Liontrust GF Sustainable Future European Corporate Bond Fund
IE00BYWSTD52, IE00BYWSTG83, IE00BYWSTX58
| Issuer | Liontrust Global Funds plc |
|---|---|
| Fund provider | Liontrust Fund Partners LLP |
| Fund type/Asset class | Bond fund |
| Legal form | OEIC |
| Fund issue date | 29/05/2018 |
| Last Update | 29.09.2023 |
| Benchmark | Markit iBoxx Euro Corporates Index |
| Tranche | Private Investors Institutional Investors |
Risk Indicator (PRIIP)
3 of 7
Licensed in
D,
A,
CH,
LU
Classification by SFDR
Article 9
EU Taxonomy
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% of Sustainable Investments according to SFDR
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Principal Adverse Impacts
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
Sustainable Development Goals
No Poverty
Zero Hunger
Good Health and Well-being
Quality Education
Gender Equality
Clean Water and Sanitation
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
Reduced Inequality
Sustainable Cities and Communities
Responsible Consumption and Production
Climate Action
Life Below Water
Life on Land
Peace and Justice Strong Institutions
Partnerships to achieve the Goal
Normal allocation
| Equities | Excluded |
|---|---|
| Bonds | |
| Money market/Bank deposits | Excluded |
| Commodities | Excluded |
| Direct investments | Excluded |
| Derivatives | Excluded |
| Other | No more than 10% of the net assets of the Fund will be invested in aggregate in open-ended collective investment schemes. The Fund may, under certain circumstances, make use of derivative instruments for efficient portfolio management. 0 % to 10 % |
Sustainability approach
| Principal Adverse Impacts |
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
|
|---|---|
| Further remarks on the consideration of SDGs | - |
| Rationale behind classification according to SFDR | Article 9 The investment process aims to consistently identify high quality sustainable companies that the Investment Adviser believes have the capacity to generate superior performance; these are companies which qualify as “sustainable investments” as defined under the SFDR, that also have predictable earnings growth and are attractively valued. |
| Engagement | Yes, organized internally Link to engagement policy |
| Voting | Yes, organized internally Link to voting policy |
| Best-in/of-Class | No |
| ESG-Integration | Yes Our Sustainable Investment team have fully integrated ESG factors and analysis throughout their process including using long term sustainability themes to identify potential opportunities and using a combination of screening, thematic analysis, and sustainability analysis with a proprietary Sustainability Matrix combining product sustainability with ESG management quality. These are all binding aspects of the investment process. The Sustainable Investment team are responsible for the analysis of sustainability, financial and valuation characteristics of potential investments and the portfolio management and research functions are integrated. All Fund Managers on the team conduct research and are assigned sectors. The integrated approach has the benefit of ensuring a collaborative, team-based approach. All new ideas are debated as a team in the weekly team meeting, with all members of the team encouraged to test the investment case put forward. This has the advantage of ensuring only the most robust investment theses are included in the portfolio. |
| Norm-based screening |
UN Global Compact
ILO core labour standards
OECD Guidelines for Multinational Enterprises
Implementation of TCFD
|
| Themes |
Climate change
Agriculture and forestry
Social projects
Renewable Energies
Biodiversity
Water
SDGs
Education
We work to better understand the big sustainable trends that are happening and analyse these themes to check which companies will be potential winners or losers from major multi-decade
changes in different parts of our economy. Why is this relevant to investors? This helps us identify potential areas of the economy and companies that will experience structural growth and helps inform our investment decision and give us conviction in the businesses we own. We feel most investors underestimate the speed, scale and persistency of such trends within our economy.
We therefore look at the world through the prism of three mega trends, Better resource efficiency (cleaner), Improved health (healthier) and Greater safety and resilience (safer), and 21 themes within these.
• Cleaner: Using our resources more efficiently (water, increasing
recycling of waste, lower carbon energy sources and energy
efficiency)
• Healthier: Improving our quality of life through better education,
healthier lifestyles and diet or better healthcare
• Safer: Making the systems we rely on safer or more resilient.
This includes car safety, keeping our online data safe with
cyber-security and spreading risk through appropriate insurance
mechanisms.
|
| Impact Investing |
Environmental
Social
Governance
https://www.liontrust.co.uk/fund-managers/sustainable-investment/sustainable-annual-review
|
| Further information on the sustainability approach | The Liontrust Sustainable Investment team have been managing their Sustainable Future (SF) funds for 22 years. Since the funds’ launch in 2001, Peter Michaelis and the team have been seeking companies to help create a cleaner, safer and healthier society for the future and generate attractive returns for investors. All the sustainable elements in managing the SF funds are integrated within a single team: there are not separate fund management and ESG divisions. Our Sustainable Investment process is based on a core belief that sustainable companies have better growth and are more resilient than the market gives them credit for. We use this underappreciated advantage as we look to deliver outperformance across equity, bond and managed portfolios and, in supporting these sustainable companies, we can also accelerate environmental and social improvements. Link to sustainability approach |
Research and Transparency
| In-house sustainability analysis | Yes, 17 |
|---|---|
| Research partners | Yes Ethical Screening, MSCI Controversy research |
| Percentage of portfolio with sustainability analysis | 100 % |
| Strategically important suppliers included | No |
| Sustainability advisory committee | Advisory Our sustainable investment team employs the services of an Advisory Committee which provides guidance and expertise in key areas of social and environmental impact |
| Analysis of portfolio CO2 | Yes, backward-looking indicator Liontrust produces quarterly fund specific MSCI ESG ratings and carbon analytics reports, available to clients upon request. The reports include independent analysis of how the Sustainable Future funds compare to the markets in which they are invested. |
| Sustainability reporting | Yes Our annual Sustainability report can be found in: https://www.liontrust.co.uk/investor-relations/governance/sustainablility-report |
| At least monthly portfolio publication | Yes |
| Certification/Label awarded by independent auditors |
Label ISR
Other
Towards Sustainability
|
| Contact for inquiries | international@liontrust.eu |
Environmental
Exclusion of sectors / areas of business – companies
| Fossil fuels (Coal, Oil and Gas) | Yes 5 % Turnover threshold |
|---|---|
| Nuclear power (operation and components) | Yes 5 % Turnover threshold |
| Green genetic engineering | Yes 5 % Turnover threshold |
| Chlorine and agrochemicals (biocides) | Yes 5 % Turnover threshold |
| Other | https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
Exclusion of business practices – companies
| Environmentally damaging behaviour | Yes |
|---|---|
| Damage to biodiversity | Yes |
| Other | https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
Exclusion criteria – countries
| Non-ratification of the Paris Climate Agreement | No |
|---|---|
| Non-ratification of the Protocol on Biosafety | No |
| Non-ratification of the UN Biodiversity Convention | No |
| Nuclear power by proportion of gross energy production | No |
| Other | https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
Social
Exclusion of sectors / areas of business – companies
| Weapons/Armaments | Yes 5 % Turnover threshold |
|---|---|
| Cluster bombs and anti-personnel mines | Yes |
| Weapons of mass destruction (ABC/CBRN) | Yes 5 % Turnover threshold |
| Tobacco products | Yes 5 % Turnover threshold |
| Pornography | Yes 5 % Turnover threshold |
| Spirits/Alcohol | No |
| Gambling | Yes 5 % Turnover threshold |
| Other | https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
Exclusion of business practices – companies
| Labour rights (ILO core labour standards) | Yes |
|---|---|
| Exploitative child labour | Yes |
| Violation of human rights | Yes |
| Animal testing | Yes |
| Other | https://www.liontrust.co.uk/handlers/DownloadDocumentsHandler.lion?itemids=fc1bfe8f-110d-495b-8051-f448e9602d98 |
Exclusion criteria – countries
| Labour rights | No |
|---|---|
| Violation of human rights | No |
| Military spending as a percentage of GDP | No |
| Death penalty, torture | No |
| Countries classified by Freedom House as not free | No |
| Violations of the Nuclear Non-Proliferation Treaty | No |
| Violations of other non-proliferation treaties | No |
| Other | We look at this on a case by case basis both in terms of sovereign and in terms of a company’s operations in a country. https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
Governance
Exclusion of business practices – companies
| Corruption and bribery | Yes |
|---|---|
| Tax: planned avoidance & detected violations | Yes |
| Other | https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
Exclusion criteria – countries
| Corruption | No |
|---|---|
| Other | We look at this on a case by case basis both in terms of sovereign and in terms of a company’s operations in a country. https://www.liontrust.co.uk/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf |
More on data availability
-
EU Taxonomy
It is possible that reported KPIs for taxonomy eligibility and alignment (being limited to corporate issuers / including only selected economic activities) are low or that KPIs cannot be reported due to limited data availability. Data may be available with a time lag. Data comparability may be limited due to differences in the scope of the economic activities considered. As soon as data is available in sufficient quantity and quality, it will be published in accordance with regulatory requirements.
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