Man Group
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 | ✓ |
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.
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.
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.
