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IMPORTANT INFORMATION
All data as at 31 December 2024, 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 (a company registered in England and Wales with company number 2183088), whose registered address is One Angel Lane, London EC4R 3AB, is authorised and regulated by the Financial Conduct Authority.
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Stewardship in action
Throughout 2024 we have continued to drive forward and expand our flagship engagement programmes and also taken steps to explore new areas. Each is covered in more detail in the pages that follow.
KEY
Better environment
Better work
Better health
2024
January
CCLA’s Dr Martin Buttle joins the Advisory Committee of the UN PRI’s Advance Programme
February
CCLA’s Dame Sara Thornton briefs the House of Lords Modern Slavery Act 2015 Committee
Following engagement, Watches of Switzerland becomes Living Wage accredited
We receive confirmation that we retain FRC Stewardship Code signatory status
March
CCLA submits written evidence jointly with Rathbones to the House of Lords Modern Slavery Act 2015 Committee’s call for evidence of the impact and effectiveness of the Act
April
Dame Sara Thornton and Dr Martin Buttle give evidence to the House of Lords Modern Slavery Act 2015 Committee
CCLA and Guy’s & St Thomas’ Foundation join forces to commission a scoping study into a new investor intervention on corporate air pollution
May
A NextEra Energy resolution co-filed by CCLA on climate lobbying achieves 33% of the shareholder vote
Following engagement, Empiric Student Properties puts its ESG targets to vote at its annual general meeting
An Amazon resolution co-filed by CCLA on freedom of association and collective bargaining rights receives 37% of the independent shareholder vote
June
With 50 supporter investors, CCLA sends a public investor letter to Amazon in support of workers at its Coventry fulfilment centre
The CCLA Corporate Mental Health Benchmark: UK 100 is published, with 24 companies improving sufficiently to move up a Performance Tier since 2023
July
Collaborative investor letter sent to UK 100 mental health benchmark companies, supported by investors with $8.5 trillion in assets under management
August
CCLA begins to build a collaborative working group to engage with Coca-Cola Co following allegations of human rights abuse at Indian sugar suppliers
September
CCLA and the Local Authority Pension Fund Forum (LAPFF) join forces to coordinate sending ‘Say on Climate’ letters to 76 FTSE 100 companies, supported by £1.6 trillion in assets under management
CCLA joins the Home Office Forced Labour Forum on a proposed update to the Modern Slavery Act 2015 Section 54 guidance
A Nike* resolution co-filed by CCLA on severance pay and supplier working conditions receives 12% of the shareholder vote
October
The CCLA Corporate Mental Health Benchmark: Global 100+ is published, with 12 companies improving sufficiently to move up a Performance Tier since 2023
CCLA writes to the Minister of State for Food Security and Rural Affairs in support of a review of the Seasonal Worker scheme by the Migration Advisory Committee
November
Collaborative investor letter sent to global mental health benchmark companies, supported by investors with $10 trillion in assets under management
CCLA and Guy’s & St Thomas’ Foundation partner to launch a public consultation into a potential benchmark on corporate air pollution
The CCLA Modern Slavery UK Benchmark 2024 is published, with 35 companies improving sufficiently to move up a Performance Tier since 2023
December
Assets under management supporting CCLA stewardship initiatives reach £22.3 trillion
*Not held in CCLA portfolio(s) as at 31 December 2024.