Using our strengths and our position in the market to systematically change the investment industry so that it is fit for purpose for a world where temperature rise needs to be kept to well below 2°C compared to pre-industrial levels.

Our Climate Change Policy

The key objective of our climate policy is to systematically change the investment industry to ensure that it is fit for purpose for a world where the temperature rise needs to be kept to 1.5°C compared to pre-industrial levels.

We focus our energy in this area on five principal areas, as shown in the chart below: Policy Advocacy; Product Governance; Portfolio Management; Persuasion; and Positive Impact.

Our Climate Change Policy 2023-30 is available in a different formats to allow everyone to access it in a way that is best for them.

Each year we will report against the policy, this information is included, with our TCFD requirements, in our Climate Progress Report (below).

Previous Climate Change Policies can be found in our library.

TCFD Reporting

Ahead of the regulatory requirement to do so, we have been publishing a Climate Change Action Plan Report, in line with the task Force on Climate-related Financial Disclosure (TCFD) requirements.

In 2022, this information was included in our Annual Report & Financial Statement.

Our 2023 reporting was covered in our Climate Progress Report.

Previous versions of the Climate Change Action Plan Report can be found in our library

Climate Metrics Reporting

Brunel publishes an annual Carbon Metrics Report, which provides details of our overall carbon metrics and those of the underlying portfolios as at the last day of the calendar year. The report covers our listed equity portfolios.

This report provides a baseline for reporting on the work we are undertaking to reduce the carbon footprint of our portfolios and meet our clients’ ambitions. We published our Climate Change Policy 2023-30 in March 2023.

Previous versions of the Carbon Metrics Report can be found in our library

Climate Stocktake

We published our first Climate Change Policy in 2020. In 2022, we embarked on a Climate Stocktake to review that Policy. 

Our Climate Stocktake allowed us to take a breath and review our Climate objectives, engage, and discuss with our stakeholders on how they, and experts, felt we were progressing, and ask whether we were on track to achieve our objectives. Through a series of twenty interviews, across fifteen organisations and two deep-dive workshops the independent audit, conducted by Chronos Sustainability, we were able to really understand our progress to date.

This in turn enabled us to effectively revise our Climate Change Policy, resulting in the version you have seen above.

Next steps

  • Publish more details on our activities in our Climate Action Plan Progress Report
  • Development of metrics and targets for private market portfolios, including sustainable exposure
  • Enhance the reporting of physical climate risk, climate engagement and real-world outcomes
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