Sustainability and Stewardship Report

Our purpose is to invest for a better tomorrow. Our Sustainability & Stewardship Report details Ninety One’s work – on behalf of our clients and all of our stakeholders – towards a more sustainable future, including with respect to our investments, advocacy and corporate footprint.

Our Sustainability, Stewardship and Engagement Report includes:

  • Our approach to sustainability
  • Highlights, key figures and significant developments
  • Priorities for 2023-2024
  • Invest – how we invest sustainably for our clients and integrate environmental, social and governance factors
  • Advocate – how we use our voice in the markets to advocate for positive change among investors, companies and policymakers
  • Inhabit – how we aim to inhabit our own ecosystem in a manner that ensures a sustainable future for all

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Sustainability highlights
  • Net-zero targets and transition plan accepted by the Net Zero Asset Manager’s initiative.
  • 97.6% shareholder support for our transition plan at the 2022 annual general meeting (“AGM”).
  • 8.5% of financed emissions and 26.4% of corporate AUM have Science Based Target initiative (“SBTi”) commitments or targets approved.
  • Completed 31 TPAs of highest-emitting investee companies.
  • Established a strategic-engagement process for our highest-emitting companies, linked to the output of the TPA.
  • Improved co-ordination between proxy voting and engagement strategy to maximise impact.

Our key figures

£5.3 billion

managed in sustainable strategies1

PRI scores
80-100

across all applicable modules2

518

engagements

16,000 carbon credits

purchased and retired with respect to Scope 1, 2 and 3 (category 6) emissions3

As at 31 March 2023.

1Sustainable strategies are defined by Ninety One’s internal framework, based on the European Commission’s Sustainable Finance Disclosures Regulation (SFDR) criteria as at 27 November 2019 for Article 8 and Article 9 funds.
2Latest ratings provided by the PRI in 2020.
3Based on carbon mitigation for calendar year 2021.

Transitioning our investments

Our targets

50%

of financed corporate emissions and

56%

of corporate AUM to have science-based transition pathways by 20304

4 SBTi aligned. Data as at 31 March 2023. Figures may not add to 100% due to rounding.

Our approach
  1. Prioritise heavy emitter engagement
  2. Assess corporate transition plans using own framework
  3. Aim for active engagement with 80% of emissions
  4. Grow allocation to climate solutions and transition investments
Our progress

8.5%

of financed corporate emissions have an SBTi commitment or targets approved by 2030

 
Target 50%

26.4%

of corporate AUM have an SBTi commitment or targets approved by 2030

 
Target 56%

31
TPAs completed for top emitters

66
strategic engagements with top emitters

106
companies engaged, representing...

71%
... of our financed emissions

Top emitters categorisation (based on 31 top emitting companies) 

Top emitters categorisation (based on 31 top emitting companies)

Data as at 31 March 2023. Figures may not add to 100% due to rounding.

Transitioning our operations

Our targets

By 2030, reduce absolute Scope 1 and 2 emissions by

46%

Carbon neutral Scope 1, 2 and 3 (category 6) emissions5

5 SBTi aligned.

Our approach
  • Reduce overall energy consumption
  • Search for credible renewable energy sources
  • Specific focus on energy-efficiency across offices
Our progress

27%

reduction in Scope 1 and 2 emissions since 2019

Total Scope 1 and 2 emissions (CO2e tonnes)

Total Scope 1 and 2 emissions (CO2e tonnes)

Important Information

This communication is provided for general information only should not be construed as advice.

All the information in is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessary reflect those of Ninety One.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

All rights reserved. Issued by Ninety One, issued June 2023.