Responsible Investment. Helping to shape the future of investing responsibly.

Our Commitment

 

Responsible investing is no longer optional. As the investment management industry has matured and institutionalised, it has become increasingly responsive to the requirements of the investors who charge it with stewardship of their capital – the more they see mitigating environmental, social and governance risks as part of that stewardship, the more our industry must do to further those interests.

Lord Livingston of Parkhead Chairman of the Board, Man Group

 

Responsible Investing at Man Group

Man Group ('Man') maintains a Responsible Investment Committee and firm-wide Responsible Investment policies that support globally-recognised norms. We also encourage our individual investment management businesses to develop and integrate responsible investing ('RI') approaches that are relevant to their investment strategies.

What is responsible investing?

Responsible investing focuses on the development, integration and application of non-financial considerations – environmental, social and governance ('ESG') factors – in the investment decision-making process. While RI has traditionally been used to express an investor’s specific worldview or ethical preferences, more rigorous applications are emerging. ESG analysis, combined with active ownership (engagement and voting), is increasingly enabling investors to better understand and mitigate long-term, non-financial risks.

 

Man subscribes to the UN-supported Principles for Responsible Investment ('PRI') definition:

 

"Responsible investment is an approach to investing that aims to incorporate environmental, social and governance factors into investment decisions, to better manage risk and generate sustainable, long-term returns."

 

Our approach

At Man, we recognise that responsible investment is fundamental to our fiduciary duty to our clients and beneficiaries. We understand the importance of sound stewardship in managing investors’ capital, and our approach to RI closely aligns us with the values of our clients, shareholders, and other stakeholders.

Man takes a diversified approach to RI across its investment engines, recognising the importance of a responsible approach across all asset classes and investment strategies. We believe that our broad range of strategies – including active management, systematic and quantitative strategies, private markets as well as investment and advisory services – provides deep insight into the development of ESG investment. Our collective RI approaches enable us to better protect and enhance the value of our clients’ investments in a way that fulfils our obligations as an active owner and responsible manager.

 

Man AHL is a pioneer of systematic trading, bringing a scientific, empirical mind-set to investing. For thirty years, Man AHL has applied a systematic approach to the development and deployment of investment strategies which are largely quantitative and rely on large datasets to which are applied complex financial, econometric and statistical theories through proprietary research and modelling.

Man Numeric is an institutional manager focused on strategies ranging from long-only, active extension, and market neutral equities across geographic regions, investment styles and capitalisation strata. As a signatory of the UN PRI since 2014, Man Numeric is committed to a socially-responsible investment approach that combines best practices in environmental, social and governance analysis with the interests and values of our clients.

Man GLG is a discretionary investment manager that delivers absolute return and long-only investment strategies across asset classes, sectors and geographies. As a signatory of UN PRI since 2012, Man GLG is committed to a socially-responsible investment approach that combines best practices in environmental, social and governance analysis with the interests and values of our clients.

Man FRM, as a hedge fund investment specialist, engages its sub-managers to promote the inclusion of ESG factors into their investment processes, policies and practices. Man FRM also promotes the acceptance of the UN PRI with our sub-advisors and encourages their participation as signatories to the Principles.

 

Stewardship

We strive to meet the evolving needs of our clients in the context of a rapidly changing regulatory environment. Environmental, social and governance ('ESG') criteria are a key part of our stewardship responsibility, and we are committed to furthering the interests of our clients in this area.

We understand the importance of a robust infrastructure when it comes to investing responsibly. At Man, each portfolio manager benefits from the support and resources needed to integrate ESG factors into their investment process.

Our sophisticated, firm-wide technology platform allows us to approach ESG from a systematic, fundamental or negative screening perspective. The services of external ESG specialists, as well as research produced by our in-house analysts, ensure that portfolio managers are well positioned to consider and capitalise on ESG factors in their investment decisions.

 

Active engagement

Our discretionary portfolio managers actively engage with the executives and senior management of companies in their portfolios. Not only does this allow us to help shape these companies’ futures in a responsible manner, but it also supports our broader goal of moving our investment portfolios towards higher ESG standards.

Proxy voting

Our proxy voting practices are designed to ensure that regulatory requirements are adhered to, and votes cast in the best interest of our clients. To assist with our proxy voting responsibilities, we have appointed a proxy voting adviser to provide analysis, research, and voting recommendations.

We generally vote in accordance with the recommendations of our proxy voting advisor, where their proxy voting guidelines and recommendations aim to increase shareholder value. However, we are not bound by their advice, and would not support current management initiatives that are not in the best interests of our clients.

 

Affiliations

As part of our commitment to responsible investment, we are proud to be involved with the following organisations and ESG-related initiatives as a member, supporter or in an advisory capacity.

 
 
 
 

Responsible Investment News & Perspectives

Responsible investing takes a number of forms, and this area of our industry is constantly evolving. We believe it is important to regularly assess and challenge the thinking in this field, examining the theory and practice which allow truly responsible approaches to add value for clients.

 

This message contains links to third party websites not owned or operated by Man Group plc (Man) nor any of its subsidiaries. Man is not responsible for the content on these sites and it makes no representation as to the accuracy or completeness of the information contained therein. This content is being provided for informational purposes only and should not be viewed as an endorsement by Man of any of the views expressed.

Perspectives towards a Sustainable Future

​​Perspectives towards a Sustainable Future is a podcast series about what we are doing today to build a more sustainable world tomorrow. Each episode features a thought leader discussing an aspect of sustainability – its origin, evolution and relevance today – with Jason Mitchell, Sustainability Strategist at Man Group.

Podcast episodes

The podcast series’ topics range from Professor Mike Cho's views on South Korean corporate governance reform efforts, to David Wood of the Harvard Kennedy School reasoning for why economic inequality is one of the defining issues of our time and what we can do to address it.

 

1: Corporate governance reform in South Korea

Professor Mike Cho describes why South Korean corporates have historically underperformed their global peers on corporate governance metrics, and why the new administration under President Moon promises to usher in a spate of reforms in this area. What will this mean for family-run Korean conglomerates, otherwise known as chaebols? How is South Korea adopting national governance models towards the launch of their own Stewardship Code?

This podcast was recorded on 24 Oct 2017.

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Professor Myeong Hyeon (Mike) Cho

Professor Myeong Hyeon (Mike) Cho is a professor of strategy at Korea University Business School and also serves as the President of Korea Corporate Governance Service. Professor Cho has worked as a member at various government committees such as the National Economic Advisory Committee and Financial Service Advisory Committee. Prior to joining Korea University, he worked as an assistant professor at the Owen Graduate School of Management at Vanderbilt University.

2: The challenge of accounting for rights and ethics

Professor Ken McPhail discusses why rights – human, political, social, labour or environmental – have historically been so difficult to define, and why the S (Social) in ESG (Environmental, Social and Governance) analysis provides an opportunity to better develop accounting practices for assessing the costs of rights to society, investors and corporates. How do we begin to quantify what human rights risks pose for society and investors? Can there ever be a path towards an international-recognised ethical accounting standard? How is technology changing our conception of human rights to now include the loss of privacy?

This podcast was recorded on 11 Nov 2017.

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Professor Ken McPhail

Professor Ken McPhail is Vice Dean for Social Responsibility within the Faculty of Humanities at the University of Manchester. Professor McPhail oversees the strategic development and implementation of the University’s distinctive social responsibility agenda. In addition, Professor McPhail also sits on the University’s Social Responsibility Governance Group which is chaired by the Vice Chancellor and Principle. Professor McPhail's work is focused on various aspects of accounting ethics and corporate accountability.

3: The case for natural capital accounting

Ece Ozdemiroglu explains why current accounting methodologies like Gross Domestic Product (GDP) used to measure economic and financial performance misrepresent the underlining value of our natural resources, from fisheries and forests to mineral deposits and water resources. How will natural capital accounting help us to more sustainably manage our resources over the long-term?

This podcast was recorded on 08 Dec 2017.

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Ece Ozdemiroglu

Ece Ozdemiroglu is the Founding Director of eftec. She is also a member of the Climate Change Committee Adaptation Sub Committee and the Natural Capital Initiative. She specialises in interpreting economic value evidence for natural capital, ecosystem services, cultural heritage, charitable sector and value of information. She is an Associate Editor of the Journal of Environmental Economics and Policy and has co-edited or co-authored 11 books.

4: The case for going tobacco-free

Dr Rachel Melsom describes why investor engagement with the tobacco industry, relative for instance to the fossil fuel industry, is futile because of its negative health and social repercussions. She also explains why international policy momentum – the WHO Tobacco Convention, the UN Global Compact Statement and the UN’s Sustainable Development Goals – provide a framework to understand the broader socio-economic implications of tobacco, and the momentum behind recent investor announcements to go tobacco-free.

This podcast was recorded on 14 Dec 2017.

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Dr Rachel Melsom

Dr Rachel Melsom is Director of Tobacco Free Portfolios for the UK and Europe, and a practicing Doctor. Tobacco Free Portfolios focuses on the medical and societal cost of continued investment in the Tobacco Industry, addressing the effect of the product and the wider cost of smoking to society, encouraging Tobacco Free Investment. Rachel also works part time in the Department of Medicine for the Elderly (DoME) at Worthing Hospital in Sussex.

5: Economic inequality: the defining issue of our time

David Wood describes the evolution of responsible investment – its approaches and institutions like the United Nations-supported Principles for Responsible Investment – over the last decade. Wood also explains why the need for a framework to economic inequality is essential in understanding the systemic risks it represents for society at large. How have the UN’s Sustainable Development Goals dimensionalised inequality, enabling a better understanding for investors? How can we reconcile the rise of populism in the United States with the policies under the Trump administration that would appear to exacerbate economic inequality?

This podcast was recorded on 21 Dec 2017.

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David Wood

David Wood is an Adjunct Lecturer in Public Policy and the Director of the Initiative for Responsible Investment at the Harvard Kennedy School. Current projects range from work with pension fund trustees on responsible investment policies, mission investment by foundation endowments, research on the changing nature of the supply for and capacity to receive capital for community investment in the US, and a global survey of the relationship between public policy and impact investment. Recent work includes the Handbook on Responsible Investment Across Asset Classes (Boston College, 2007).

6: The role that education will play in tackling climate change

Charles Donovan explains why it is critical for universities to develop postgraduate programmes that formally address the financial challenges and investment opportunities of climate change. Does the establishment of Imperial College’s Climate Finance Centre represent greater private sector job opportunities in climate finance and strategy? What kind of curriculum can students expect to study towards a MSc or PhD, and what kind of climate finance research is Imperial producing?

This podcast was recorded on 08 Jan 2018.

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Charles Donovan

Charles Donovan is Director of the Centre for Climate Finance and Investment at Imperial College Business School and Principal Teaching Fellow in the Department of Management. In his corporate career, he was most recently Head of Structuring and Valuation for Alternative Energy at BP, where he managed a team responsible for the analysis and financing of large renewable energy projects. He was part of the strategy team that launched the alternative energy division in 2005, with a commitment from BP to spend US$ 8 billion over 10 years, and participated in a number of strategic acquisitions.

 

Disclaimer: Episodes of Perspectives Towards a Sustainable Future are an open resource and available on iTunes. Interview subjects are unaffiliated with Man Group.

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Never miss a new episode. Sign up for our Perspectives towards a Sustainable Future podcast series on iTunes.

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Contact us

For comments and ideas for upcoming episodes, please send us an email.

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This information is communicated and/or distributed by the relevant Man entity identified below (collectively the “Company”) subject to the following conditions and restriction in their respective jurisdictions. Opinions expressed are those of the author and may not be shared by all personnel of Man Group plc (‘Man’). These opinions are subject to change without notice, are for information purposes only and do not constitute an offer or invitation to make an investment in any financial instrument or in any product to which the Company and/or its affiliates provides investment advisory or any other financial services. Any organisations, financial instrument or products described in this material are mentioned for reference purposes only which should not be considered a recommendation for their purchase or sale. Neither the Company nor the authors shall be liable to any person for any action taken on the basis of the information provided. Some statements contained in this material concerning goals, strategies, outlook or other non-historical matters may be forward-looking statements and are based on current indicators and expectations. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements. The Company and/or its affiliates may or may not have a position in any financial instrument mentioned and may or may not be actively trading in any such securities. This material is proprietary information of the Company and its affiliates and may not be reproduced or otherwise disseminated in whole or in part without prior written consent from the Company. The Company believes the content to be accurate. However accuracy is not warranted or guaranteed. The Company does not assume any liability in the case of incorrectly reported or incomplete information. Unless stated otherwise all information is provided by the Company. Past performance is not indicative of future results. Unless stated otherwise this information is communicated by Man Solutions Limited which is registered in England and Wales at Riverbank House, 2 Swan Lane, London, EC4R 3AD. Authorised and regulated in the UK by the Financial Conduct Authority.

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