Our Outcomes Report offers a detailed look, using a mixture of real-world case studies and metrics, at how we are making a difference through our actions, both directly and through engagement with companies within our portfolios.
Examples of how Brunel is forging better futures by investing in a world worth living in can be seen across all our Responsible Investment priorities.
With the challenge of a cost-of-living crisis so prevalent in the UK, we recognise the benefit of supporting the Good Work Coalition in their drive to secure the real living wage and campaign to improve UK standards in the workplace.
In 2022, we supported the filing of a ground breaking shareholder resolution seeking that Sainsbury’s accredit as a living wage employer by July 2023. Although Sainsbury’s ultimately decided against becoming accredited, the extensive engagement with them led to them announcing an additional pay rise for their London staff, resulting in all directly employed staff earning the real living wage.
Through the Climate stocktake we reviewed the effectiveness and scope of our Climate Policy, coordinating with multiple stakeholders. The Stocktake process was managed and overseen by Chronos Sustainability to ensure a robust process, resulting in a full Climate Stocktake Report.
It involved extensive outreach promoting climate public policy positions and promoting the Paris Aligned initiative’s Net Zero Investment Framework at UN Climate Conference – COP27.
Persistent engagement is paying off with general partners in private debt, seeing them build in climate metrics to their disclosures, helping us enhance our reporting.
Orchard Street Partners have also taken a market leading approach by linking 30% of its performance fees to the achievement of the Fund’s specific impact objectives, thereby aligning itself directly. Not only to financial outcomes, but also to important environmental and social goals.
Brunel believes in using its position to engage with and affect real-world change. One of our main ways is through our dedicated provider, Federated Hermes (EOS) who enhance our stewardship activity across the RI priorities, including;
Faith Ward, our Chief Responsible Investment Officer
“2022 has seen some fantastic progress across our RI priorities. Our Climate Stocktake has been a great step forward, allowing us to really interrogate whether our actions are having the outcomes we want them to.
Alongside this, a highlight for me, must be supporting an action that raise the issue of the real living wage – and also led to pay increases for 19,000 Sainsbury’s employees.
Our Outcomes report shines a spotlight on the hard work undertaken by Brunel and how our RI approach is embedded in everything we do.”