Our ESG Commitment
Sustainability is a journey and the family is committed to continuously improving our investment practices. We believe that our portfolio reflects our values and that investing responsibly propels long-term returns.
We have integrated ESG (environmental, social and corporate governance) considerations and family preferences into our investment framework, and prohibit investing in the following sectors: fossil fuels; weapons; alcohol; gambling; tobacco; adult entertainment; animal agriculture, products and entertainment; fast fashion; cryptocurrencies; as well as companies that have a detrimental impact on society, such as having been involved in controversies like child labour, bribery and modern slavery.
We have increasingly adopted an inclusionary approach, reviewing each investment holistically as opposed to evaluating traditional financial measures alone. As the global environment evolves, we look to evolve with it towards a thoughtful portfolio that embraces climate resilience, social impact and business ethics. As a family with long-term holdings, there are instances of direct exposure to our exclusion criteria.
In these instances which make up less than 1% of our portfolio, we have earmarked holdings for divestment. In the case of indirect investments such as in funds or securities that track an index, sector, commodity or other asset; where possible, ESG screens are used to exclude companies with poor ESG ratings. We continue to work to improve our exposure to second-order relationships to align our assets with a future we want to see.