Search this website. You can use fund codes to locate specific funds

SDG Engagement High Yield Credit: 2020 Annual Report

Seeking twin objectives of strong financial performance and positive social and environmental impacts that contribute to achieving the 17 Sustainable Development Goals (SDGs), we launched SDG Engagement High Yield Credit in October 2019.

Building the foundation and hitting our stride: a promising, productive inaugural engagement year

When we set out on our SDG impact journey, we understood that we were pioneering something different. There are few, if any, other global high-yield strategies that aim to tackle our co-linear objectives through a combination of investing expertise, SDG impact potential and an intensive annual engagement strategy.

In 2020, despite the backdrop of the global coronavirus pandemic, we achieved our overarching goal of engaging every company in our portfolio. As of year-end, 353 engagement actions were carried out at 114 companies. Our work should enable deeper, more open dialogue and evidence-based discussion of issues with management teams and boards in 2021 and beyond.

Our annual report explores how our SDG impact investing process has evolved one year in, presents our performance, examines the topics we engaged on last year as well as the most intensely engaged SDGs, and focuses on SDG impact in the metals and telecommunications sectors.

Risk profile

Past performance is not a reliable indicator of future results. Targets cannot be guaranteed. The value of investments and income from them may go down as well as up, and you may not get back the original amount invested.

The holdings discussed in this report do not represent all of the securities held in the portfolio and it should not be assumed that the above securities were or will be profitable. This information does not constitute a solicitation or offer to any person to buy or sell any related securities or financial instruments.

More Insights

Inflation and supply chain disruption: Impact on corporate sectors
Inflation and supply chain disruptions, along with the moderating pace of the post-pandemic earnings recovery, have made us more cautious on corporate fundamentals as we enter Q3 reporting season
Japanese employment: engaging for greater equality – an update
A year has passed since we published a note exploring the long-standing issues around the under-representation of women within the Japanese labour force.
SDG Engagement High Yield Credit commentary: Intesa Sanpaolo
As Italy’s leading financial institution, the Intesa San Paolo Group (Intesa San Paolo) serves 13.5 million Italian customers through its 4,300 branches.
Lessons from the EU: Development of the UK’s green taxonomy
The UK is in a strong position to leverage the significant effort that has gone into creating the EU Taxonomy, whilst adapting the framework to suit the UK market where necessary
Global Equity ESG Fund: H1 Report, 2021
We continue to focus on the transition to a more sustainable economy, which we view as an exceptional market opportunity as awareness grows of sustainability issues and opportunities.
Direct lending: how senior is your debt?
Private credit is broadly described as non-bank lending where the debt is not issued or traded on public markets.