Liontrust Responsible Capitalism Report 2024 - Flipbook - Page 67
GLOBAL COMPACT-RELATED CONTROVERSIES
Below is a list of some of the corporates held by the team that have been flagged by MSCI as failing or being on the watch list for
controversies against the Global Compact:
Company
Description of
status
Topic
Issue
Iberdrola
Watch list
Impact on Local
Communities
The company has faced criticism over environmental impact to livelihoods relating the
Teles Pires Dam and lack of consultation with Indigenous communities.
SP Transmission
(owned by
Iberdrola)
Watch list
Impact on Local
Communities
(same as above)
Unilever
Watch list
Biodiversity and
land use
The company has been criticised by NGOs over its alleged contribution to global
plastic pollution. The team is meeting with the company to discuss this issue and press
for an improved strategy with regard to single use plastics.
Adherence to Liontrust’s Controversial weapons policy
• The Sustainable Investment team adheres to this policy, which
excludes investment in companies with involvement in cluster
munitions, anti-personnel land mines, biological weapons and/
or chemical weapons. The team’s funds will also not invest in
companies with involvement in nuclear weapons or which supply
key components used in the selling of controversial weapons.
The team’s funds also exclude companies that have >5% of
turnover from the production of full weapons systems or critical
components of weapons systems or which have >£100 million
revenue from offensive weapons systems.
• Liontrust’s controversial weapons policy can be found from the
following web page: https://www.liontrust.co.uk/about-us/
corporate-sustainability/a-responsible-investor
Responsible Capitalism Report 2023 - 67