Sustainability at Jupiter

We have identified material sustainability issues that underpin Jupiter’s corporate and investment strategy and approach. Investment teams consider these issues* in their portfolio construction, asset allocation and investment approach.

"As asset managers, we can be a powerful driver of change in helping companies address the challenges facing society and our planet."

Matt Beesley, Chief Executive Officer

Climate change represents a material systemic risk for business and for investments. We use our influence as an investor through stewardship and active ownership to encourage companies to identify, manage, and mitigate climate change risks or opportunities. Jupiter Fund Management plc (JFM plc) are a signatory to the Net Zero Asset Managers Initiative through the Institutional Investors Group on Climate Change (IIGCC)

Biodiversity underpins healthy societies, resilient economies, and the ability of companies to operate. We signed the Finance for Biodiversity Pledge in 2021 as a signal of our commitment to protect and value our natural environment.

JFM plc is a signatory to the United Nations Global Compact (UNGC) and is committed to upholding human rights in our business operations and supply chains. At the investment-level, the Responsible Investment Forum (‘RIF’) at Jupiter has been established to review and fully investigate UNGC matters related to target portfolio companies as well as existing investments. The RIF is authorised by the Investment Oversight Committee (‘IOC’) and forms part of our broader sustainability governance at Jupiter.

Good human capital management supports both value creation and business resilience, and we believe that investing in human capital correlates with longer-term business success. As such, the Jupiter group actively look for ways to bring diverse perspectives into decision-making and we support people with development opportunities and experiences.

Corporate governance is the process by which companies are directed and controlled. A description of Jupiter’s governance framework can be found in our Annual Report and Accounts.

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Climate

Biodiversity

Human rights

Human capital

Corporate governance

Active Ownership & Stewardship

Our Responsible Investment Policy sets out our approach to stewardship and active ownership. We aim to invest in companies where we support their strategies, management teams and business models. As active owners, our investment teams focus on helping our clients achieve their long-term investment objective through thoughtful portfolio construction. Where ESG opportunities arise, we actively engage and exercise stewardship to monitor and support progress, whilst being cognisant of our responsibilities to escalate concerns that may arise. As stewards of our client’s capital, we have a duty to manage assets in a responsible manner with reference to the integration of sustainability risks, making informed voting decisions and conducting effective engagement. Stewardship is a central pillar of our active management proposition and is centred on our ability to utilise our influence and rights to help companies maximise long-term sustained value creation to the benefit of our clients. This is a dynamic area of investment linked to the heart of Jupiter’s purpose and societal contribution. It is a responsibility where demands have intensified as we contend with real-word complexities. The exercise of rights and responsibilities through informed voting is fundamental to Jupiter’s active management and active ownership approach. Proxy voting is a representation of our clients’ interests and underpins both accountability and the alignment of interests between asset owners and beneficiaries. Voting serves as an intersection between companies and investors. Consequently, we have adopted an investment-led approach where judicious voting plays an important role in effective stewardship, the promotion of good governance and our efforts to maximise investor value For more details of our voting activity, see Principle 12 of our annual Stewardship Report.

Stewardship – woven through the fabric of our firm

SUSTAINABLE INVESTING CAPABILITIES

Sustainability Governance

Stewardship

Commitments

Sustainable Investing Capabilities

Active Ownership & Stewardship

Overview

Sustainability Governance

Stewardship

*where the investment team deems the issue material to the investment case, or the products, services or operations of the investee company, has a material impact related to these themes.

Stewardship

We are supportive of the accelerating shift to a sustainable global economy and offer a range of dedicated funds investing in the transition to a sustainable global economy and environmental solutions. Please refer to our Spotlight Funds page for further information.

Our internal governance structure provides accountability for sustainability issues, information flow and oversight across the business. For further information please see our Sustainability Policy. As sustainability matters are now integrated across the firm’s activities, at the end of 2023, the responsibilities of the Sustainability Committee were transferred to various governance and management committees, aligned with each Committee’s core activities. For example, sustainability reporting will be reviewed by the Audit and Risk Committee, the Operating Committee will take responsibility for the decarbonisation of our operations and the Strategy and Management Committee will take responsibility for the firm’s sustainability strategy. Sustainability matters will continue to be challenged and overseen by the Board, and where appropriate, subsidiary boards across the firm.

Stewardship