Stewardship overview

Poppy field near Alvescott

Our purpose is to preserve and enhance the value of our client’s assets through long-term engagement and analysis.

However, we are not just investors, we also understand the influence we can have on the companies we invest in, on behalf of our clients. This is why we believe integrating environmental, social and governance (ESG) factors into our investment process and actively engaging with our investee companies, can help to sustain and improve returns for our clients, over the long term.

The team

We look for strength in depth within our team and have hired individuals with experience from a diverse range of backgrounds to ensure we address all of Evenlode’s values as a business and within our investment process.

As an employee-owned business the aim is to build a multi-generational team where the business can be handed from one set of employee-owners to another over time, whilst continuing to consistently apply the investment process to the portfolios we manage.

The concept of delivering in the long term for all stakeholders means that the team is structured to take collective ownership for the investment decisions made, whilst containing lines of individual responsibility to ensure that accountability is not dissolved.

Latest stewardship video

In this video, Lily Postlethwaite explains how Evenlode uses the steady increase in financed emissions analysis to make more informed investment decisions.

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Latest documents

  • Green leaf 5

    Quarterly Stewardship Report

    Q3 2024

    Download
  • Green leaf 8

    Annual Responsible Investment Report

    2023

    Download
  • Green leaf 4

    Annual Portfolio Emissions Report

    2023

    Download

Stewardship documents

We put strong emphasis on transparency and want to ensure our clients are informed about our responsible investment activities. Our reports provide insight into how we integrate environmental, social and governance (ESG) factors into our investment decision making process and highlight how our voting activities can act as a key engagement tool when initiating dialogue with the companies in our portfolio(s).

As a member of the Partnership for Carbon Accounting Financials (PCAF), Evenlode annually reports on the greenhouse gas emissions financed through our investment portfolios. This covers the scope 1, 2 and 3 emissions of each fund’s investee companies.

The Taskforce on Climate-Related Financial Disclosures (TCFD) has developed a framework to help companies disclose climate-related financial information. From June 2024, Evenlode publishes both entity level and product level TCFD reports which cover the previous calendar year (e.g. the 2024 report covers the year ended 31 December 2023).

Please see the individual fund pages for relevant reports.

We would like to emphasise our commitment to allocating 100% of our assets under management towards our net zero target. Our first Net Zero Roadmap is a significant milestone in our journey to achieve sustainable returns for our clients whilst also running a sustainable business, over the-long term. Our Net Zero Engagement and Voting Policy outlines the actions our stewardship and investment team will take to achieve our engagement and decarbonisation targets. This could include direct and collective engagement with portfolio companies, policy engagement, and active voting. The policy also sets out our engagement objectives and the escalation steps we will take should these objectives not be met within the set timeframe.

Evenlode Investment Management became a signatory to the United Nations Principles for Responsible Investment (UNPRI) in 2018. By becoming signatories, we commit to implementing these principles and incorporating environmental, social and governance factors into our investment process to help enhance returns and better manage risk for our clients.

By carrying out sufficient due diligence, we invest in companies that are being managed according to a strategy and principles with which we fundamentally agree with. We’re long-term stewards of our clients’ assets and believe well-governed businesses, when run in a sustainable way, can provide positive returns for shareholders and better outcomes for society at large.

As long-term investors, we consider Stewardship to be an important part of our investment philosophy, voting actively on all our holdings. We disclose all our voting activity on a quarterly basis and in the interests of best practice, transparency and investor information, provide details of when we have voted against management and the reasons for this.

ESG and sustainability ratings

  • SustainabilityRating_High

    Morningstar Sustainability

    Evenlode Income, Evenlode Global Income, Evenlode Global Equity and Evenlode Global Opportunities are based on 100% of AUM. Evenlode Global Dividend is based on 98.4% of AUM. All data as at 30 November 2024.

    The Morningstar® Sustainability Rating™ is intended to measure how well the issuing companies of the securities within a fund's portfolio holdings are managing their environmental, social, and governance risks relative to the fund's Morningstar Global Category peers.

  • morningstar low carbon - Small

    Morningstar Low Carbon

    Evenlode Income: 97.0%; Evenlode Global Income: 98.8%; Evenlode Global Equity: 98.6%; Evenlode Global Dividend: 97.6% as at 31 October 2024. Evenlode Global Opportunities: 97.4% as at 30 September 2024. Data based on percentage of AUM for each fund.

    The Morningstar® Low Carbon Designation™ is intended to allow investors to easily identify low-carbon funds across the global universe. The designation is an indicator that the companies held in a portfolio are in general alignment with the transition to a low-carbon economy.

  • msci_esg_aa - Small

    MSCI ESG

    Evenlode Income, Evenlode Global Income, Evenlode Global Equity, Evenlode Global Dividend and Evenlode Global Opportunities are based on 100.0% of AUM as at 30 November 2024.

    MSCI ESG Fund Ratings aim to measure the resilience of funds to long-term risks and opportunities arising from environmental, social and governance (ESG) issues. Each fund scores a rating on a scale from CCC (laggard) to AAA (leader). The rating is based first on the weighted average score of the underlying holdings of the fund. ESG momentum is then assessed to gain insight into the fund’s ESG track record, which is designed to indicate a fund’s exposure to holdings with a positive rating trend or worsening trend year over year. For more information on the methodology please click here.

    Note: The MSCI information may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.

Stewardship

Signatory of:

PRI-Logo
  • Investment & Stewardship Policy

    Rating: 4

  • Direct - Listed Equity Active fundamental - Incorporation

    Rating: 4

  • Direct - Listed Equity Active fundamental - Voting

    Rating: 4