We are delighted to present our second annual Climate Stewardship Report, which comes a year after we updated our Climate Change Strategy in 2023. Amid record-breaking heat, and equally troubling diminishing political ambition, it was a year for climate-focused investors, such as ourselves, to stand firm.

Building on a long-standing commitment to climate action and eight years of carbon footprinting, we launched our Climate Change Strategy in 2023. It is based on four pillars where we believe there is both a need for action and where we can make a difference. The four pillars – Decarbonise, Accelerate, Collaborate, and Embody – each address a different part of the low carbon transition, targeting the areas where investors have the biggest role to play.

This report reflects the important role we have in helping to accelerate systemic change.

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