Sustainable Investing Report 2025-26

2025 marked another year of progress across our sustainable investing programme, set against a complex global backdrop.

Amid macroeconomic uncertainty, geopolitical tension, and regulatory divergence, we remain focused on the rigorous assessment of financially material risks within the investment process. Our engagement with managers indicates that sustainability-related risks continue to be embedded within core underwriting and portfolio decisions, driven by fiduciary discipline rather than external labelling.

Over the past year, we:

• Reviewed the responsible investment practices of 146 managers representing $43 billion in AUM. 84% integrate sustainability considerations into their process, with 21% classified as Leaders.
• Assessed all 22 new managers onboarded to our platform, including five first-time private equity fund launches, reflecting continued market evolution since our survey began in 2016.
• Engaged with managers overseeing $12.3 billion in AUM, building on a programme established in 2016.
• Committed approximately $250 million to strategies targeting positive social and environmental outcomes, bringing total allocations to $4.2 billion.

In January 2026, Gayle Muers joined as Head of Sustainable Investing, further strengthening our leadership and client engagement in this area.

Read the full report to learn more about our approach and recent developments.