ESG
We aim to earn superior long-term returns through investment decisions that are founded on diligent fundamental research and a disciplined investment process. A key part of this is incorporating environmental, social and governance (ESG) considerations into all stages of our investment process. Here we discuss how this is done.
Articles in "ESG"
Unveiling the layers of executive remuneration in mining companies
As active managers who seek to understand businesses, we take a keen interest in how companies are governed and the impact they have on society.
Advocating for shareholder rights since 1973
Operating for five decades is a significant milestone for any business and it has provided us with a meaningful opportunity to reflect on the history of our...
Glencore: The investment case for an ESG improver
In 2018, the US Department of Justice (DOJ) announced an investigation into Glencore for a violation of the US Foreign Corrupt Practices Act (FCPA), primaril...
Understanding the impact of the Companies Amendment Bill on shareholder rights
Since our inception in 1973, we have been privileged to witness the evolution of shareholder rights associated with JSE-listed companies. These rights have...
Navigating valuations and values since 1973
ESG analysts Raine Adams and Nicole Hamman describe what responsible investing means to us, and demonstrate how we use a strategy of environmental, social an...
Can long-term investors afford to invest without considering ESG?
In conversation with Nshalati Hlungwane, a manager in the Institutional Clients team, ESG analyst Raine Adams and governance analyst Nicole Hamman separate t...
ESG commitments 2022-2025: Tracking our progress
While we often speak about the value of engaging with the companies we invest in on behalf of our clients in private, we also recognise the need for public...
Taking stock of our stewardship efforts
At Allan Gray, we aim to be a great asset manager that integrates ESG well in our approach and decision-making, rather than an ESG-focused company that manag...
Governance update: It pays off to focus on executive remuneration
The landscape of executive remuneration continues to evolve and, as a result, we have refined our remuneration framework by developing a qualitative scorecar...
Our approach to responsible investing
We are navigating an increasingly complex world in the wake of the pandemic and in the shadow of the Russia-Ukraine war. This brings to the forefront the...
ESG: The fundamentals vs the fads
The rise of environmental, social and governance (ESG) considerations in asset management has resulted in a proliferation of new product offerings,...
What price are we paying for the Russia-Ukraine conflict?
As investors brace themselves for the impact of higher prices on their portfolios, Horacia Naidoo-McCarthy discusses how the prevailing environment may impac...
Why do the Sustainable Development Goals matter in investing?
In September 2015, the 193 member states of the United Nations unanimously adopted the 17 Sustainable Development Goals and the UN’s 169 targets to achieve...
Carbon pricing: What is it and why does it matter?
The Paris Agreement sets out a global framework to avoid dangerous climate change by limiting global warming to well below 2°C and pursuing efforts to limit ...
Net zero: What is it and where are we on the path?
In light of clear warnings from climate scientists around the potentially catastrophic impact of climate change, a growing number of governments and companie...
Our latest Stewardship and Business Sustainability Reports
Companies have positive and negative environmental, social and governance (ESG) impacts and forming a holistic view based on these is far more complicated, a...
Executive remuneration in times of uncertainty
We believe that a company’s remuneration policy should aim to attract, reward and retain competent executives, while incentivising alignment between these...
Stewardship and Business Sustainability Reports
This is the fifth year that we have published our Stewardship Report, which outlines how we integrate environmental, social and governance (ESG) issues into...
Executive remuneration: Skin in the game
At Allan Gray, we think carefully about the executive remuneration policies of companies in which we invest our clients’ capital. Why is this a worthwhile...
Steinhoff class action
Allan Gray, along with other South African institutions, is participating in a class action case being run in the Netherlands by Dutch law firm BarentsKrans ...
How to be a responsible investor
Responsible investing has become a front-page issue in the last year as companies, investors and asset managers have had to respond to a number of ethical an...
Allan Gray welcomes new Group Five board
Allan Gray welcomes the results of today’s Group Five shareholders’ meeting, where eight individuals were elected to serve on Group Five’s board as...
Allan Gray condemns Net1 CEO severance payment
Allan Gray notes with outrage the financial settlement claimed by Serge Belamant upon his retirement as CEO of Net1. We are very surprised that Mr Belamant...
Net1: Do the right thing
We are very concerned about the situation surrounding Net1 – both the immediate need to ensure that 17 million beneficiaries receive their payments on time a...
Clarifying our position on Net1
There has been a lot of press coverage on Net1, the parent company of the current social grants payment provider Cash Paymaster Services (CPS), much of which...
Ownership responsibilities: Focus on remuneration policy
As we discuss in detail in our Policy on ownership responsibilities, we believe that a company’s remuneration policy should aim to attract and retain compete...
Actively adding value
The trend towards passive management – where investment managers track market indices rather than pick individual stocks – has caused some to question the...
Purpose before profit
While a corporate philosophy of first trying to make a positive difference to others may seem inconsistent with running a profitable and successful firm,...
Responsible Investing 2012
The Code for Responsible Investing in South Africa ('CRISA') was introduced in 2011 as an industry-wide initiative. Allan Gray supports CRISA's principles an...
Tobacco economics
Most industries have a single factor that helps investors to understand them better. Unfortunately for investors looking for easy wins, it does not necessari...
