Liontrust Responsible Capitalism Report 2024 - Flipbook - Page 10
In 2022, Liontrust bought Majedie Asset Management and with
it the Responsible Capitalism team. Responsible Capitalism now
encompasses Liontrust’s approach to sustainability, stewardship,
and ESG integration. (Following the Majedie acquisition, the
Sustainability and Stewardship Committee was renamed the
Responsible Capitalism Committee; the Stewardship team was
renamed the Responsible Capitalism team, and the Sustainability
Working Group was disbanded as its duties have been taken on
by the Responsible Capitalism team). The Responsible Capitalism
team, now six strong (as of mid-December 2022), feeds into Group
strategy and supports Liontrust’s investment teams in evidencing
how each team integrates material ESG-related considerations
into their investment processes. The Responsible Capitalism team
also supports Liontrust’s people strategy, its net zero work and its
management of key issues in the ESG space.
LIONTRUST’S PURPOSE AND RESPONSIBLE CAPITALISM
Liontrust’s purpose is to enable investors to enjoy a better financial
future. This is a multi-faceted aim which is linked to the Group’s
strategic pillars. More information can be found on Liontrust’s
purpose and strategic pillars in the Liontrust Asset Management PLC
Annual Report and Financial Statements.
Links to actions fulfilling effective stewardship
The components of Liontrust’s purpose are explained below along
with an evaluation of the extent to which the Group fulfilled its
purpose during the calendar year 2022 (within the context of the
market and macroeconomic performance during the year):
The extent to which we fulfilled our purpose in 2022
Purpose component
Defined as / how this links to Group strategy
Performance in 2022
Performance in 2022
FINANCIAL RETURN
For investors
Deliver long-term financial performance from
Group investments for investors.
Links to strategy: Deliver long-term investment
performance and being a responsible company
and investor are two strategic pillars for the
Group.
Successful
Over five years, 84% of Liontrust UK-domiciled
funds were in the first or second quartile of
their respective IA sectors. (Source: Financial
Express, as at 31.12.22, total return, net of fees,
income reinvested, excluding the Liontrust MultiAsset Funds, most of which do not have sector
benchmarks, and funds in the IA Specialist sector.)
See the Liontrust Asset Management PLC Annual
Report and Financial Statements for an update on
the Group’s fund performance during the financial
year. Additional information can also be found in
Liontrust’s Assessment of Value reports.
For shareholders
Longer term rise in Group’s share price.
Fall in Liontrust share price over the calendar
2022.
Link to strategy: Deliver long-term investment
performance.
The Group’s share price
over five years from the
start of April 2018 to the
end of March 2023 rose
over 90%.
During the calendar year
2022, the Group’s share
price halved.
Dividend (reported on fiscal year basis)
Interim dividends paid.
Link to strategy: Deliver strong long-term
investment performance.
Dividend increased for FY
2021/22.
Liontrust’s share price on 3 April 2018 was
548p rising to approximately 1056p on
27 March 2023.
Liontrust’s share price was impacted by a difficult
macro-economic and geopolitical environment
and fell along with other listed asset managers
and stocks across multiple sectors.
50p per share was paid in August 2022 as a
second interim dividend payment in FY’22
22p per share was paid in January 2023 as a
first interim dividend payment in FY’23
The total dividend during the fiscal year 2021/22
was 72.0 pence per share (2020/21: 47.0
pence), which was an increase of 53% over the
previous financial year. For more information, see
the Liontrust Asset Management PLC Annual Report
and Financial Statements.
10 - Responsible Capitalism Report 2022