Cazenove Capital's approximate £1.5 billion ($1.9 billion) Charity Sustainable Multi Asset Fund has returned 26.2% since inception in 2018, outperforming its benchmark, the Asset Risk Consultants (ARC) Steady Growth index, which returned 9.7% over the same period. For the most recent year, ending September 2023, it returned 2.8%.

Along with a £500 million Sustainable Growth Fund, the two funds form part of the firm's £7.5 billion of sustainable and ethical assets under management, which it says are invested in line with Cazenove Capital’s clients’ values. The firm uses SustainEx’s to measure social dividend of a company, which provides a net impact of a company’s social and environmental cost or benefit.

Both funds aim to avoid harm and allocate capital to companies and projects that Cazenove Capital classifies as having "meaningful and measurable positive impact".

On the impact side, Cazenove reports that during 2022 these investments avoided 191,782 tonnes greenhouse gas emissions (GHG). The Sustainable Growth Fund's portfolio has both lower carbon emissions and a lower weighted average carbon intensity than the global equity benchmark portfolio, the MSCI All Countries World Index (ACWI), across Scope 1, 2, and 3 emissions.

In addition, around 60% of companies within both funds are aligned with limiting global temperature increases to within 2°C, and 27% within 1.5°C compared with 54% and 24% for the ACWI benchmark. The companies held within the Sustainable Growth Fund lead to a temperature rise of 1.9-2.0°C compared with ACWI's 2.6°C, based on MSCI's implied temperature rise methodology.

Aside from environmental impact Cazenove Capital's sustainable portfolio is also reported to have reached over 450,000 people. This is broken down as 276,721 in financial services, 18,4752 in healthcare, 6,102 in digital service, 1,121 for clean drinking water, and 241 in education services.

Cazenove Capital says it aligns its impact practices with the UN Sustainable Development Goals (SDGs), as well as the Global Impact Investing Network (GIIN). The firm has had its impact management, measurement and reporting systems independently verified by impact consultant Bluemark.

"Wealth managers play a critical role in allocating capital to solving global challenges, such as climate and bio-diversity breakdown and increasing inequality. This award recognises our efforts to help scale impact investing with integrity," said Lyn Tomlinson, head of impact and philanthropy at Cazenove Capital.

In total, Cazenove Capital has £50.8 billion in assets under management (AUM).