TM P1 Ethical World Fund
SRI Style:
Sustainable Style
SDR Labelling:
Working towards adopting label
Product:
OEIC
Fund Region:
Global
Fund Asset Type:
Multi Asset
Launch Date:
13/01/2021
Last Amended:
Jun 2024
Dialshifter (
):
Fund/Portfolio Size:
£32.05m
(as at: 31/12/2024)
Total Screened Themed SRI Assets:
£26.50m
Total Responsible Ownership Assets:
£26.50m
Total Assets Under Management:
£30.00m
ISIN:
GB00BMFKHV86, GB00BMFKHT64
Contact Us:
Objectives:
The Fund aims to deliver income and capital growth, net of fees, on a total return basis whilst providing investors with exposure to a diversified portfolio invested in an ethically conscious way following the Investment Managers' ethical investment policy. Investors should be aware that there is no guarantee that this objective will be achieved and capital is at risk. The Fund may invest in a broad range of asset classes including fixed interest (approx. 10-40%) e.g. corporate & government bonds (which may include investment and sub-investment grade bonds), debentures and equities (approx. 50-80%). The Fund may also invest in property REITs as well as money market instruments, deposits, warrants, cash and near cash. Exposure to these asset classes (between 80-100%) will be gained primarily through the use of collective investment schemes although the Fund may also invest directly. In addition, the Fund will aim to support enterprises who are actively working to address global warming issues, as detailed in “Non-Financial Objectives”.
Sustainable, Responsible
&/or ESG Overview:
The TM P1 Ethical World Fund allows investors convenient access to P1’s flagship Sustainable Investing service through a simple fund structure. The fund uses P1’s expertise in running Ethical and Sustainable portfolios since 2017. The fund is managed by Dr Quintin Rayer, P1’s Head of Sustainable Investing, and Will Dickson, CIO.
The fund invests across asset classes and geographical regions, primarily though actively managed funds. The TM P1 Sustainable World Fund is fully fossil-divested, actively invests in renewable energy, and is a forerunner in the movement towards a net-zero carbon economy. It achieves this through active engagement with the underlying investments including an innovative 2030 target.
The fund can be used as a single sustainable solution or as part of the wider portfolio.
With a unique second objective to tackle climate change, investing in the fund makes investors part of the solution.
Primary fund last amended:
Jun 2024
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
Environmental - General
Has policies which relate to environmental issues. These will typically set out their stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary.
Options that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change). Strategies vary.
Has documented policies explaining the approach to environmental damage and pollution. 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.
Avoid investment in major coal, oil and/or gas (extraction) companies. Strategies vary.
Avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary.
Avoid companies that are involved in extracting oil from the Arctic regions.
Avoid investing in companies / assets with coal, oil and gas reserves. See individual entry information for further details.
Invest (or may invest) in clean / renewable energy companies and other assets. The proportion directly or indirectly invested in renewable energy may vary over time.
Encourage the transition to lower carbon activities through asset selection and / or responsible ownership activity.
Invest in renewable energy companies and / or companies where renewable energy is a significant part of their business. Strategies vary.
Aims to ensure holdings will reduce their greenhouse gas emissions in line with targets set at COP21 in Paris. The core aim is to help achieve ‘net zero emissions by 2050’ and a ‘maximum global temperature increase of +1.5 to +2 degrees above preindustrial levels’. Strategies and opinions vary.
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/
Requires all, or most of, the assets they invest in to have a ‘net zero action plan’ - describing how they will reduce their greenhouse gas emissions.
Social / Employment
Aims to invest in assets with high social values - this may include strong human rights, labour standards and equal opportunities or safety related practices.
Ethical Values Led Exclusions
Companies are excluded if they are involved in any aspect of the production chain for tobacco products, including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
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.
Avoids companies that manufacture weapons intended specifically for military use. Strategies vary - may or may not include non-strategic military products.
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.
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).
Banking & Financials
Avoids banks that have a large part of their loan book (or other assets) invested in fossil fuels companies - particular coal, oil and gas.
Avoids investing in insurance companies that insure major fossil fuels companies – particularly coal, oil and gas. Strategies (eg definition of ‘major’) vary.
Governance & Management
Aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity
Asset Size
Invests in a combination of small, medium and larger (potentially multinational) companies / assets.
Targeted Positive Investments
Invests in loan stock that is exclusively used to finance environmental and social projects. See ICMA Sustainable Bond Guidelines.
Impact Methodologies
Has policies that aim to help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies they regard as beneficial to people and / or the planet. Strategies vary.
How The Fund/Portfolio Works
Invests in assets which have an ESG strategy (which is typically focused on avoiding companies that pose environmental, social or governance related risks) together with additional criteria such as positive and/or negative screens, themes and 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).
Unscreened Assets & Cash
Holds at least 90% 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.
Designed for clients who care about ethical and values-based issues, often alongside sustainability issues also.
Designed to meet the needs of individual investors with an interest in ‘Impact investment’ which help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies regarded as beneficial to people and / or the planet. Strategies vary.
Available via a tax efficient ISA product wrapper.
Only applicable for DFM’s & portfolio providers. Finds those that offer an SRI / ESG portfolio option
Only applicable for DFM’s & portfolio providers. Find service providers who offer multiple SRI / ESG portfolio options
Only applicable for DFM’s & portfolio providers. Find service providers who offer bespoke ('personalised') SRI / ESG portfolio options
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.
The leadership team of this fund / asset manager have performance targets linked to environmental goals.
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.
Collaborations & Affiliations
Find fund / asset management companies that are members of UKSIF - the UK Sustainable Investment and Finance association
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 a fund / asset 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.
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.
Engagement Approach
Find fund / asset management companies that regularly initiate or run industry wide (collaborative) investor projects aimed at raising environmental, social and governance standards amongst investee companies.
Company Wide Exclusions
Find fund / asset management companies that avoid investment in fossil fuel companies (e.g. coal, oil and gas) across all of their funds. (and/ or other assets.)
This fund / asset manager has a strategy in place that will lead them to exit direct investments in the coal mining industry. Managers ability to do this may depend on the geographic regions in which they invest.
This fund / asset manager excludes direct investment in the coal mining industry. Managers ability to do this may depend on the geographic regions in which they invest.
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.
Fund / asset manager AGM / EGM voting strategy has processes in place that mean they will normally be expected to vote in a way that will encourage the transition to net zero greenhouse gas emissions.
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.
Find fund / asset management companies that are working to reduce their own (fund management company) carbon/greenhouse gas 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 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.
This fund / asset management company has published a plan that explains how they are to become a sustainable business - without significant negative environmental or social impacts.
This fund / asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.
This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.
Find fund / asset management companies that have supplied Dialshifter information. See Dialshifter tab within record for more information.
Sustainable, Responsible &/or ESG Policy:
The Fund invests in assets that meet the requirements of the Investment Managers' ethical investment policy.
The ethical investment policy seeks to identify funds or direct investments subject to robust ethical investment policies. Funds and directly held assets must pass a due diligence process designed to assess their ethical credentials.
For funds, ethical due diligence includes: collection of documents from the fund provider explaining the process and policies used by the fund manager; fund manager interview; follow-up actions. Areas covered include: adherence to minimum requirements; assessment of exclusions; assessment of engagements carried out; assessment of other policies used (including but not restricted to best-in-class approaches, positive screening, integrated ESG approaches, impact investing approaches); commitment to ethical and sustainability issues; experience and qualifications of fund management staff; evidence supporting fund manager claims; follow up information provided.
The Investment Manager’s ethical investment policy is subject to continuous improvement under the guidance of our external ethical oversight committee.
The Fund will aim to support companies who are actively working to address global warming issues. It will do this by focusing on fossil divested investments, renewable energy assets, and through investment in funds that lead companies to achieve net-zero emissions.
Resources, Affiliations & Corporate Strategies:
Investment managers:
- Dr Quintin Rayer (Head of Ethical & Sustainable Investment):
Quintin has worked for actuarial and investment consultancy firms as well as a multi-national European bank for nearly ten years including wide experience in quantitative fund and risk analysis. He is a Fellow of the Institute of Physics, a Chartered Fellow of the Chartered Institute for Securities and Investments and a Chartered Wealth Manager. Quintin has completed the Sustainable Investment Professional Certification (SIPC) becoming this programme’s second graduate in the UK.
As Head of P1’s Research, Quintin is a published academic on topics including; Ethical Real Estate, Global Warming and Extreme Weather Investment Risks (using CDP data) and much more. Find all of P1’s and Quintin’s research here.
- Will Dickson (CIO):
Will achieved an MSc in Finance and Investment from the University of Exeter and an Accounting and Finance BSc from the University of Bath. Will has subsequently gained the Chartered Institute of Securities and Investments’ Chartered Wealth Manager qualification. Will’s talent is recognised by Citywire having been named as one of the Top 30 investment managers under the age of 30 four years in a row.
P1’s External Oversight Committee:
The committee reviews ethical and sustainability issues, and topics posed to them by the investment team to ensure that every fund P1 selects has robust ethical investment policies. P1’s Ethical Oversight Committee meets regularly, engages on ethical and sustainability issues, raises difficult questions and audits our process.
- Environment:
Dr Peter Walton is a Knowledge Exchange Research Fellow based in UK Climate Impacts Programme, where he is responsible for developing and supporting knowledge exchange opportunities with external stakeholders. Pete’s academic and professional career combines both Climate Change and Education, providing him with the expertise in adaptation and climate change impacts and the skills to communicate the practical implications of such impacts to a wide range of audiences.
- Social:
Prof Sarah Walters is Professor of French Studies at the University of Leeds. Her research focuses on the workplace, working conditions and labour reform in France and internationally. She recently completed a major research project on work-related suicides in France that was funded by the Wellcome Trust and the Arts and Humanities Research Council. She has published widely in the international media and contributed to radio programmes in Europe and the United States.
- Governance:
Prof Grzegorz Trojanowski is Professor of Finance at the University of Exeter Business School. He holds a PhD in Business from Tilburg University. His research interests include empirical corporate finance, corporate governance, corporate social responsibility, and international business, with a particular focus on the composition and diversity of boards of directors and of top management teams.
P1’s Net-Zero Carbon 10
- Our Net-Zero Carbon 10 (NZC10) target was designed as a way to help funds better align their investment policies with carbon-neutrality, not just emissions reduction.
- NZC10 provides a systematic framework, it is designed to be practical to implement by fund managers and easily understood by investors.
- By adopting NZC10 fund managers and other investors in direct securities join a group of investors that intend to promote beneficial economic change addressing global warming.
- Few sustainable funds challenge company boards on their strategies to achieve net-zero carbon emissions, NZC10 provides a tool to do so.
- NZC10’s ambitious 2030 target shows clear climate leadership and response to the increasing academic work that indicates the often used 2050 date for carbon neutrality will be too late.
- NZC10 promotes investment in carbon-neutral firms across industries, helping move the whole economy towards carbon-neutrality.
- There is no charge for funds and fund managers to adopt NZC10. It is an engagement tool developed in collaboration with climate scientists to promote climate friendly investing.
- Currently signed up 10 fund houses with 12 funds having combined AUM’s of £14.4 billion (July 2022).
Members & Signatories of:
- ShareAction Investor Decarbonisation Initiative
- Lofoten Declaration signatory
- Plastics Investors Alliance
- Carbon Disclosure Project (CDP)
- UK Sustainable Investment & Finance Association (UKSIF)
- ISO 140001 registered and Audited
More info: https://p1-im.co.uk/p1-sustainable-world-fund/
Dialshifter
This fund is helping to ‘shift the dial from brown to green’ by...
Ethical Oversight Committee:
P1 Investment Management has taken the unusual step of appointing an external ethical oversight committee to guide its position on ethical and sustainable investment topics and policies. We are one of only a handful of wealth managers and fund houses in the UK to adopt this external monitoring
The Ethical Oversight Committee reviews ethical and sustainability issues, and topics posed to them by the investment team to ensure that every fund P1 selects has robust ethical investment policies. P1’s Ethical Oversight Committee meets regularly, engages on ethical and sustainability issues, raises difficult questions and audits our process.
Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by...
The Net-Zero Carbon 10 Target:
Our Net-Zero Carbon 10 (NZC10) target was designed as a way to help funds better align their investment policies with carbon-neutrality, not just emissions reduction. It is designed to be practical to implement by fund managers and easily understood by investors.
Few sustainable funds challenge company boards on their strategies to achieve net-zero carbon emissions. This meant a target with a systematic framework was needed to help with engagement.
NZC10 promotes investment in carbon-neutral firms and provides a framework for stockholders to engage with company boards to develop strategies for net-zero emissions.
Current signed up fund managers total £6.4bn AUM. (as at March 21)
SDR Labelling:
Working towards adopting label
Key Performance Indicators:
Fossil Divestment (Percentage of fund assets in fossil divested investments) – Target 100%, current status 100%.
Renewable Energy (Percentage of fund assets invested in renewable energy assets) – Target 10%, current status 14.8%.
Leading companies to achieving net zero emissions as quickly as possible (Percentage of fund assets invested in funds that have adopted the carbon-neutrality objective below; or an objective we consider to be equivalent, or better. The carbon-neutrality objective has a focus on promoting a net-zero economy by 2030) – Target 25% at launch and thereafter, rising to 85% by 2030, current status 34.8%.
- Consumer Facing Disclosure link
SDR Literature:
| Fund Name | SRI Style | SDR Labelling | Product | Region | Asset Type | Launch Date | Last Amended |
|
|---|---|---|---|---|---|---|---|---|
TM P1 Ethical World Fund |
Sustainable Style | Working towards adopting label | OEIC | Global | Multi Asset | 13/01/2021 | Jun 2024 | |
ObjectivesThe Fund aims to deliver income and capital growth, net of fees, on a total return basis whilst providing investors with exposure to a diversified portfolio invested in an ethically conscious way following the Investment Managers' ethical investment policy. Investors should be aware that there is no guarantee that this objective will be achieved and capital is at risk. The Fund may invest in a broad range of asset classes including fixed interest (approx. 10-40%) e.g. corporate & government bonds (which may include investment and sub-investment grade bonds), debentures and equities (approx. 50-80%). The Fund may also invest in property REITs as well as money market instruments, deposits, warrants, cash and near cash. Exposure to these asset classes (between 80-100%) will be gained primarily through the use of collective investment schemes although the Fund may also invest directly. In addition, the Fund will aim to support enterprises who are actively working to address global warming issues, as detailed in “Non-Financial Objectives”. |
Fund/Portfolio Size: £32.05m (as at: 31/12/2024) Total Screened Themed SRI Assets: £26.50m (as at: 31/12/2024) Total Responsible Ownership Assets: £26.50m (as at: 31/12/2024) Total Assets Under Management: £30.00m (as at: 31/12/2024) ISIN: GB00BMFKHV86, GB00BMFKHT64 Contact Us: info@p1-im.co.uk |
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Sustainable, Responsible &/or ESG OverviewThe TM P1 Ethical World Fund allows investors convenient access to P1’s flagship Sustainable Investing service through a simple fund structure. The fund uses P1’s expertise in running Ethical and Sustainable portfolios since 2017. The fund is managed by Dr Quintin Rayer, P1’s Head of Sustainable Investing, and Will Dickson, CIO.
The fund invests across asset classes and geographical regions, primarily though actively managed funds. The TM P1 Sustainable World Fund is fully fossil-divested, actively invests in renewable energy, and is a forerunner in the movement towards a net-zero carbon economy. It achieves this through active engagement with the underlying investments including an innovative 2030 target.
The fund can be used as a single sustainable solution or as part of the wider portfolio. With a unique second objective to tackle climate change, investing in the fund makes investors part of the solution. |
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Primary fund last amended: Jun 2024 |
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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 Environmental - General
Environmental policy
Has policies which relate to environmental issues. These will typically set out their stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary.
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.
Environmental damage & pollution policy
Has documented policies explaining the approach to environmental damage and pollution. 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.
Coal, oil & / or gas majors excluded
Avoid investment in major coal, oil and/or gas (extraction) companies. Strategies vary.
Fracking & tar sands excluded
Avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary.
Arctic drilling exclusion
Avoid companies that are involved in extracting oil from the Arctic regions.
Fossil fuel reserves exclusion
Avoid investing in companies / assets with coal, oil and gas reserves. See individual entry information for further details.
Clean / renewable energy theme or focus
Invest (or may invest) in clean / renewable energy companies and other assets. The proportion directly or indirectly invested in renewable energy may vary over time.
Encourage transition to low carbon through stewardship activity
Encourage the transition to lower carbon activities through asset selection and / or responsible ownership activity.
Invests in clean energy / renewables
Invest in renewable energy companies and / or companies where renewable energy is a significant part of their business. Strategies vary.
Paris aligned strategy
Aims to ensure holdings will reduce their greenhouse gas emissions in line with targets set at COP21 in Paris. The core aim is to help achieve ‘net zero emissions by 2050’ and a ‘maximum global temperature increase of +1.5 to +2 degrees above preindustrial levels’. Strategies and opinions vary.
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/
Require net zero action plan from all / most companies
Requires all, or most of, the assets they invest in to have a ‘net zero action plan’ - describing how they will reduce their greenhouse gas emissions. Social / Employment
Favours companies with strong social policies
Aims to invest in assets with high social values - this may include strong human rights, labour standards and equal opportunities or safety related practices. Ethical Values Led Exclusions
Tobacco & related product manufacturers excluded
Companies are excluded if they are involved in any aspect of the production chain for tobacco products, including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
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.
Armaments manufacturers avoided
Avoids companies that manufacture weapons intended specifically for military use. Strategies vary - may or may not include non-strategic military products.
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. 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). Banking & Financials
Exclude banks with significant fossil fuel investments
Avoids banks that have a large part of their loan book (or other assets) invested in fossil fuels companies - particular coal, oil and gas.
Exclude insurers of major fossil fuel companies
Avoids investing in insurance companies that insure major fossil fuels companies – particularly coal, oil and gas. Strategies (eg definition of ‘major’) vary. Governance & Management
Encourage higher ESG standards through stewardship activity
Aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity Asset Size
Invests in small, mid & large cap companies / assets
Invests in a combination of small, medium and larger (potentially multinational) companies / assets. Targeted Positive Investments
Invests > 5% in sustainable bonds
Invests in loan stock that is exclusively used to finance environmental and social projects. See ICMA Sustainable Bond Guidelines. Impact Methodologies
Aims to generate positive impacts (or 'outcomes')
Has policies that aim to help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies they regard as beneficial to people and / or the planet. Strategies vary. How The Fund/Portfolio Works
Combines ESG strategy with other SRI criteria
Invests in assets which have an ESG strategy (which is typically focused on avoiding companies that pose environmental, social or governance related risks) together with additional criteria such as positive and/or negative screens, themes and 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). Unscreened Assets & Cash
Assets typically aligned to sustainability objectives > 90%
Holds at least 90% 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.
Intended for clients interested in ethical issues
Designed for clients who care about ethical and values-based issues, often alongside sustainability issues also.
Intended for clients who want to have a positive impact
Designed to meet the needs of individual investors with an interest in ‘Impact investment’ which help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies regarded as beneficial to people and / or the planet. Strategies vary.
Available via an ISA (OEIC only)
Available via a tax efficient ISA product wrapper.
Portfolio SRI / ESG options available
Only applicable for DFM’s & portfolio providers. Finds those that offer an SRI / ESG portfolio option
Multiple SRI / ESG portfolio options available
Only applicable for DFM’s & portfolio providers. Find service providers who offer multiple SRI / ESG portfolio options
Bespoke SRI / ESG portfolios available
Only applicable for DFM’s & portfolio providers. Find service providers who offer bespoke ('personalised') SRI / ESG portfolio options 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.
Senior management KPIs include environmental goals (AFM companywide)
The leadership team of this fund / asset manager have performance targets linked to environmental goals.
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. Collaborations & Affiliations
UKSIF member
Find fund / asset management companies that are members of UKSIF - the UK Sustainable Investment and Finance association 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.
Employ specialist ESG / SRI / sustainability researchers
Find a fund / asset 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 / 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. Engagement Approach
Regularly lead collaborative ESG initiatives (AFM companywide)
Find fund / asset management companies that regularly initiate or run industry wide (collaborative) investor projects aimed at raising environmental, social and governance standards amongst investee companies. Company Wide Exclusions
Fossil fuel exclusion policy (AFM companywide)
Find fund / asset management companies that avoid investment in fossil fuel companies (e.g. coal, oil and gas) across all of their funds. (and/ or other assets.)
Coal divestment policy (AFM companywide)
This fund / asset manager has a strategy in place that will lead them to exit direct investments in the coal mining industry. Managers ability to do this may depend on the geographic regions in which they invest.
Coal exclusion policy (group wide coal mining exclusion policy)
This fund / asset manager excludes direct investment in the coal mining industry. Managers ability to do this may depend on the geographic regions in which they invest. 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.
Voting policy includes net zero targets (AFM companywide)
Fund / asset manager AGM / EGM voting strategy has processes in place that mean they will normally be expected to vote in a way that will encourage the transition to net zero greenhouse gas emissions.
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.
In-house carbon / GHG reduction policy (AFM companywide)
Find fund / asset management companies that are working to reduce their own (fund management company) carbon/greenhouse gas 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
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.
Sustainability transition plan publicly available (AFM companywide)
This fund / asset management company has published a plan that explains how they are to become a sustainable business - without significant negative environmental or social impacts.
Paris Alignment plan publicly available (AFM companywide)
This fund / asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.
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.
Dialshifter statement
Find fund / asset management companies that have supplied Dialshifter information. See Dialshifter tab within record for more information. Sustainable, Responsible &/or ESG Policy:The Fund invests in assets that meet the requirements of the Investment Managers' ethical investment policy. The ethical investment policy seeks to identify funds or direct investments subject to robust ethical investment policies. Funds and directly held assets must pass a due diligence process designed to assess their ethical credentials. For funds, ethical due diligence includes: collection of documents from the fund provider explaining the process and policies used by the fund manager; fund manager interview; follow-up actions. Areas covered include: adherence to minimum requirements; assessment of exclusions; assessment of engagements carried out; assessment of other policies used (including but not restricted to best-in-class approaches, positive screening, integrated ESG approaches, impact investing approaches); commitment to ethical and sustainability issues; experience and qualifications of fund management staff; evidence supporting fund manager claims; follow up information provided. The Investment Manager’s ethical investment policy is subject to continuous improvement under the guidance of our external ethical oversight committee. The Fund will aim to support companies who are actively working to address global warming issues. It will do this by focusing on fossil divested investments, renewable energy assets, and through investment in funds that lead companies to achieve net-zero emissions. Resources, Affiliations & Corporate Strategies:Investment managers:
Quintin has worked for actuarial and investment consultancy firms as well as a multi-national European bank for nearly ten years including wide experience in quantitative fund and risk analysis. He is a Fellow of the Institute of Physics, a Chartered Fellow of the Chartered Institute for Securities and Investments and a Chartered Wealth Manager. Quintin has completed the Sustainable Investment Professional Certification (SIPC) becoming this programme’s second graduate in the UK. As Head of P1’s Research, Quintin is a published academic on topics including; Ethical Real Estate, Global Warming and Extreme Weather Investment Risks (using CDP data) and much more. Find all of P1’s and Quintin’s research here.
Will achieved an MSc in Finance and Investment from the University of Exeter and an Accounting and Finance BSc from the University of Bath. Will has subsequently gained the Chartered Institute of Securities and Investments’ Chartered Wealth Manager qualification. Will’s talent is recognised by Citywire having been named as one of the Top 30 investment managers under the age of 30 four years in a row.
P1’s External Oversight Committee: The committee reviews ethical and sustainability issues, and topics posed to them by the investment team to ensure that every fund P1 selects has robust ethical investment policies. P1’s Ethical Oversight Committee meets regularly, engages on ethical and sustainability issues, raises difficult questions and audits our process.
Dr Peter Walton is a Knowledge Exchange Research Fellow based in UK Climate Impacts Programme, where he is responsible for developing and supporting knowledge exchange opportunities with external stakeholders. Pete’s academic and professional career combines both Climate Change and Education, providing him with the expertise in adaptation and climate change impacts and the skills to communicate the practical implications of such impacts to a wide range of audiences.
Prof Sarah Walters is Professor of French Studies at the University of Leeds. Her research focuses on the workplace, working conditions and labour reform in France and internationally. She recently completed a major research project on work-related suicides in France that was funded by the Wellcome Trust and the Arts and Humanities Research Council. She has published widely in the international media and contributed to radio programmes in Europe and the United States.
Prof Grzegorz Trojanowski is Professor of Finance at the University of Exeter Business School. He holds a PhD in Business from Tilburg University. His research interests include empirical corporate finance, corporate governance, corporate social responsibility, and international business, with a particular focus on the composition and diversity of boards of directors and of top management teams.
P1’s Net-Zero Carbon 10
Members & Signatories of:
More info: https://p1-im.co.uk/p1-sustainable-world-fund/
Dialshifter (Fund)This fund is helping to ‘shift the dial from brown to green’ by... Ethical Oversight Committee: P1 Investment Management has taken the unusual step of appointing an external ethical oversight committee to guide its position on ethical and sustainable investment topics and policies. We are one of only a handful of wealth managers and fund houses in the UK to adopt this external monitoring The Ethical Oversight Committee reviews ethical and sustainability issues, and topics posed to them by the investment team to ensure that every fund P1 selects has robust ethical investment policies. P1’s Ethical Oversight Committee meets regularly, engages on ethical and sustainability issues, raises difficult questions and audits our process.
Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by... The Net-Zero Carbon 10 Target: Our Net-Zero Carbon 10 (NZC10) target was designed as a way to help funds better align their investment policies with carbon-neutrality, not just emissions reduction. It is designed to be practical to implement by fund managers and easily understood by investors. Few sustainable funds challenge company boards on their strategies to achieve net-zero carbon emissions. This meant a target with a systematic framework was needed to help with engagement. NZC10 promotes investment in carbon-neutral firms and provides a framework for stockholders to engage with company boards to develop strategies for net-zero emissions. Current signed up fund managers total £6.4bn AUM. (as at March 21) SDR Labelling:Working towards adopting label Key Performance Indicators:
Fossil Divestment (Percentage of fund assets in fossil divested investments) – Target 100%, current status 100%. Renewable Energy (Percentage of fund assets invested in renewable energy assets) – Target 10%, current status 14.8%. Leading companies to achieving net zero emissions as quickly as possible (Percentage of fund assets invested in funds that have adopted the carbon-neutrality objective below; or an objective we consider to be equivalent, or better. The carbon-neutrality objective has a focus on promoting a net-zero economy by 2030) – Target 25% at launch and thereafter, rising to 85% by 2030, current status 34.8%.
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