2022 in numbers and letters
The following highlights cover areas such as our asset base, platform, and people, as well as our responsible investment ambitions, priorities, and assessments.
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What we do
The way we invest reflects our belief that all-weather portfolios stand the test of time.
Our responsible investment policy applies to all asset classes, with variations and exceptions in implementation depending on the asset class.
Anthos’ active fund-of-funds portfolio of investments spans six asset classes across public and private markets: public equities, public fixed income, private real estate, private equity, absolute return strategies, and multi-asset impact. We select the best managers globally and combine them in portfolios to deliver stable financial performance whilst contributing to the common good.
Our investment capabilities expand to OCIO solutions, where we help investors translate their values, beliefs, and goals into appropriate portfolios that we manage on their behalf. As we share the values of sustainability, human dignity and good corporate citizenship with our clients, we also strive to develop and align our responsible investment ambitions and targets together.
Find out more about our investment strategies and solutions on Anthos’ website.
Our 2022 assets under management
O
Asset class offering
Equities
32.49%
Fixed income
31.55%
Private equity
11.13%
Global real estate
10.00%
Absolute return strategies
9.96%
Multi-asset Impact
2.90%
Cash/other
1.72%
O
Approach
Direct
12.37%
Indirect
87.63%
O
Vehicle
Funds
85.20%
Mandate
2.43%
Direct allocations
12.38%
O
Geography
Developed markets
84.98%
Emerging markets
15.02%
Expanding our platform
After nearly a century of investment success as the investment manager of the Brenninkmeijer family, their charities, and pension funds, we officially opened our doors to other professional investors who share our values.
In 2022, our client platform expanded to include
Our distinct skillsets
Our people
Countries
Bulgaria
France
India
Germany
Korea
Republic of North Macedonia
Italy
Netherlands
Romania
Switzerland
United Kingdom
United States
Azerbaijan
Gender distribution
O
Approach
Female
35%
Male
65%
Age distribution
Numbers reflect full-time employees only.
Our responsible investment ambition
Our responsible investment ambition is to be a force for good in society by helping investors allocate capital according to our three values.
To do this, we aim to minimise the negative impact and increase the potential for positive impact of the investments we manage in line with our values.
A key component of our approach assesses the sustainability strategies of all underlying managers, and translating this into a language that makes sense to our stakeholders: our ESG and IMP methodology.
About our ESG and IMP methodology
Anthos’ top five RI priorities
In 2022, we conducted Anthos' first double materiality assessment where we sought to understand our greatest responsible investment priorities according to our stakeholders.
We were encouraged to see that the topics we were already working on were considered top priorities—read about those in the chapter about our climate and human rights commitments. For the others, we highlight our thinking and action plans below:
1
Climate action
We have a net-zero ambition, we expanded our measuring and monitoring capabilities, we engaged in conversations with managers more proactively, and we trained 100% of our staff on climate change.
2
Good corporate governance
Recognising this is a priority for our stakeholder group, we see a need to take further action and codify our efforts more concretely in 2023.
3
Financial inclusion and decent work
This is a core theme in our impact portfolios. We see it as an investment opportunity and from the perspective of decent work it is also part of the human rights and labour practices work we do.
4
Human rights & labour practices
Taking action to safeguard human rights in our entire value chain is fully aligned with our value of human dignity. We raised awareness internally, drafted our human rights statement, and held workshops with strong firm-wide representation to understand the topic within the investment context.
5
Biodiversity & ecosystems
We intend to begin raising awareness in a similar way to human rights in 2023 and use datasets as a starting point to understand the issues and our current impact. We will also research and discuss with the experts and peers within our manager and broader industry network.
Next page
Reflections from our Director of RI
About our ESG and IMP scoring methodology
Anthos’ ESG and IMP scorecard is a proprietary tool used by investment teams at Anthos to score the sustainability credentials of underlying managers and strategies during due diligence and post-investment for engagement and monitoring. The scorecard assessment is based on the guidance by the Principles for Responsible Investment (PRI), the OECD guidelines for institutional investors, the Global Real Estate Sustainability Benchmark (GRESB) and guidance from the Impact Management Project (IMP) for impact.
Find out more about the assessment in our responsible investment policy and impact policy both on Anthos’ website.
ESG explained
Leader: The thought leaders, influencers, and proactive implementers. Leaders voluntarily set standards and develop new approaches and solutions to society’s problems.
Professional: Fully compliant with regulations, professionals sign up to global commitments and implement clients’ policies without complaint. They have sufficient resources and good, practical governance.
Novice: Novices refers to managers that are aware of the importance of integrating ESG issues, and are starting to formulate policies and processes. Some have good integration but are lacking in the documentation or facing data gathering challenges. They do what is required legally, and often have gaps in their responsible investment approach.
Laggard: Laggards may think responsible investment and sustainability issues are important, but outside the remit of how they invest. They don’t have much to show in terms of ESG integration and lack willingness to change.
Not applicable: Cash; FX positions; other cash instruments; FX hedge; money market funds (unless it is in an impact fund); direct government bonds; direct real estate; legacy assets.
Impact explained
May/Does cause harm: The absence of policies, processes or activities to measure, monitor and mitigate the negative impacts caused by the asset.
Act to avoid harm: Seeks to mitigate the negative impact of an investor’s portfolio, by for example incorporating ESG factors into investment decisions, accounting for and mitigating negative impact, engagement, and other activities to avoid harm.
Benefit stakeholders: Seeks investments intended to generate positive outcomes for a wide range of stakeholders. This can be done by, for example, positively screening for investments that are sustainable for the world either by consistently mitigating their negative and providing positive contributions or by being in industries that traditionally provide positive outcomes, e.g. healthcare, or education.
Contributes to solutions: Seeks investments intended to generate measurable significant positive, social and environmental impact for otherwise underserved stakeholders, including the environment
Not scored: The remaining funds face challenges ranging from data issues in that particular asset class, to legacy funds, to methodology mismatch for those strategies that employ complex methodologies which require further study before we can use the IMP methodology.
Not applicable: Cash; FX positions; other cash instruments; FX hedge; money market funds (unless it is in an impact fund); direct government bonds; direct real estate; legacy assets.