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Sustainability Policies

Corporate sustainability policy

This document sets out the Sustainability Policy for Cardano as it relates to our business whether delivered through our Cardano, Cardano Advisory or NOW: Pensions businesses.

Sustainability policy

This document relates to our investment and advisory and sets out how we integrated ESG issues and real-world sustainability impact into our investment decision-making, stewardship and policy engagement.

Impact Investing policy

Our Impact Investing Policy describes how we define impacting investing and sets out what contribution investment managers can make to this important area. Read our policy here.

Engagement policy

This document sets out how Cardano Risk Management Limited promotes and monitors the shareholder engagement activity of managers that are included in the portfolios that Cardano advises on and manages on behalf of clients. This has been produced in line with the requirement of chapter 2.2B of the Conduct of Business Sourcebook of the Financial Conduct Authority Handbook (Shareholder Rights Directive Requirements).

Biodiversity Strategy

This document sets out our biodiversity-related targets and actions, and the steps we will take in the coming years to address biodiversity risks.

Sustainability Policies and Disclosures

Sustainable Investment Policy

Cardano incorporates environmental, social and governance (ESG) risks and opportunities into all our investment analysis, decisions and advice. Empirical and academic evidence demonstrates that incorporating ESG risks leads to superior risk adjusted returns. ESG risks and opportunities impact investment strategies in different ways. Cardano incorporates the assessment of ESG risks and opportunities into all our investment activities, with a focus on the strategies for which ESG risks and opportunities have the highest potential impact. For more information on how Cardano assesses, monitors and manages ESG risks and opportunities please see the Cardano sustainability policies above.

Cardano supports the aims of UK and EU policymakers in financing sustainable growth. The Cardano sustainability policies reflect that sustainability is a dynamic concept; with fast-evolving policy change, technology change, and corporate and investment practice. We set out our approach to sustainability through our policies, which will be periodically updated to ensure Cardano is at the forefront of sustainability innovation. In addition, Cardano is developing its approach to positive real-world sustainability impact. This is an emerging area of work in the financial industry, and we encourage feedback from our clients, managers, counterparties and NGOs and we will support industry initiatives to develop meaningful principal adverse impact disclosures.

An explanation of the Cardano Approach to Responsible Investment for each asset class, based on the assessed impact of ESG risks and opportunities on returns can be accessed here.

Cardano Global Sustainable Equity Fund – SFDR Article 8 Disclosures

This page contains disclosures in respect of Cardano Global Sustainable Equity Fund made pursuant to Article 8 of the Sustainable Finance Disclosure Regulation (SFDR), based on Articles 23 to 36 SFDR Delegated Regulation (EU) 2022/1288


Stewardship is the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society. Once capital has been allocated by asset managers, oversight is achieved through engagement with investee companies which improves corporate governance and drives ongoing stewardship. Cardano Risk Management Limited is a signatory to the Financial Reporting Council Stewardship Code which sets out principles for effective Stewardship. The below report sets out how Cardano Risk Management Limited applies the Code.

The Stewardship Code Report can be found here.