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    Man Group

    Fund Manager Page

    IN BRIEF

    Man Group is a global active investment management firm. Our business has five specialist investment engines which house numerous investment teams, working collaboratively within the framework of Man Group. Each engine benefits from the strength and resources of the firm’s single operating platform, enabling their primary focus to be seeking to generate alpha for clients.

    Man Group’s investment teams are empowered and supported by our advanced infrastructure and technology, which aim to facilitate the most efficient exposure to markets and effective collaboration across the organisation. The firm’s infrastructure encompasses operations, trade execution, compliance, legal, distribution and administration.

    FACTS & FIGURES

    Inception of sustainability strategy 2008
    Total AUM (USD) 135.3 million
    AUM SRI Strategies (USD) 46.1 million
    % screened 50
    % ESG integrated 34.1
    SRI/ESG Team 7 experts

    MEMBER / SIGNATORY

    PRI since 2017
    UN Global Compact since 2021
    IIGCC since 2021
    Climate Action 100+ since 2021
    Net Zero Asset Manager
    SASB
    TCFD
    FAIRR

    Full list of other memberships & initiatives

    Standards Board for Alternative Investments

    Industry associations and standards-setting bodies:
    UK Stewardship Code
    Alternative Investment Management Association (‘AIMA’)
    Managed Funds Association (‘MFA’)
    The Investment Association (‘IA’), including the Sustainable and Responsible Investment Committee
    CFA Institute – Global Industry Standards Steering Committee

    Collaborative initiatives:
    The Investor Forum
    Bloomberg Sustainability Working Group
    Swiss Sustainable Finance – Open Letter to Index Providers
    The Investor Agenda – Global Investor Statement to Governments on Climate Change
    Rathbones – FTSE350 modern slavery engagement initiative
    Ceres & PRI – Investor Statement on deforestation and forest fires in the Amazon
    Open letter to IOSCO on need for consistent, comparable ESG info
    Sponsorship of PAS 510 by the British Standards Institution on plastic pellet pollution reduction

    Additional ESG-focused organisations:
    European Financial Reporting Advisory Group, European Lab Steering Group
    Imperial College Climate Finance & Investment Centre Advisory Board
    Swiss Climate Foundation
    Tobacco Free Portfolios
    Carbon Pricing Leadership Coalition (‘CPLC’)
    The Just Transition on Climate Change
    New Plastics Economy Global Commitment
    Pensions for Purpose
    Plastic Disclosure Project Steering Committee

     

    EXCLUSIONS

    SRI strat. Firm-wide
    International Norm Violations
    Thermal Coal * *
    Anti-personnel mines & cluster munitions
    Weapons of mass destruction Nuclear** Biological & Chemical**

    *Companies where the production of coal or provision of coal-based energy represents more than 30% of revenues, with the exception of companies that generate less than 40% revenue from the production of coal or provision of coal-based energy that are on track to reach their 2025 target CO2 emissions reduction in alignment with the Paris Climate agreement.

    **For more information, please see Man Group's Global Banned Weapons policy available here.

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    PUBLIC COMMITMENT

    We recognise that part of our fiduciary duty to our clients is the responsible investment of the funds we manage on their and their own clients’ behalf. In ensuring the sound stewardship of our investors’ capital we seek not only to ensure that our approach closely aligns us with the values of our clients but also balances the expectations of our shareholders and all the other stakeholders of Man Group.

    We believe that we must be transparent about the implications of climate change on our business. We have clearly set out actions that we are taking to manage environmental risks: we actively seek to minimise our environmental footprint and have defined our pathway to net zero emissions in our global workplaces by 2030 and within our investment portfolios by 2050.

    INTEGRATION & INTERNAL RESOURCES

    Integration Approach

    Man Group takes a diversified approach to Responsible Investment across its investment engines and recognises the importance of a responsible approach across all asset classes and investment strategies. Each of our investment engines applies the best practices of RI in the way that is most relevant to their fields of research through a variety of different methods.

    Stewardship: Enhancing our values and interests of our clients' assets through voting and engagement
    ESG Factors: Considering and/or applying ESG criteria in the investment decision-making process
    Activities/Education: Participating, promoting and educating RI within the investment community

    We employ a formalised process that quantifies the degree of responsible investment focus for each of Man Group’s funds. We offer our investment managers proprietary tools to monitor and manage E, S and G factors. We also maintain a list of companies whose securities are ineligible for inclusion in our portfolios. We thereby seek to ensure a clear and consistent approach to responsible investment across our entire range of strategies, and to inform how we deliver on our approach to ESG matters in a manner that can meet the broad palette of preferences expressed by our clients.

    Committees & Teams

    Underlining the importance of responsible investment to Man Group we have a number of centralised committees and teams at the firm dedicated to Responsible Investment.
    These resources include:
    RI Committee;
    RI team;
    Overseen by the RI senior leadership team; and
    Stewardship team.

    Read about the responsibilities of each committee or team

    The RI Committee promotes an internal culture that insists on holding ourselves to the highest standards of Corporate Social Responsibility (‘CSR’). The committee reinforces the firm’s CSR commitment and works with multiple stakeholders to assess our ethical and sustainable business practices.

    The RI team are responsible for the day to day implementation of the Man Group RI policy. The team works to ensure investment managers across Man Group’s investment engines are provided with the tools and education in order to integrate the best practices in responsible investment that are most relevant to their strategy.

    RI senior leadership lead the RI Team, including Rob Furdak, CIO for ESG as well as Jason Mitchell and Steven Desmyter, Co-Heads of Responsible Investment. The RI Team and Committee are overseen by Sandy Rattray, CIO of Man Group and Robyn Grew, Group COO and General Counsel, Man Group. With the June 2021 announcement that Sandy Rattray is retiring at the end of the year, Robyn Grew will assume overall for our ESG efforts.

    The in-house Stewardship team oversee all proxy voting and engagement activities at a firm level, including the application of an enhanced ESG voting policy that applies specific overlays that represent the core principle of good governance. Furthermore, the team designs and supports firm wide engagement programmes in order to maximise sustainable long term value creation across the Man Group’s assets.

     

    ENGAGEMENT & STEWARDSHIP

    Engagement Resources

    In 2020: Man Group engaged with 209 companies.

    Man Group’s Stewardship Team (the ‘Team’) is responsible for engagement activities across Man Group and collaborates in several investor initiatives. The team assist portfolio managers in their engagement endeavors and provides an expert, dedicated, perspective on corporate governance and ESG issues during company interactions.

    Additionally, the team oversees the proxy voting process and manages the relationship with our proxy service provider Glass Lewis. On critical holdings, the Team conducts an extra level of analysis of the third-party research and recommendations, taking into consideration relevant information and company-specific factors. The Team is also responsible for reviewing any voting discrepancies or operational issues identified by the voting reconciliation process.

    Proxy Voting

    In 2020: Man Group voted in 97.3% of meetings.

    The execution of voting rights is a key element of Man Group’s active ownership approach. We carry out our fiduciary duty by voting at shareholder meetings and expressing our support for (or concern with) management and shareholder resolutions.

    Man Group’s Stewardship Team oversees all proxy voting activity at the firm level. Our voting policy seeks to encourage good corporate governance practices and promote ESG standards, whilst taking into consideration both company specific circumstances and broader market differences.

    Source & Resources