Argo Group Limited
Climate Impact & Sustainability Data (2023, 2024-01 to 2024-06)
Reporting Period: 2023
Environmental Metrics
Social Achievements
- Added two experienced personnel during the year, an economist and a trader
Climate Goals & Targets
Long-term Goals:
- The Board believes there is significant opportunity for growth in assets and profits and remains committed to ensuring the Group’s investment management capabilities and resources are appropriate to meet its key objective of achieving a consistent positive investment performance in the emerging markets sector.
Short-term Goals:
- Raising AUM remains Argo’s top priority over the coming year.
Environmental Challenges
- Collection delays with regard to management fees receivable and monies advanced.
- Some investments in funds under management are illiquid and may be subject to events materially impacting recoverable value.
- Current level of AUM remains below that required to ensure sustainable profits on a recurring management fee basis in the absence of performance fees.
Mitigation Strategies
- Ongoing review of the Group’s cost basis.
- Marketing efforts continue to focus on TAF which has 23 years of track record.
- The Group continues to seek opportunities to increase AUM either through existing fund structures or by identifying external partners with whom to cooperate.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- Boosting AUM will be Argo’s top priority in the next six months.
Environmental Challenges
- The current level of AUM remains below that required to ensure sustainable profits on a recurring management fee basis, in the absence of performance fees.
Mitigation Strategies
- An ongoing review of the Group’s cost basis. The Group has ensured that the operational framework remains intact and that it retains the capacity to manage additional fund inflows as and when they arise. Boosting AUM will be Argo’s top priority in the next six months.