Strategic Report
Governance Report
Financial Statements
Company Financial Statements
Climate metrics for the Group’s discretionary portfolio 1
% of eligible
% of total
% of eligible
% of total
% eligible
% of portfolio eligible
% of portfolio eligible
% of portfolio eligible
% total portfolio covered
portfolio covered
portfolio covered
portfolio covered
portfolio covered
portfolio covered
Metric
2025
2024
2023
Financed emissions Scopes 1 and 2 (tons CO 2 e) 552,556.38 65.12% 87.54% 57.00%
606,164.81
69.79% 98.88% 69.01% 678,979.90
71.08% 80.55% 57.25%
Financed emissions per $m invested Scopes 1 and 2 (tons CO 2 e/USDm invested)
39.86 65.12% 87.54% 57.00%
44.21
69.79% 98.88% 69.01% 52.53
71.08% 80.55% 57.25%
WACI Scopes 1 and 2 (tons CO 2 e/USDm revenue)
88.16 65.12% 91.58% 59.64%
241.44
70.35% 99.67% 70.12% 112.12
71.63% 80.55% 57.70%
2.3
65.12% 85.52% 55.69%
ITR – all Scopes (°C)
–
–
–
–
–
–
–
–
GhG Emissions Management Score Category – all Scopes
Strong
65.12% 85.52% 55.69%
–
–
–
–
–
–
–
–
1 Based on holdings data as at 30 June 2025. Data taken from Morningstar Sustainalytics in July 2025. All holdings’ data used in this analysis has been compiled as at 30 June 2025. The data includes the following items, covering Group-wide FUM and excluding execution-only accounts. (a) Onshore BPS (excluding execution-only/advisory-only accounts, including RIS/Decumulation/Court of Protection, where applicable); (b) Onshore MPS Custody accounts (including RIS); (c) AIM Service; (d) Multi-Asset Funds (including Multi-Asset Funds (“MAF”), Levitas, Brunsdon, CAM); (e) MPS Platform Holdings (including BMIS, RIS and the core strategies); and (f) LIFT FUM. All holdings held on external platforms (i.e. within MPS Platform and LIFT) have been estimated via apportioning the FUM in each model as at 30 June 2025 as per the drifted weight of each asset in each model. Refer to Appendix B for more detail on the estimation process.
Governance structure for climate-related matters We recognise the importance of governance in establishing transparency, accountability and good conduct. Effective governance enables us to better manage risks and make business decisions accordingly, leading to improved investor confidence. The section below outlines how our governance structure helps us address climate-related risks and opportunities. The Board bears ultimate responsibility for the oversight and management of the business and is assisted in this by its committees. During the year, the Board and its Committees have received updates on climate-related matters, including on the ESGAC sustainability pillars, priorities and progress, as well an update on the RIS and the FCA’s SDR.
It is important to interpret these metrics with caution, as there has been no explicit objective to improve them during the reporting period. Given the evolving nature of Group disclosures, data coverage and methodologies, year-on-year variation in carbon metrics is expected.
This year’s full TCFD report was also reviewed and approved by the Audit Committee and the Board. The Board has delegated overall responsibility for the delivery of the Group’s strategy to the Group CEO and the ExCo, who have ultimate responsibility for the integration of climate risks and opportunities across the business, and for bringing climate-related matters to the Board. The ExCo delegates responsibility to a range of management committees that operate across the Group and are accountable for managing the areas of the business that may affect, or be affected by, climate change.
The Chief Risk Officer (“CRO”) is responsible for ensuring that climate-related risks and opportunities are identified, monitored and managed through our risk management framework and in line with our risk appetite. The co-Chief Investment Officers (“co-CIOs”) are responsible for the day-to-day oversight of the effective integration of climate risk into the investment research and decision making process.
Brooks Macdonald Group plc Annual Report and Accounts 2025
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