Royal London Sustainable mgd Growth Trust C Acc

The investment objective of the fund is to provide a total return by way of accumulated income, with some capital growth. Investments in the Scheme will adhere to the Manager’s ethical investment policy.

Negative

Alcohol Production

The fund will avoid investment in companies which derive more than 10% of turnover from "irresponsible drinking".

Animal Testing Non-Medical

The fund will avoid investment in companies which derive more than 10% of turnover from "products tested on animals (other than for human or animal health)".

Animal Welfare (Fur)

The fund will avoid investment in companies which derive more than 10% of turnover from the sale of "animal fur products".

Armaments

The fund will avoid investment in companies involved in armaments manufacture.

Gambling

The fund will avoid investment in companies which derive more than 10% of turnover from "irresponsible gambling".

Tobacco Production

The fund will avoid investment in companies which derive more than 10% of turnover from the "production of tobacco".

Positive

Education & Knowledge Positive

The fund seeks to invest in companies involved with "education, training and employment, telecommunications and sustainable housing"

Engagement Approach

The Co-operative Investments' Ethical Strategy includes among its aims the championing of customers' values and expectations of corporate behaviour. The Ethical Engagement Policy underpins dialogue with companies on environmental, social and governance issues, to challenge those that lag behind in financial performance or are not sustainable. Engagement takes the form of letters, telephone dialogue and meetings with chief executives, investor relations managers and managers concerned with specific interests. Engagement is either conducted by the fund manager or is undertaken by the Responsible Investments Unit as part of broader initiatives. Through this Unit The Co-operative Investments collaborates with other investors on matters such as climate change and human rights. As signatories to the UN's Principles for Responsible Investment, The Co-operative Investments is able to use an engagement clearing house to identify global engagement initiatives, for example, co-signing letters to company management.

The Co-operative Investments is an active shareholder and has exercised its vote on every resolution at every general meeting of every company in which shares are held. Votes against arise when the resolution is inconsistent with The Co-operative Investments' guidelines, does not accord with best practice and is not in shareholders' long-term interests. If a stock is considered unsuitable for investment on the grounds of poor governance, environmental or social risk management, where these risks are considered to be financially material and it is not considered that new or additional engagement is likely to prove successful, on the instruction of an internal committee the Head of Equities will instruct an orderly divestment from the stock across all portfolios.

Environment Climate Change Positive

The fund seeks to invest in companies involved in renewable energy, new technologies, environmental products.

Environment Management Positive

Consideration is also given to companies seen to be making above-average efforts to minimise environmental damage caused by their activities.

Environment Technology Positive

The fund seeks to invest in companies involved in "renewable energy, new technologies, environmental products"

Health Positive

The fund seeks to invest in companies involved in health and safety related "pharmaceuticals and scientific & educational publishing products"