APPENDICES
Appendices on where our delivery against the following commitments we’ve made can be found:
1. Purpose, strategy and cultureOur purpose, Our strategy, Our culture
2. Governance, resources and incentivesHow we are governed, Our team, resources and incentives
3. Conflicts of interestManaging our conflicts
4. Promoting well-functioning marketsThrough industry and public policy engagement, Through our manager research, Through our investment consulting
5. Supporting clients’ stewardshipThrough our investment consulting, Through our manager research
6. Review and assuranceHow we are governed
We produce a wide range of periodic communications for our clients. These are based on variety of topics and are purposefully designed for certain investor types. We keep these under review to ensure they remain timely and useful and cut through the noise to help our clients focus on what matters.
Method
Message
Relevant audience
The Responsible Reporter
A weekly newsletter providing a summary of developments in sustainable investment, and policy and regulations
All investor types
Thoughts From the Loft
A bi-weekly email and quarterly summary of the views of our CIO on financial markets and investment matters
Off the Cuff
A collection of short videos providing descriptions and insights into timely and sometimes complex topics
The Defined Contrarian
A quarterly summary providing news and our views on the DC pensions world
DC pension schemes
Investment Edge
A quarterly summary providing news and our views on the wealth management world
Wealth managers
LGPS Spotlight
A monthly summary providing news and our views on the LGPS world
Local authorities and local government pension funds
Redington’s Market Musings
A quarterly summary of financial markets and investment matters
We will often competitively tender with other investment consultancies when pitching for new business and therefore price our services accordingly. Fee satisfaction is also often discussed with clients as part of client service reviews and captured in wider feedback as discussed in the “Our Strategy” section.
We build appropriate internal checks and controls into all services we provide clients, including audit trails.
Our involvement with industry bodies as described in the “Through Industry and Policy Engagement” section provides further assurance of our services through discussions on best practice and industry developments. Through actively participating in these industry bodies, we seek continuously to improve our services.
1. Integrate net zero into our investment consulting servicesThrough our investment consulting, Through our manager research
2. Help clients to identify climate-related investment risks, and align with net zeroThrough our investment consulting
3. Support efforts to decarbonise the global economyThrough our investment consulting
4. Assess and monitor asset managers on integration of climate risks and opportunities in investment and stewardshipThrough our manager research
5. Align with the Net Zero Asset Managers InitiativeNote: Does not apply to Redington as we have no discretionary investment mandates (‘fiduciary management’)
6. Set emissions reduction targets across operational emissionsHow we’re governed, Our Footprint
7. Work collaboratively to address challengesThrough our investment consulting, Through our manager research, Through industry and policy Engagement
8. Engage with regulators and policymakersThrough industry and policy Engagement
9. Report progress by our firm against these commitmentsWhole report
1. Assist client objective-settingThrough our investment consulting
2. Identify climate solutionsThrough our manager research
3. Adopt and engage with industry frameworksThrough industry and policy Engagement
4. Deliver effective climate stewardshipThrough our investment consulting, Through our manager research
5. Provide NZ default client adviceThrough our investment consulting
6. Manage own footprintOur own footprint
7. Collaborate with broader industryThrough industry and policy Engagement
1. Firm wide climate expertise and commitmentOur team, resources and incentives
2. Individual consultant climate expertiseThrough our investment consulting
3. Tools and softwareOur team, resources and incentives
4. Thought leadership and policy advocacyThrough industry and public policy Engagement
5. Assessment of investment managers and engagement with themThrough our manager research
Last year, we were thrilled to become the first B Corp-certified UK investment consultant. We were delighted that our overall score on the B Impact Assessment was comfortably above the minimum threshold required for B Corp status – 95.9 compared to 80. As scores are updated every three years we have included a summary of last year’s scores below. Further insights can be found in the relevant section of last year's Sustainable Investment & Impact Report, with progress made since outlined in this report. As noted there, we recognise that our weakest score is with regard to customers; we believe this was down to a cautious approach in our completion of our assessment and are confident that we remain a fully client-focused business and deliver our services to client delight.
Overall score
Governance
Workers
Community
Environment
Customers
Average across all firms
50.9
B Corp minimum
80
Redington
95.9
22.8
35.6
23.7
10
3.6
Benchmark mean
103.1
15.8
30.6
17.2
7.1
32.1
Benchmark median
96.4
16.1
30.8
15.7
6.8
28.0
We’ve chosen B Corp firms based in the UK in the Investment Advisory category – which in practice is a mix of investment management firms, wealth managers and advisers – as a 32-strong group against which to benchmark our performance.