Sustainable investing has increased in importance over recent years, as more people become aware of environmental, social and governance (ESG) issues, and whether their investments are helping to combat these - or if they may actually be contributing towards them.
This page aims to explain what we mean when we talk about thoughtful investing and evidence our approach to sustainability as an organisation at Castlefield.
Castlefield is an award-winning, employee-owned investment management and financial planning business, with a reputation for being at the forefront of ethical investing.
Below we outline some of the ways that Castlefield has established this reputation and provide evidence to support our credentials.
The Castlefield story began in 2002. When founder, John Eckersley, started Castlefield he defined a very clear purpose for the business:
"Castlefield exists to help its clients and co-owners (employees) to achieve their personal goals. It’s that simple. We do this in such a way as to respect the interests of the widest range of stakeholders."
"We summarise this purpose as: ‘gathering assets, to do good’."
To ensure ethical considerations are consistently incorporated throughout, we developed a proprietary investment approach - the ‘B.E.S.T’ framework.
This distinctive approach centres around the principle that there is more to consider than simply present-day financial factors. Environmental, Social and Governance (ESG) factors are an integral part of any long-term investment process and we have built our approach accordingly, believing that the integration of ESG throughout the process delivers better outcomes for all stakeholders. NB: while our Real Return fund follows the B.E.S.T. process, it is not included within our Thoughtful Fund Range.
Learn More About B.E.S.TWe want our investors to have confidence that their values are reflected in their investments. Our Thoughtful Fund Range has been designed to provide an option for investors who are seeking to align their investments with their values.
The screening of investments within the Thoughtful Fund Range seeks to avoid exposure to companies involved in controversial sectors or activities - for example tobacco, high interest lending, oil & gas. More details can be found in our screening policy at the link below.
Castlefield Screening PolicyConsidering positive investment themes when making investment decisions is important at Castlefield. We believe responsible business practices, products and services, will allow companies to produce better investment returns over the long term.
Our positive themes provide a framework for assessing the positive credentials of any individual investment.
Learn more about our positive investment themes and how holdings align to them at this link.
NB: while our Real Return Fund follows our B.E.S.T. investment process, we do not include it within our Thoughtful Fund Range.
Learn MoreIn December 2021, Castlefield announced its net zero policy, with commitments to achieving net zero in our own operations and supply chain, along with achieving net zero in our investment portfolio.
We engaged with independent consultants to record our baseline carbon emissions, so that we could identify the steps across the company needed to achieve our net zero commitments. The report is available below.
Our net zero roadmap was produced in partnership with independent consultants, Positive Planet. This report provides an outline of why we're taking action and gives a breakdown of our current baseline emissions, together with our net zero targets. The data is then used to identify the roadmap of steps we're committed to take, in order to achieve our net zero targets.
You can download a copy of the report at the link below.
Castlefield Net Zero RoadmapWe consulted with independent consultants from Impact Cubed, to provide a detailed analysis on key ESG performance metrics for our thoughtful fund range.
Compared to mainstream benchmarks, they found that funds within the Castlefield Thoughtful Fund Range have lower environmental impacts and lower exposure to industries that are socially and environmentally damaging (i.e. tobacco, gambling, mining).
Additionally, Castlefield's thoughtful funds have a higher proportion of assets invested in responsible industries than their respective peers (i.e. renewable energy, education). Further results for each fund can be found in our Annual Stewardship Report – linked to below.
Please download the latest Annual Stewardship Report using the link below.
This includes details of our Thoughtful Investment Approach, Impact Reporting, Stewardship, Engagement, Case Studies and Voting Activity.
Download Annual Stewardship ReportOur annual stewardship report closely follows the Financial Reporting Council’s UK Stewardship Code reporting requirements. It covers a broad range of subjects and is primarily designed to outline our approach to responsible investment.
We are proud members of the UK Stewardship Code - recognised globally as a best practice benchmark in investment stewardship.
The UK Stewardship Code sets high stewardship standards and is built around 12 principles of effective stewardship. It was updated in 2021 with a greater emphasis placed on transparency standards around stewardship activities than the 2012 code it replaced.
As long-term investors, we take our stewardship role seriously and appreciate we have a duty to represent our clients values as we build relationships with company management and investor relation teams.
These actions can have significant influence and help to build support for the adoption of best practice across the market over time. A number of case examples from investee firms have been included within this year's report to showcase these in practice.
We hope this report demonstrates the importance of stewardship and engagement throughout Castlefield, and goes someway to explain why we are known as The Thoughtful Investor ®.
Ewelina Niziolek-Wilson
Castlefield wouldn’t be where it is now if it wasn’t for our people. It’s what makes us unique. One thing that brings us together is our ‘core’ values. Regardless of your role, our values are universal for everyone at Castlefield and empowers each of us to be the best that we can be:
Castlefield is proud to be an employee-owned business. We believe this creates a culture of shared accountability, greater commitment and encourages a longer-term outlook.
For our clients, this brings a number of additional benefits, than a more traditional structure including:
Visit our document library for a variety of brochures, reports, guides and other publications.
The financial services sector is rife with acronyms and industry-specific language, along with similar terms being used interchangeably (e.g. responsible, ethical, ESG, SRI).
At Castlefield, we try hard to dispel as much jargon as possible.
With such a range of terminology, we've put together this handy glossary - your guide to some of the most commonly used investment and financial industry terms.
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