GET IN TOUCH

CCLA, One Angel Lane

London EC4R 3AB

IMPORTANT INFORMATION

All data as at 31 December 2025, unless specified otherwise. This document is issued for information purposes only. It does not constitute the provision of financial, investment or other professional advice. We strongly recommend you seek independent professional advice prior to investing. The value of investments and the income derived from them may fall as well as rise. Investors may not get back the amount originally invested and may lose money. Any forward-looking statements are based on CCLA’s current opinions, expectations and projections. CCLA undertakes no obligations to update or revise these. Actual results could differ materially from those anticipated. All names, logos and brands shown in this document are the property of their respective owners and do not imply endorsement. These have been used for the purposes of this document only. CCLA Investment Management Limited (registered in England & Wales, No. 2183088, at One Angel Lane, London EC4R 3AB) is part of the Jupiter Group, and is authorised and regulated by the Financial Conduct Authority.

2026 Better World

Stewardship outcomes for the year 2025

Share

result

Engagement focus:

better environment

A thriving environment is fundamental to the long-term health of the economy and the stability of the financial system. Without a resilient natural world, the foundations upon which markets and prosperity depend are at risk. For our clients, environmental concerns and decisive climate action are not peripheral issues but central priorities, shaping both investment outcomes and societal wellbeing.

End of Summer, HM Prison Littlehey | Courtesy of Koestler Arts

Engagement themes

Our engagement work is organised around three themes: better work, better environment and better health.

Learn more

Recognising this, we have made climate action a core focus of our stewardship and engagement work since 2010, consistently pressing for stronger corporate responses to climate challenges and advocating for practices that safeguard the environment for future generations (see climate timeline).

This work was taken to an additional level in 2025 by the introduction of a new engagement workstream focused on the approach to fossil-fuel financing taken by the counterparties used in our cash funds (see page 54). In addition, we continued as proactive members of Nature Action 100, leading engagement on biodiversity and nature loss with three portfolio companies – AstraZeneca, McDonald’s and Zoetis – on behalf of the coalition.

Better environment engagement themes

Our better environment engagement pillar consists of several underlying themes. For each theme, we define clear, measurable objectives to guide our approach to engagement. Portfolio companies and the financial institutions that we use in our cash funds are evaluated against each of the relevant themes and placed into one of five performance levels, based on a set of evidence-based standards. These are set out below.

Our engagement approach aims to encourage portfolio companies to improve their performance in the engagement grid, with companies evaluated annually to track improvement or deterioration.

Climate – corporate benchmarks

Evidence-based standard: Transition Pathway Initiative (TPI)