encourage higher environmental, social and governance (ESG) standards.
  • Responsible Ownership/ESG a key differentiator Find fund managers that consider responsible ownership and ESG to be a key differentiator for their business.
  • UK Stewardship Code signatory Find fund managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where fund managers are encouraged to behave as responsible 'company owners'.
  • Publish full voting record Find fund management companies that publishes a full record of how they vote at AGMs (annual general meetings) and EGMs (extraordinary general meetings). This information helps show their approach to ESG issues - although other activity is also relevant.
  • Review(ing) carbon/fossil fuel exposure for all funds Find funds / fund managers that are reviewing, or have reviewed, their exposure to carbon intensive industries including (but not only) mining, oil and gas companies. This work is being carried out in the context of climate change concerns, and may often reference international agreements or initiatives.
  • PRI signatory Find fund management companies that have signed up to the UN backed 'Principles of Responsible Investment' initiative.
  • UKSIF member Find fund management companies that are members of UKSIF - the UK Sustainable Investment and Finance association
  • Fund EcoMarket partner Find fund management companies that have partnered with Fund EcoMarket - meaning that they are helping to improve access to information on sustainable investment by paying an annual fee. Partner funds are listed ahead of other funds and have their logos displayed.
  • Climate Action 100+ or IIGCC member Find fund management companies that are members of collaborative institutional investor led initiatives that aim to encourage companies to reduce carbon (and other greenhouse gas) emissions. This includes encouraging companies to transition to renewable energy, for example, by establishing 'net zero' plans.
  • Encourage responsible corporate taxation Find fund management companies that are working with the companies they invest in to encourage more responsible corporate taxation.
  • Encourage carbon / greenhouse gas reduction Find fund management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.
  • Employ specialist ESG/SRI/sustainability researchers Find a fund management company that directly employs specialist ESG/SRI/sustainability researchers or analysts. This allows asset managers to discuss environmental, social and governance risks and opportunities directly with companies.
  • Use specialist ESG/SRI/sustainability research companies Find fund management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors.
  • Responsible ownership / stewardship policy (company wide) Finds fund management companies that have 'responsible investment ownership' - also known as 'stewardship' policy - that covers all the areas they invest in. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.

SRI / Ethical Policy

Janus Henderson has been involved in managing SRI portfolios for almost 30 years and the Janus Henderson Global Sustainable Equity Fund was launched in August 1991.


We believe there is a strong link between sustainable development, innovation and long-term compounding growth. Global Sustainable Equity Managed Account seeks to invest in companies that have a positive impact on the environment and society, while at the same time helping us stay on the right side of disruption. We believe this approach will provide clients with a persistent alpha source, deliver future compound growth, and better capital preservation.


The philosophy is centred around three key tenets:

  • Sustainability: The management team believe that companies that have products or services connected to the long-term themes are more likely to acheive sustainable revenue growth
  • Long term investment: The management team believes that investing for the long term will lead to outperformance. The thematic approach results in a portfolio with low turnover.
  • Change: Powerful environmental and social trends are going to transform the global economy over coming decades. The management team seek companies that are strategically positioned to benefit from this change.

 

Investment approach


The Fund targets companies that are growing sustainably. It aims to achieve above median long-term performance versus unrestricted global equity peers. Sustainability runs throughout the investment process, combining positive and negative (avoidance) criteria, and considering both the products of a business (what it does) and the operations (how it does it). In researching a stock and building an investment case, the Global Equity SRI Team looks for evidence of sustainability in every aspect of a company’s business, not just in the types of products and services offered, but also in its growth prospects, strategy, capital allocation, cash flows and corporate governance.

 

Resources, Affiliations & Corporate Strategies

ESG Factors within the Investment Process


We believe that individual investment teams are best placed to develop their own distinct approach to ESG integration in line with their investment processes and objectives. Important considerations include asset class and growth, value or income bias. Whether thematic or fundamental analysis is undertaken and the geography of the portfolio is also taken into consideration.


We do not have top-down house rules regarding ESG integration. We also do not have self-imposed group-wide exclusions on companies or sectors in relation to specific ESG issues. Our investment teams are responsible for determining their investment universe, in line with their investment process, and product or client requirements.


ESG Research & Resources


ESG considerations are fully integrated into our support functions, including research, investment platforms and risk tools. We are always improving the quality of ESG research and data made available to our investment teams and use this research to help demonstrate to clients the importance of ESG integration to investment performance.


The Janus Henderson ethos of Knowledge. Shared informs our approach to ESG integration. Our investment teams share all research and frequently discuss ESG-related issues. We also subscribe to a wide range of external specialist ESG research, which is made available to all our investment teams, which includes:

 

  • Sell-side and independent research
  • Company ESG ratings
  • Corporate governance ratings
  • Company environmental data, such as carbon emissions

ESG research and data are integrated on investment platforms used across the group. These platforms are also used to share and disseminate ESG research.
We have a dedicated, specialist in-house GRI team that works across all our investment teams. The team’s role includes:

 

  • Leading on initiatives to further improve ESG integration
  • Working to ensure investment teams have access to the best ESG research available
  • Making the case for deeper ESG integration


Governance and Responsible Investment Team/Specialist ESG resource Members


Antony Marsden - Head of Governance and Responsible Investment


Antony Marsden is Head of Governance & Responsible Investment at Janus Henderson Investors, a title he has held as part of the Henderson team since 2014. In this role, he is responsible for leading the implementation of Janus Henderson’s responsible investment policies and for supporting the integration of environmental, social, and corporate governance (ESG) issues across Janus Henderson’s investment teams. Antony joined Henderson in 2005 as corporate governance manager. Prior to joining Henderson, he spent over six years at Pensions & Investment Research Consultants Ltd (PIRC), a corporate governance consultancy, in a variety of roles. Antony has a degree in politics and international studies from the University of Warwick and an MSc with distinction in corporate governance and ethics from Birkbeck College, University of London. He holds the Investment Management Certificate (IMC) and has 19 years financial industry experience.


David Ray - Analyst, Governance and Responsible Investment


David Ray is a Governance and Responsible Investment Analyst at Janus Henderson, a position he has held since joining Janus Henderson in 2018. Prior to Janus Henderson, David was employed in a research role at the Centre for Environmental Policy, Imperial College London, and has worked as a sustainability consultant on several large projects. Before working in sustainability, he was employed for three years as a scientist in a technical services and consultancy division of Cobham plc. David holds an MSc with distinction in environmental technology (environmental economics and policy specialisation) from Imperial College London, a BSc (Hons) in physics from the University of Sheffield, and the Investment Management Certificate (IMC).


Olivia Gull - Analyst, Governance and Responsible Investment


Olivia Gull is a Governance and Responsible Investment Analyst at Janus Henderson, a position she has held since June 2018. Olivia joined Henderson in 2015 and has worked on the broker relations team as well as the front office governance and risk team. Prior to Henderson, Olivia worked at the Centre for Chinese studies in South Africa while completing the Chinese Proficiency Exam (HSK 3). Olivia has a degree in international studies from Stellenbosch University, majoring in politics and Mandarin. She sits on the Janus Henderson Diversity and Inclusion EMEA council and holds the Investment Management Certificate (IMC). She has 3 years of financial industry experience.


Charlotte Nisbet - Analyst, Governance and Responsible Investment

Charlotte Nisbet is a Governance and Responsible Investment Analyst at Janus Henderson Investors, a position she has held since 2020. Prior to this, she was a senior investment manager at Sarasin & Partners from 2015. Earlier, she was an account executive at Smithfield Consultants from 2013.
Charlotte received her bachelor of arts degree (Hons) in history from Newcastle University in the UK. She sits on the Janus Henderson Gender Diversity EMEA council. Charlotte holds the Investment Management Certificate (IMC), Chartered Wealth Management Certificate and has 4 years of financial industry experience.


ESG Approach to Risk

ESG issues are integrated into our risk and portfolio review processes. Portfolio managers receive ESG investment risk reports detailing portfolio exposure to companies rated highest risk for ESG issues, as well as overall portfolio performance and any changes to company ratings. These ESG risk reports are discussed at regular portfolio risk review meetings.


Third party ESG providers


Janus Henderson subscribes to a wide range of specialist ESG research providers, including:

 

  • MSCI
  • Vigeo EIRIS
  • ISS Climate Impact
  • Sustainalytics
  • Institutional Voting Information Service (IVIS)
  • RepRisk
  • ISS Quality Score
  • other specialist broker research


ESG Affiliations, Memberships and Certifications


Janus Henderson has a Responsible Investment Policy which sets out our approach to ESG issues, including proxy voting, for our investment management business, which includes all our equities and fixed income team.


As part of our commitment to responsible investment, Janus Henderson is involved in a wide range of ESG related initiatives as a member, supporter or in an advisory capacity.

 

ESG Memberships /Affiliations/Signatories

  • UN Principles of Responsible Investment (UNPRI) and various sub-groups:Legacy Henderson is a founding signatory, joining up in April 2006. Legacy Janus joined in 2014
  • The Investment Association: Pre-1990
  • UK Sustainable Investment Forum (UKSIF): - 1991
  • Pensions and Lifetime Savings Association (PLSA) - A Janus Henderson employee sits on the Stewardship Advisory Group. - 1993
  • Carbon Disclosure Project (CDP) - 2000
  • Institutional Investors Group on Climate Change (IIGCC) - Janus Henderson is a founder member. - 2002
  • Access to Medicine Index - 2004
  • European Sustainable Investment Forum - 2005
  • Asian Corporate Governance Association(ACGA) - 2014
  • The Investor Forum - 2016
  • Business Benchmark on Farm Animal Welfare - 2017
  • Taskforce on Climate-related Financial Disclosures (TCFD) - Janus Henderson is a TCFD Supporter.
  • Climate Action 100+ - 2017
  • Global Impact Investing Network (GIIN) - 2019
  • UK and Japanese Stewardship Codes - Supporter
  • NZC10 Climate Initiative - Co-Sponsor
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