Key responsible investment principles

Respect for human rights

Climate change action

Protection of biodiversity

Good governance

Exclusions and sectoral guidance

Our screening and due diligence process

We apply negative screens to sectors that conflict with our values or where engagement is unlikely to drive change. These include tobacco, adult entertainment, gambling, controversial weapons, and non-medical animal testing (see table on page 8 of the guide).

Each investment team follows defined thresholds and conducts robust due diligence for higher-risk exposures.

We also evaluate reputational, jurisdictional, and business ecosystem risks. A dedicated Sustainable Investment Subgroup (consisting of investment directors, department heads and partners) oversees decisions involving complex or borderline cases.

Assessing ESG risks and business quality

Every investment is evaluated for ESG alignment and sustainability risks, including:

  • Supply chain integrity
  • Jurisdictional and regulatory context
  • Use of proceeds (especially in project finance)
  • Governance and operational transparency

This process ensures our capital flows towards businesses with long-term resilience and strong values alignment.

ESG Governance and stewardship

We exercise stewardship through direct engagement, working with investee companies to promote better ESG outcomes. This includes:

  • Asking critical sustainability questions during origination and monitoring
  • Supporting improved disclosure and accountability
  • Participating in industry working groups to enhance market standards

We also maintain clear internal policies and decision-making structures to ensure sustainability is consistently considered across all investment mandates.

Looking for more v4