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The investment industry can have a positive influence in the management of environmental, social and governance issues that can impact the long-term investment returns upon which savers rely for their financial security in retirement.  At the same time we need to create a more inclusive industry which embraces diversity and attracts the best skills and talent available. As with all businesses we also need to continually seek ways to reduce the direct and indirect impacts of our activity on the environment.

  • Over 2,300 signatories managing over $86 trillion have committed to the Principles for Responsible Investment
  • There are just 6 female CEOs in the FTSE100, and 8 in the FTSE250 (As at Oct 2018)
  • Just 4% of UK fund assets are managed exclusively by women fund managers
  • The average mean pay gap for investment management is 31%, only topped by banking
  • The UK’ is the first major economy to set a legal target of net zero greenhouse gas emissions by 2050

Find out more about our approach to responsible Investment here.

Our 2025 commitments:

Improve access to financial advice and guidance


Progress:

Building on our existing responsible investment activity we continued to embed ESG considerations across our business during 2019.

We also incorporated ESG considerations more deeply into our fund manager research process and we used our voting and engagement rights to promote high standards of corporate governance amongst the companies we invest in directly.

Create an inclusive culture at work that embraces diversity

Progress:

We built on our existing inclusion activity in 2019 to encompass a greater focus on LGBT+.

We supported the launched of LGBTGreat which is a collaborative organisation working to develop all aspects of LGBT+ equality and inclusion within the investment industry.

We also continued to focus on our target to reach at least 35% women in our senior leadership community.  We participatied in the Diversity Project, the HM Treasury Women in Finance Charter and the annual Hampton Alexander Review on FTSE Women Leaders.

Reduce the environmental intensity of our activities

Progress:

Despite growing our business during 2019 we took some important steps which helped us reduce our direct environmental impact.

We reviewed and refined our environmental management strategy to focus on reducing our greenhouse gas (GHG) emissions and reducing waste.

We also secured a new lease for our new London headquarters, which will consolidate three buildings into one at Senator House. The building design and refurbishment has incorporated environmental features which have led to the building achieving a BREEAM Very Good rating.

Find our more in our resposible business report

Our Shared Prosperity Plan is how we will grow our business responsibly, aiming to create long-term value for all our stakeholders, including customers, colleagues, communities and shareholders. Find out more in our Responsible Business Report 2018.

UN Sustainable Development Goals

Our work on responsible investment supports two of the UN Sustainable Development Goals:

  • 5: Gender equality
  • 8: Decent work and economic growth
  • 13: Climate action

Source: https://www.un.org/sustainabledevelopment/sustainable-development-goals/