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Established in 1989, Lancelot Asset Management is a Swedish capital management firm offering discretionary management, financial advice, and fund management to private clients, companies, and institutional customers. Despite its growth in staff and services over the years, Lancelot focuses on providing a personalised approach to its clients. The firm manages three funds: Lancelot Sverige, a Swedish equity fund investing in companies with significant potential over a 3-5 year horizon; Lancelot Global, a global equity fund with a concentrated portfolio focused on long-term structural growth trends; and Lancelot Stabil, an allocation fund primarily investing in stocks and bonds, aiming for good risk-adjusted returns over time with low risk.
In its 2023 PRI Transparency report, Lancelot Asset Management emphasises its commitment to sustainability, citing values such as long-term thinking, responsibility, and quality as guiding principles. The company aligns its operations with prominent frameworks, including the UN Global Compact, the ILO’s fundamental conventions, and the UN Principles for Responsible Investment (UNPRI). These affiliations highlight a stated dedication to addressing human rights, labor issues, environmental concerns, and anti-corruption. However, there is a notable lack of detail regarding the tangible outcomes of these commitments beyond compliance with existing frameworks.
In 2023, Lancelot published its first Principal Adverse Impacts (PAI) statements and integrated the SFDR framework into its operations. While these developments represent progress, they are regulatory requirements rather than groundbreaking advancements. The company has acknowledged that it does not plan to take further steps to advance its commitments to responsible investment over the next two years, raising questions about the depth of its ambition in driving sustainability efforts beyond regulatory compliance.
The emphasis on individual employee responsibility, while commendable, appears insufficient without broader institutional initiatives or measurable goals to drive impactful change.
