William Grant & Sons Limited Pension Scheme
Climate Impact & Sustainability Data (2022-04-05 to 2023-04-05)
Reporting Period: 2022-04-05 to 2023-04-05
Environmental Metrics
ESG Focus Areas
- Climate Change
- Stewardship
- ESG Factors
- Human Rights
- Diversity
- Governance
Environmental Achievements
- 16% reduction in portfolio relative carbon emissions since 2019 baseline levels; on track to reach a 45% reduction by 2030.
- Over 20% of Mercer’s funds showed improved ESG ratings over the year.
Social Achievements
- 36% of Key Decision Makers (KDM’s) within Mercer IS team are non-male; long-term target is 50%.
- MGIE confirmed as a signatory of the UK Chapter of the 30% Club in Q3 2022.
Governance Achievements
- Mercer awarded top marks for overarching Investment and Stewardship Policy section in UN Principles of Responsible Investing scores for 2021.
Climate Goals & Targets
Long-term Goals:
- Net-zero absolute carbon emissions by 2050 for UK, European and Asian clients with discretionary portfolios
Medium-term Goals:
- Reduce portfolio relative carbon emissions by at least 45% from 2019 baseline levels by 2030.
Environmental Challenges
- Managing climate change risks and opportunities.
- Ensuring alignment between Mercer's, MGIE's, and third-party asset managers' engagement policies with those of the Trustee.
Mitigation Strategies
- Regular review of Mercer's Sustainability Policy and reporting.
- Monitoring of third-party investment managers' engagement activity.
- Consideration of divestment or renegotiation of commercial terms with Mercer if necessary.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UK Stewardship Code 2021, TCFD, UN Principles of Responsible Investing, EU Shareholder Rights Directive II, UN Global Compact