Corporate social responsibility | Governance | Investor relations | Liontrust Asset Management PLC

Corporate Social Responsibility

Liontrust is committed to the principle of Corporate Social Responsibility (CSR) and intends that it should become embedded, where appropriate, into its policies and practices, to the benefit of stakeholders as well as the wider community. Liontrust aims to be recognised as an organisation that is transparent and ethical in all its dealings as well as making a positive contribution to the community in which it operates. The Board and the Health and Safety Committee have reviewed the current and potential ESG risks and believe that adequate procedures are in place to identify and assess these risks.

Liontrust is committed to the following core values in all aspects of its work, including the fulfilment of its social responsibility:

  • Clear direction and strong leadership;
  • Customer focus and treating customers fairly;
  • Working to deliver good customer outcomes;
  • Open communication and transparency;
  • Commitment to the highest ethical standards;
  • Respect for people and the development of positive working relationships with others; and
  • Valuing and harnessing the equality and the diversity of Liontrust members and employees.

CSR Strategies

Liontrust seeks to achieve its corporate and social objectives by focusing on the following areas:

Equal Opportunities, Diversity, Inclusion and Human Rights

Liontrust has committed to the promotion of equal opportunities and the preservation of human rights. Liontrust is vehemently opposed to the use of slavery in all forms; cruel, inhuman or degrading punishments; and any attempt to control or reduce freedom of thought, conscience and religion. Liontrust will not knowingly enter into any business arrangement with any person, company or organisation which fails to uphold the human rights of its workers or who breach the human rights of those affected by the organisation’s activities.

Liontrust has put in place a series of policies, including a recruitment policy, parental leave policy, and a discipline and grievance policy which aims to ensure that all partners/directors, employees and associated persons have equal opportunities.

The Board recognises the importance of diversity and the benefits it brings to the Board and Group. The Board is committed to ensuring its composition is appropriate for the business and that members and candidates should possess the broad range of skills, expertise, industry knowledge, and other experience necessary for the effective oversight and management of the Group.

Liontrust believes that its people should be appointed to their roles based on skills, merit and performance and makes all appointments within the guidelines of its equal opportunities policy. Fundamental to increasing diversity is the development of a pipeline of talented and diverse employees within the business. We do not support quotas or to set prescriptive, quantitative diversity targets however, we endeavour to have a proactive and coordinated approach to attracting, retaining and developing a diverse workforce. As at 31 March 2017 the gender diversity within the group was as follows:

 2017   Male      Female
 Directors  6  -
 Members of LLP’s           23  2
 Employees  34  25


Stewardship

Liontrust manages all investments using different proprietary investment processes, and the rationale around Environmental, Social and Governance (ESG) issues depends on the underlying investment process. Good governance is important to all investment processes and so Liontrust is committed to the Financial Reporting Council’s Stewardship Code. Liontrust’s response to the stewardship code and how Liontrust complies with the responsibilities laid out in the code is available here.

Purchasing, Procurement and Bribery

Liontrust is committed to adhering to the highest standards of business conduct; compliance with the law and regulatory requirements; and best practice. The firm has established an anti-bribery policy to aid Liontrust’s partners/directors, employees and associated persons in ensuring that they comply at all times with relevant anti-bribery laws. In implementing this policy the firm demonstrates its commitment to preventing bribery, and establishing a zero-tolerance approach to bribery in all parts of the firm’s operations. Liontrust is committed to procuring its works, goods and services in an ethically and environmentally sensitive way, yet with proper regard to its commercial obligations, ensuring that suppliers deliver to agreed timescales, quality and cost. Purchasing is undertaken in a manner that encourages competition, and offers fair and objective evaluation of offers from all potential suppliers. Any significant transaction or agreement is reviewed by the Board.

Environment and Sustainability

Liontrust believes that businesses are responsible for achieving good environmental practice and operating in a sustainable manner. We are therefore committed to minimising our environmental impact and continually improving our environmental performance as an integral and fundamental part of our business strategy and operating methods. Liontrust has put in place an environmental policy that details the key points of our strategy on the environment. As part of our selection and review process, we encourage our suppliers, service providers and all business associates to do the same and where appropriate we have obtained the environmental policies of these counterparties. Not only is this sound commercial sense for all; it is also a matter of delivering on our duty of care towards future generations.

Environmental KPIs

Commercial Waste

Liontrust aims to minimise its commercial waste and to recycle as much of its commercial waste as possible, with any non-recyclable items being incinerated to produce energy. In the year to 31 March 2017, Liontrust recycled 6,030kg of materials saving 8,030kg of CO2 (year to 31 March 2016: 5,820kg, 7,890kg CO2).

Emissions Intensity per member of staff

Using the most recent data available from our landlords, we have identified an emissions intensity per member of staff (employees and members) of 1.6 tC02 per annum (2016: 1.6 tCO2 per annum).

The Health and Safety committee monitor the KPIs as part of their review of the ESG policy.

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