30 August 2019

The Trustees of the Foundation seek to balance their duty to achieve optimal investment returns with the goal of creating a portfolio that follows the best practices of responsible investing.

In particular, the Trustees aim to appoint managers who apply the principles of responsible investment. This may include, for instance, Environmental, Social and Governance (ESG) screening of all potential investment opportunities.

Furthermore, due to the increasing availability of sustainable funds options in the market, the Trustees have now committed to moving to zero fossil fuels exposure in the investment portfolio over time, using the Carbon Underground 200 List of companies as the measure.

As part of this commitment, the Trustees have today targeted a further reduction in total assets invested in these companies from the existing level of 1.5% to 0.5% or less by December 2020.