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ESG for Clients

City of London Investment Management Company Limited (CLIM) is a significant long-term investor in closed-end funds (CEFs) and seeks to promote growth in the industry by encouraging CEFs to make their product more attractive to investors. CLIM firmly believes that businesses which adopt best practice in their ESG policies will ultimately earn better returns and we are actively promoting ESG awareness to closed-end fund boards and their investment managers. As part of the initiative we now use a leading third party scoring methodology, provided by Sustainalytics, to measure the ESG characteristics of the underlying closed-end fund investments. A key consideration is to encourage CEFs to be more explicit about how ESG considerations are integrated into their investment processes.

Corporate Governance

CLIM is a long-term investor in closed-end funds (“CEFs”) and seeks to promote growth in the industry by encouraging CEFs to make their products more attractive for investors. Good Corporate Governance is a vital element in this process.

Our Statement on Corporate Governance and Voting Policy for Closed-End Funds, which was first published in 1999, identifies the current ‘best practices’ in the Corporate Governance of CEFs. It is addressed to Boards, Managers, Shareholders, and the professional investment community.

Principles for Responsible Investment

CLIM is a signatory of the PRI – Principles for Responsible Investment. PRI is an independent initiative, supported by the UN, that encourages investors to use responsible investment to enhance returns and better manage risks.

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City of London Investment Management Company Limited is authorised and regulated for the conduct of investment business within the UK by the Financial Conduct Authority (FCA), registered as an Investment Advisor with the United States Securities and Exchange Commission (SEC) and regulated by the Dubai Financial Services Authority (DFSA).
Registered in England and Wales No. 2851236.   Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England.

© 2019 City of London Investment Group PLC.
All rights reserved.

City of London Investment Management Company Limited is authorised and regulated for the conduct of investment business within the UK by the Financial Conduct Authority (FCA), registered as an Investment Advisor with the United States Securities and Exchange Commission (SEC) and regulated by the Dubai Financial Services Authority (DFSA).
Registered in England and Wales No. 2851236.   Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England.

© 2019 City of London Investment Group PLC. All rights reserved.