Advancing our strategy

Anthos is dedicated to comprehensively understanding our impact across the value chain, leveraging our core values to drive ambitious responsible investing goals and strive to foster positive change in society and the environment.

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RI ambitions and targets

With our three core values as our compass, our RI ambition aims to understand the double materiality of our investment activities: understanding and mitigating the risks coming from the ESG issues on our investments; and aiming for our investments to have less negative impact and more positive impact in the world and society.


In 2020, Anthos set a number of ambitions to help us achieve our overall RI ambition. In 2023, we reviewed the effectiveness of these ambitions and the methodologies that underpin them. On the whole, we believe that the ambitions we set to be achieved in 2025 are still serving the purpose of steep learning, and further integrating ESG and managing sustainability risks across our investment processes.

Where do we stand after the consolidation year?

1

Climate: net zero by 2040

  • TCFD reporting: since 2023, we have incorporated this reporting into this Responsible Investment report.
  • Creation of in-depth climate handbook, with asset-class specific action plans.
  • Emission calculation methodologies for most asset classes.
  • Monitoring dashboards for equities and fixed income portfolios.

2

Leadership: highest level PRI

  • Achieved 4 stars across all categories.18

3

Training: 100% staff trained on RI

  • Achieved, including 2-day human rights workshops for all investment teams, TCFD governance, SFDR awareness, and IMM for SDGs (Duke uni), and various PRI academy trainings.

4

ESG Integration: all funds assessed on ESG

  • At the end of 2023, assets under management not covered by our assessment <1%.
  • The scorecard is now a mandatory step in the DD proces.
  • Scorecard quality review by RI monitored by Risk in a dashboard.
  • Research on availability and quality of look-through ESG data.

5

Stewardship 100%

  • Engaged with nearly 100% in-scope external managers.19

6

Exclusion: <5%

  • Less than 5% exposure to exclusions list (equities and fixed income).20

7

Negative impact: <5%

8

Positive impact: >25%

  • Using the IMP methodology, allocation to external funds classified as Bs and Cs is ~12%. Allocation to M/Ds is also ~12%. This reflects availability in the market and also reflects the data challenges present in absolute return strategies.21

9

SDG alignment: map our AuM

  • Using the SDI AOP platform, we integrate SDG alignment data analysis for equities and fixed income portfolios.22

Turning ambitions into actions

The ambitions we set a few years ago when determining our sustainability strategy are outlined in our RI policy. When setting ambitions and targets, it is important to set them at the right level where you want the outcome to occur, and the change is only possible if the action is performed by the right people in the right place. As a fund-of-funds manager, we believe that we can make an impact, and this is how we try to describe the various types of activities, ambitions, and targets we have set that help us influence positive change in the world:

Figure 4: Anthos value chain framework

18For further details (see As Anthos).

19For details about methodologies, including what is in and out of scope (see As Anthos).

20For details about our 2023 exclusions reporting (see Underlying assets).

21Using the IMP methodology, “Bs and Cs” refer to funds that aim to benefit stakeholders or contribute to solutions. M/Ds refer to funds that may/do cause harm. For more details about the IMP methodology (see As Anthos).

22For more information on the SDI AOP platform and our alignment with the SDGs (see Underlying assets).

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Responsible investment across the value chain

Sustainability

Partnership or allianceActivity and rationale
Institutional Investors Group on Climate Change (IIGCC)IIGCC provides relevant working groups, policy engagement through consultations on the topic of Climate Change. We join these groups as needed to develop our views and contribute to the development of understanding how to implement for a fund of funds.
Dutch Climate AgreementWe signed the agreement to show our commitment and start the path towards Paris Agreement alignment.
Science Based Targets initiative (SBTi)We took part in their private equity sector expert advisory group (2021) and started the process to sign up to the SBTi as a company together with our broader company ecosystem.
Clean, Renewable and Environmental Opportunities (CREO) SyndicateIn 2022, we took part in their thought leadership seminar to share our insights on how to invest for systemic change.
Carbon Disclosure Project (CDP)We use their datasets, measurement methodologies, and joined their science-based target engagement campaigns.
Partnership for Carbon Accounting Financials (PCAF)We are part of the working group for emerging market sovereign bonds. We also took part in the private equity working group with our sister company Bregal.

Human dignity

Partnership or allianceActivity and rationale
United Nations’ Principles for Responsible investment (PRI)Anthos has been a signatory since 2019. In 2022, we endorsed the human rights engagement initiative ‘Advance’ and joined asset-class specific working groups.
SHIFTWe partnered with them throughout 2022 to enhance our human rights approach.
Investor Alliance for Human Rights (investorsforhumanrights.org)We joined this initiative to learn and align with other investors on the same path. We advised them for our human rights statement for example, next to SHIFT.

Good corporate citizenship 

Partnership or allianceActivity and rationale
SFDR working group organised by the Dutch Fund and Asset Management AssociationWe actively participate in the SFDR expert sessions and initiated an expert group for SFDR implementation for funds of funds. We also contribute via DUFAS in the industry relevant consultations regarding EU policy developments.
Impact FrontiersOver 2022, we participated in a working group with other funds and fund-of-funds to share best practices in integrating the IMP norms in investing, determining investor contribution, sharing knowledge, etc.
Global Impact Investing Network (GIIN)We took part in their annual conference, speaking about investing for systemic change. We are also members of their investor advisory council.