Liontrust GF Sustainable Future Global Growth Fund

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IE00BKS30D38, IE00BK6SH280, IE00BK6SH405, IE00BK6SH512, IE00BK6SH959, IE00BK6SH736, IE00BK7ZBC60

Issuer Liontrust Global Funds plc
Fund provider Liontrust Fund Partners LLP
Fund type/Asset class Equity fund
Legal form OEIC
Fund issue date 12/11/2019
Last Update 29.09.2023
Benchmark MSCI World
Tranche Private Investors Institutional Investors

Risk Indicator (PRIIP)
5 of 7

Licensed in
D, A, CH, LU

Classification by SFDR
Article 9

EU Taxonomy
- Anchorlink to data availability

% of Sustainable Investments according to SFDR
-

Principal Adverse Impacts

PAI PAI

Greenhouse Gas Emissions

PAI PAI

Water

PAI PAI

Waste

PAI PAI

Biodiversity

PAI PAI

Energy Efficiency and Fossil Fuels

PAI PAI

Social and Employee Matters

Sustainable Development Goals

SDG

No Poverty

SDG

Zero Hunger

SDG

Good Health and Well-being

SDG

Quality Education

SDG

Gender Equality

SDG

Clean Water and Sanitation

SDG

Affordable and Clean Energy

SDG

Decent Work and Economic Growth

SDG

Industry, Innovation and Infrastructure

SDG

Reduced Inequality

SDG

Sustainable Cities and Communities

SDG

Responsible Consumption and Production

SDG

Climate Action

SDG

Life Below Water

SDG

Life on Land

SDG

Peace and Justice Strong Institutions

SDG

Partnerships to achieve the Goal

Normal allocation

Equities
Bonds Excluded
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 Externer Link Link to engagement policy
Voting Yes, organized internally Externer Link 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. Externer Link 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/-/media/liontrust/files/fund-literature/process-documents/sustainable-future-funds-screening-criteria.pdf

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

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  1. 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.

FNG-Sustainability profiles disclaimer

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  1. Bei den vorstehenden Angaben im Rahmen der FNG-Nachhaltigkeitsprofile  handelt es sich lediglich um Zusammenstellungen, Übersichten oder Sortierhilfen, die vom Forum Nachhaltige Geldanlagen e.V. wertungsfrei bereitgestellt werden.  
  2. Es wird ausdrücklich darauf hingewiesen, dass das Forum Nachhaltige Geldanlagen e.V. weder die Richtigkeit und Vollständigkeit noch die Plausibilität der in den FNG-Nachhaltigkeitsprofilen enthaltenen Angaben überprüft hat. Diese Angaben beruhen ausschließlich auf den von den jeweiligen Anbietern bereitgestellten Daten, auf die das Forum Nachhaltige Geldanlagen e.V. keinen Einfluss hat.
  3. Die Aktualität der eingegebenen Daten richtet sich nach dem im FNG-Nachhaltigkeitsprofil des jeweiligen Produkts angegebenen Aktualisierungsdatum, wiedergegeben ist also der Stand zu diesem Datum. Im Zweifel sind die bei der jeweiligen KVG hinterlegten Daten als aktuell zu betrachten. Das Forum Nachhaltige Geldanlagen e.V. hat darauf jedoch keinen Einfluss und kann daher keine Gewähr für eine jederzeitige Aktualität übernehmen, da die FNG-Nachhaltigkeits-Inhalte von den Anbietern selbst zu befüllen und ggf. zu aktualisieren sind.
  4. Die in den FNG-Nachhaltigkeitsprofilen bereitgestellten Informationen stellen keine Anlageempfehlungen dar. Sie dienen lediglich Informationszwecken zu bestimmten Nachhaltigkeitsaspekten und können weder eine fachgerechte Anlageberatung noch eine qualifizierte Produktaufklärung ersetzen. Es wird daher empfohlen, vor Kauf oder Verkauf der in den FNG-Nachhaltigkeitsprofilen aufgeführten Anlageprodukte die Dienste eines professionellen Anlageberater in Anspruch zu nehmen und die vollständigen Verkaufsunterlagen (insbesondere Verkaufsprospekt) des jeweiligen Anlageprodukts aufmerksam durchzulesen. Insoweit wird ergänzend darauf hingewiesen, dass Anlageprodukte generell mit Verlustrisiken bis hin zu einem Totalverlust behaftet und auch in der Vergangenheit erzielte Gewinne kein zuverlässiger Indikator für zukünftige Ergebnisse sind.