The rapidly increasing public focus on how, by acting together, we can work towards a more sustainable and responsible world has already had a significant impact on the investment industry and its influence continues to grow day by day.

We are committed to improving both in the way we run our business and also in the way in which we engage with our investee companies in relation to Environmental, Social and Governance factors (ESG), including climate change.  

Lindsell Train actively supports the following organisations:  

Principles for Responsible Investment (PRI) logo
UK Stewardship code logo
Race to Net Zero logo - Net Zero Asset Managers
SASB Alliance logo
UK Stewardship code logo

Lindsell Train is also a signatory of the Japan Stewardship Code.

Governance

Lindsell Train’s Board of Directors has overall responsibility for assuring processes and policies and assessing the effectiveness of our activities, including those relating to stewardship. ESG is a standing agenda item at our Board or Management Committee meetings (held alternately each quarter).  

In addition, an ESG Committee was established by the Board in March 2021 to ensure the clear definition of our ESG strategy and how this is put into practice, as well as to oversee the identification and mitigation of risks relating to ESG. The committee is also responsible for ensuring that as a business we monitor the sustainability of our operations and adopt the necessary policies and objectives to meet the standards expected of us by our clients, stakeholders, and regulators. Nick Train is Chair of the committee, which has representation from investment, marketing/client services and compliance. 

Policies and Reports

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Responsible Investment & Engagement Policy

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ESG & Engagement Report

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Annual Stewardship Report 2023

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Japanese Stewardship Code

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Proxy Voting Policy

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Proxy Voting Report 2023

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Shareholder Rights Policy (SRDII)

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Equal Opportunity, Diversity & Inclusion Statement

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PRI Transparency Report 2023

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PRI Assessment Report 2023

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Climate change

The risks associated with climate change represent the great issue of our era and the transition to a low-carbon economy will affect all businesses, irrespective of their size, sector or geographic location. Therefore, no company’s revenues are immune and the assessment of such risks must be considered within any effective investment approach, particularly one like ours that seeks to protect our clients’ capital for decades to come. Of course, if we are scrutinising the behaviours of our portfolio companies in relation to climate change, then we also need to think about what actions we can take as a company and we are committed to playing our part.

TCFD

As a relatively small company with a single location and less than 30 employees, Lindsell Train’s climate exposure comes predominantly from the investment portfolios that it manages on behalf of its clients. We recognise the systemic risk posed by climate change and the potential financial impacts associated with a transition to a low-carbon economy. We therefore support the recommendations of the UK Government and its efforts to encourage companies to report their climate related disclosures and data in a uniform and consistent way.

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TCFD Entity Report 2023

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