Strong performance against its sustainability objectives helped London-based, B Corporation-certified Tribe Impact Capital, become judges' pick for 'Wealth manager of the year', as portfolio companies recorded over 34,300 tonnes of carbon dioxide emissions avoided, generated 4,500MW of renewable energy and recycled 4,100 tonnes of waste.
Focused entirely on impact investing, Tribe Impact Capital solely invests in businesses working for the benefit of society and the planet and every investment is assessed on both investment and impact credentials, its 'twin lens approach'.
To stay ahead of the competition, it has continued to innovate by investing in new measurement and engagement strategies. More recently, it has integrated impact data provider Matter's more refined and granular SDG revenue dataset to track aligned and misaligned products and services within its portfolio. This has helped Tribe to better calculate additionality and contribution in its portfolios. It has also strengthened its impact engagement function and approach, which has led to increased dialogue with investees and investors and resulted in more collaboration.
Its proactive approach has been reflected clearly in the wealth manager's achievements in 2024.
Early findings from its latest, soon-to-be-published sustainability report show it has reduced Scope 1 and 2 carbon intensity across its portfolio by around 37.5% against its 2020 baseline. Furthermore, it has taken an active stewardship role for its holdings supporting one portfolio company to become B-Corporation certified, helping advance another's biodiversity management practices together with other investors, engaging with one holding's investee companies to target greater environmental sustainability, and working to enhance transparency with the investor relations team of another company.
A recently completed 12-month development programme has also evaluated and refined all aspects of its impact investment process, which has led to significant improvements in the scalability, intention, focus and development of its core proposition. The process has allowed it to harmonise its impact investment strategy and expected outcomes across its different product lines. Furthermore, it implemented an approved science-based target for its portfolio last year and is currently developing a comprehensive biodiversity strategy in line with its commitment as a Finance for Biodiversity signatory.
Amy Clarke, chief impact officer at Tribe Impact Capital, said: "When Tribe was established eight years ago, terms like sustainability and impact were seen as niche. We believed they were inevitable.
"Since then, there have been many drivers of the change in attitudes towards sustainability, one of which has been the ability to compete on a playing field that includes all investment managers."
She added: "We're delighted that today there are more and more sustainability driven investment houses and opportunities to celebrate their progress and achievements – like the Environmental Finance IMPACT awards."