Sustainability is at the core of our culture and how we run our business. We approach sustainability from first principles. We are sustainable investors above all because we are convinced it is the right thing to do.
Our clients are overwhelmingly pension schemes. Their members and beneficiaries represent a broad swathe of society in the UK and Europe across industries, income levels, age groups and cultural and ethnic backgrounds.
The youngest members of these schemes may be over 50 years away from retirement. Many of them will have families who will live into the next century. We believe that our clients’ members and their dependents should enjoy a quality of life similar to or better than that possible at present. This should be in a sustainable and less polluted environment and within a fairer society where they can enjoy financial security.
Annual Sustainability Report
Our 2023 Sustainability Activities
This report outlines our sustainability highlights from across the Cardano Group over the past year – our investments, our work with clients, and the themes at the heart of our approach.
This report outlines our sustainability highlights from across the Cardano Group over the past year – our investments, our work with clients, and the themes at the heart of our approach.
The UK Stewardship Code sets high stewardship standards for those investing money on behalf of savers and pensioners, and those that support them. We are delighted to have retained our signatory status for another year.
Our report outlines our stewardship approach across the Cardano Group and covers the following topics:
The UK Stewardship Code sets high stewardship standards for those investing money on behalf of savers and pensioners, and those that support them. We are delighted to have retained our signatory status for another year.
Our report outlines our stewardship approach across the Cardano Group and covers the following topics:
Task Force on Climate-Related Financial Disclosures report for Cardano Risk Management Limited
This report outlines our approach to managing climate change risks and opportunities, and our Net Zero climate commitments. It is produced in line with the recommendations of the Task Force on Climate-related Financial Disclosures and in compliance with the regulatory requirements from the Financial Conduct Authority.
Task Force on Climate-Related Financial Disclosures report for Cardano Risk Management Limited
This report outlines our approach to managing climate change risks and opportunities, and our Net Zero climate commitments. It is produced in line with the recommendations of the Task Force on Climate-related Financial Disclosures and in compliance with the regulatory requirements from the Financial Conduct Authority.
We believe we can contribute to the transition towards a sustainable society in the way we invest and steward our clients assets. Apart from being core to our corporate values and right for our business, our society and our world, there are other, compelling reasons for investing sustainably:
we believe incorporating Environmental, Social and Governance risk assessment leads to better risk-adjusted outcomes in the long term;
it can help uncover new investment opportunities;
and it allows us to anticipate and prepare for regulatory and policy change.
We incorporate environmental, social and governance (ESG) risks and opportunities into our investment analysis, decisions and advice, by focusing on where this can be most impactful.
More than just the right thing to do
We believe we can contribute to the transition towards a sustainable society in the way we invest and steward our clients assets. Apart from being core to our corporate values and right for our business, our society and our world, there are other, compelling reasons for investing sustainably:
we believe incorporating Environmental, Social and Governance risk assessment leads to better risk-adjusted outcomes in the long term;
it can help uncover new investment opportunities;
and it allows us to anticipate and prepare for regulatory and policy change.
We incorporate environmental, social and governance (ESG) risks and opportunities into our investment analysis, decisions and advice, by focusing on where this can be most impactful.
Making a difference
We believe that sustainable investing can contribute to more sustainable capital markets – and the transition towards a sustainable society. We focus our resources where we are passionate, knowledgeable and can have an impact. Our priority themes are:
environmental: operating within planetary boundaries means tackling climage change, biodiversity loss, sustainable water use the management of materials and waste as we transition towards a circular economy.
the provision of social foundations including basic needs, promoting a fairer society and strong governance.
developing sustainable emerging markets.
By assessing the real-world contribution of our investments to the transition, we better understand the risks and opportunities associated with the transition to a more sustainable society. Our Sustainability Investment Policy sets out our approach in more detail.
Making a difference
We believe that sustainable investing can contribute to more sustainable capital markets – and the transition towards a sustainable society. We focus our resources where we are passionate, knowledgeable and can have an impact. Our priority themes are:
environmental: operating within planetary boundaries means tackling climage change, biodiversity loss, sustainable water use the management of materials and waste as we transition towards a circular economy.
the provision of social foundations including basic needs, promoting a fairer society and strong governance.
developing sustainable emerging markets.
By assessing the real-world contribution of our investments to the transition, we better understand the risks and opportunities associated with the transition to a more sustainable society. Our Sustainability Investment Policy sets out our approach in more detail.
Climate Crisis
The climate crisis is one of the most fundamental challenges confronting the global economy. The climate crisis refers to global warming and the resulting increase in weather events driven by the emissions of greenhouse gases. We support the goals of the Paris Climate Agreement to limit global warming to 1.5°C above pre-industrial levels. We do this by committing our investment portfolios to net-zero carbon emissions by 2050, with ambitious interim targets.
A fairer society
Our overriding corporate goal is ‘fair pensions for everyone’. We wish to achieve financial security in old age for pension fund members in an equitable and safe society. We are exploring ways to improve society in the United Kingdom and in the Netherlands, to foster diversity and inclusiveness, and to improve the well-being and financial security of pension fund members and their families. We respect and support human rights and seek to avoid human rights abuses.
Sustainable Development in Emerging Markets
We support the sustainable development of nations in the emerging world, where impactful change can be most meaningful and who are most vulnerable to the effects of climate change transition. We support capital flows to private impact investment opportunities in the emerging markets, where we believe impact investors can create the most real-world impact per pound invested. We can support clients with research, third party manager selection and segregated mandates in this area.
Our plan to address the climate crises
Climate change is one of the most substantial sustainability risks facing our economies and therefore is of critical financial importance for our clients and their beneficiaries.
We believe that our clients’ members and their dependents should enjoy a quality of life similar to or better than that possible at present. Therefore we seek stable, predictable and sustainable returns. We believe our approach to investment can contribute to the transition to a more sustainable society. In our sustainable investment policy here, we set out our beliefs in detail.
The rapid depletion of the world’s water supplies represents a major risk to investors and portfolio companies. We are committed to working towards water neutrality in our own portfolios and supporting our clients in playing their part. Water neutrality means that businesses in water-scarce areas consume no more water than nature can replenish.
The rapid depletion of the world’s water supplies represents a major risk to investors and portfolio companies. We are committed to working towards water neutrality in our own portfolios and supporting our clients in playing their part. Water neutrality means that businesses in water-scarce areas consume no more water than nature can replenish.
This report outlines our sustainability highlights from the past year – our investments, our work with clients, and the themes at the heart of our approach.
