Associate Global Partners Limited
Climate Impact & Sustainability Data (1H FY24, 2017-07 to 2018-06, 2020-07 to 2021-06, 2021-07 to 2022-06, 2022, 2022-01 to 2022-03, 2022-12-31, 2023-07-01 to 2023-06-30, 2024, 2024-08-31, FY2024)
Reporting Period: 1H FY24
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- The Group is well positioned to achieve profitability in the near term.
Medium-term Goals:
- Continue to launch new products with the Group’s suite of managers where market demand exists.
- Continued investments in a national distribution team to support the needs of existing and new investment managers and clients.
- Enhancements in marketing technology and CRM platforms to drive better segmentation and targeting opportunities.
Short-term Goals:
- Continue growth of established, existing investment managers in WCM and Woodbridge.
- With new SQM research rating for WCM Small Caps, focus will be on platform inclusion in FY24 to expand potential investor pool.
Environmental Challenges
- Market conditions were volatile in Q1 FY24, impacting performance of some investment strategies and subsequently total FUM.
Mitigation Strategies
- Strict cost control and growing revenues supporting future growth
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2017-07 to 2018-06
Environmental Metrics
Social Achievements
- Launched employee share buyback scheme
Climate Goals & Targets
Short-term Goals:
- Continue to consolidate and grow its position in the funds management sector
Environmental Challenges
- Transitioning from institutionally focused fund manager to a specialist listed investment house targeting retail market
Mitigation Strategies
- Restructured operations, including reducing headcount and relocating head office to Sydney; revised cost structures and service provider arrangements; reviewed fee structures to leverage profit growth and reward outperformance; acquired Switzer Asset Management; invested in business development team to drive FUM growth.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2020-07 to 2021-06
Environmental Metrics
Governance Achievements
- Appointment of a new Independent Director, Mr. Andrew Meakin.
Climate Goals & Targets
Environmental Challenges
- Share price discount to NTA.
Mitigation Strategies
- Board will continue to monitor the share price and, if appropriate, seek shareholder approval to implement corporate strategies to address the discount.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2021-07 to 2022-06
Environmental Metrics
ESG Focus Areas
- environmental, social and governance (ESG)
Climate Goals & Targets
Environmental Challenges
- Global markets have been hampered by rising global inflation and geopolitical instability which have led to one of the worst periods that developed equities markets have experienced in over 50 years.
Mitigation Strategies
- The Company will continue to invest in and build the distribution capability it needs to grow its existing products organically in the advised and self-directed markets.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental, Social and Governance (ESG)
Climate Goals & Targets
Short-term Goals:
- Reach positive cash flow and profitability in the near term
Environmental Challenges
- Significant market drawdown in 2H FY22
Mitigation Strategies
- Ongoing cost control
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022-01 to 2022-03
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Intention to change company name to Associate Global Partners Limited and changed the name of its Responsible Entity (RE), Switzer Asset Management Limited, to AGP effective from 20 April 2022.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Global market instability impacting FUM and WCM strategies; persistent share price discount of WCM Global Long Short Limited (WLS) to its net tangible assets (NTA).
Mitigation Strategies
- Working with the Board of WLS to implement a proposed restructure to enhance shareholder value and provide opportunity for long-term growth; monthly distributions for SWTZ instead of quarterly to better suit investor needs.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-12-31
Environmental Metrics
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-07-01 to 2023-06-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Volatile market conditions, especially for global equities.
Mitigation Strategies
- Strategic initiatives to rationalise the existing product suite, invest in acquisitions and partnerships, and enhance marketing and distribution capabilities.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Short-term Goals:
- increase annualised revenues with strict cost control and expect to reach positive cash flow and profitability in the near term