Janus Henderson Global Sustainable Equity I A
/To provide capital growth by investing primarily in a portfolio of global equities. The fund will seek to invest in global companies whose products and services are considered by the Investment Manager as contributing to positive environmental or social change and thereby have an impact on the development of a sustainable global economy. The fund will avoid investing in companies that the Investment Manager considers to potentially have a negative impact on the development of a sustainable global economy.
Negative
Alcohol Retail
The fund avoids companies which generate more than 10% of their turnover from the sale of alcohol.
Environment Climate & Fossil Fuels
The fund avoids companies generating high emissions of carbon dioxide, the main greenhouse gas, including the extraction, refining or distribution of fossil fuels except natural gas, oil exploration and distribution and fossil fuel power stations that use coal or oil.
Human Rights Violations
Oppressive Regimes - Companies are avoided if they have subsidiaries or associated interests which support the activities of oppressive regimes, or if they use forced labour.
Nuclear Power/Services
The fund avoids companies which are involved in the uranium fuel cycle, treat radioactive waste, or supply nuclear related equipment or services for constructing or running nuclear plant or facilities.
Tobacco Retail
The fund avoids companies that generate more than 10% of turnover from tobacco sales.
Positive
Animal Welfare Positive
The fund seeks:
Textiles - Companies developing alternative textiles to leather.
Vegetarian foods - Companies active in processing or retailing vegetarian foods.
Community Positive
The fund seeks:
Companies active in the community with programmes that may include staff secondment, support of Business in the Community, the Per Cent Club or charitable giving and fundraising.
Companies which actively promote the interests of customers and the public, such as those implementing audits for fair trade, and those which contribute to community activities.
Corporate Governance Positive
The fund seeks:
Corporate governance - Companies which demonstrate accountability to their investors and are seeking compliance with the recommendations of the Cadbury Committee on Corporate Governance.
Policy statements, audits and openness - Companies with clear policies and systems of accountability. For example, those that publish a statement of business ethics or code of conduct, or conduct social audits and make them publicly available, and respond fully to external enquiries.
Education and Knowledge Positive
The fund seeks companies supplying education or training services to enhance the quality of life and opportunity in the workplace.
Employees Positive
The fund seeks companies with good industrial relations records and policies that include, for example, measures to encourage employee participation, support for women and minorities, and employee share ownership plans; and companies which actively promote the interests of staff, such as through maternity/paternity leave, or counselling services.
Engagement Approach
Henderson engages with companies both to gain insight into their business, and to encourage improved management and disclosure of critical environmental, social and governance risks and opportunities. Engagement comprises meetings, telephone conversations and other correspondence with companies, with the majority of communication (around 80%) on environmental or social issues, and the remainder focused on governance-related matters. The outcomes of these engagement activities are subject to review by an independent SRI Advisory Committee.
Environment Climate Change
The fund seeks:
Energy conservation - Companies engaged in the supply of energy conservation services such as domestic or industrial insulation, or electronic energy efficiency devices.
Mass transit systems - Companies engaged in the provision of bus and rail services, or manufacture of bicycles, buses and trains.
Pollution monitoring/pollution control equipment - Companies engaged in the manufacture, supply or operation of pollution control equipment or monitoring devices.
Process control equipment - Companies engaged in the manufacture or supply of efficiency improvement devices that provide water, energy or materials savings.
Recycling services - Companies engaged in the collection and recycling of waste or which use a high proportion of recycled waste in their products.
Renewable energy - Companies involved in the generation of electricity from renewable resources such as wind, solar and hydro power.
Environment Management
The fund seeks companies that clearly outline and explain the environmental implications of their corporate strategy; those that have environmental management systems (such as EMAS); and companies which actively promote the interests of customers, for example those with eco-labelling of products and implementing audits of environmental performance.
Environment Technology
The fund seeks:
Energy conservation - Companies engaged in the supply of energy conservation services such as domestic or industrial insulation, or electronic energy efficiency devices.
Mass transit systems - Companies engaged in the provision of bus and rail services, or manufacture of bicycles, buses and trains.
Multimedia & telecommunications - Companies which are directly involved in transforming the use of information, communication or ways of working, including developments in the internet, CD-ROMS, tele-working and mobile telephony.
Pollution monitoring/pollution control equipment - Companies engaged in the manufacture, supply or operation of pollution control equipment or monitoring devices.
Process control equipment - Companies engaged in the manufacture or supply of efficiency improvement devices that provide water, energy or materials savings.
Recycling services - Companies engaged in the collection and recycling of waste or which use a high proportion of recycled waste in their products.
Renewable energy - Companies involved in the generation of electricity from renewable resources such as wind, solar and hydro power.
Water management - Companies involved in the protection and provision of water supplies, or provide water purification services or equipment.
Healthcare Positive
The fund seeks:
Healthcare services - Companies supplying medical equipment, nursing services, care for the elderly, or holistic therapies.
Health & safety equipment - Stricter legislation and corporate focus on employee safety has created a demand for equipment that minimises the risk of industrial accidents and improves workplace conditions, and the fund looks for companies supplying specialist equipment or devices that have a health, safety or environmental application.