Downing Sustainability Report 2022

16/3/23
15 min
ESG
Report
Girl running through field and wind turbine in the background

With sustainable investment and environmental, social and governance (ESG) considerations becoming more deeply integrated within financial services, questions are increasingly being asked around the real-world benefit and outcomes of such practices and the sincerity of asset managers' intentions. This is our answer to these questions.

In our first annual Downing Sustainability Report, we outline our approach to sustainability. At Downing, we do not claim to be saving the environment or society, or to invest only in the best-governed assets – but we are pragmatic and we recognise the importance of ESG.

Sustainable investment is not different to ‘normal’ investment. We treat ESG like any other investment consideration, making it an integral part of our investment and engagement activity to drive long-term value the environment and societies and as shareholders (through well governed investees).

This year’s version of the sustainability report contains a summary of our activity over the last year. In 2022, we reinforced our data collection efforts and enhanced processes to measure ESG in alternative, private markets assets – where methods are generally less established than listed markets. We also set clear priorities for engagement, established procedures for tracking outcomes and made a dedicated effort to raise awareness of sustainability issues among employees and investee businesses.

In the report, we outline our carbon footprint following the Greenhouse Gas Protocol and the steps we are taking to reduce it. As a certified B Corp, we have made a legally binding commitment to show regard to the environment. And while we cautiously call ourselves ‘carbon neutral’, we are committed to offsetting our emissions until we achieve net-zero emissions and successfully remove carbon dioxide from the atmosphere.

Supporting our commitment to the Taskforce on Climate-related Financial Disclosures (TCFD) as the de facto standard for managing and disclosing climate impacts, we also use the report to fully disclose the risks and opportunities Downing faces from climate change over short, medium and long-term horizons.

Additionally, we have broken down our voting and engagement activities, and show how they align to the UN Sustainable Development Goals – across topics and geographies.

You will find a list of all the initiatives and groups we subscribe to in the report, as well as concrete numbers quantifying our impact and case studies to bring this to life.

Above all, this report is an illustration of Downing’s dedication to transparency and leading by example for the standards of sustainability that investors expect of the companies to which they provide equity or debt. A letter from our CEO illustrates this further.

As we do our utmost to contribute to a sustainable society, we will continue to clearly communicate our efforts, as well as contribute to policy initiatives with regulators and policymakers and push for better understanding of the many intricacies associated with sustainability.

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Girl running through field and wind turbine in the background

With sustainable investment and environmental, social and governance (ESG) considerations becoming more deeply integrated within financial services, questions are increasingly being asked around the real-world benefit and outcomes of such practices and the sincerity of asset managers' intentions. This is our answer to these questions.

In our first annual Downing Sustainability Report, we outline our approach to sustainability. At Downing, we do not claim to be saving the environment or society, or to invest only in the best-governed assets – but we are pragmatic and we recognise the importance of ESG.

Sustainable investment is not different to ‘normal’ investment. We treat ESG like any other investment consideration, making it an integral part of our investment and engagement activity to drive long-term value the environment and societies and as shareholders (through well governed investees).

This year’s version of the sustainability report contains a summary of our activity over the last year. In 2022, we reinforced our data collection efforts and enhanced processes to measure ESG in alternative, private markets assets – where methods are generally less established than listed markets. We also set clear priorities for engagement, established procedures for tracking outcomes and made a dedicated effort to raise awareness of sustainability issues among employees and investee businesses.

In the report, we outline our carbon footprint following the Greenhouse Gas Protocol and the steps we are taking to reduce it. As a certified B Corp, we have made a legally binding commitment to show regard to the environment. And while we cautiously call ourselves ‘carbon neutral’, we are committed to offsetting our emissions until we achieve net-zero emissions and successfully remove carbon dioxide from the atmosphere.

Supporting our commitment to the Taskforce on Climate-related Financial Disclosures (TCFD) as the de facto standard for managing and disclosing climate impacts, we also use the report to fully disclose the risks and opportunities Downing faces from climate change over short, medium and long-term horizons.

Additionally, we have broken down our voting and engagement activities, and show how they align to the UN Sustainable Development Goals – across topics and geographies.

You will find a list of all the initiatives and groups we subscribe to in the report, as well as concrete numbers quantifying our impact and case studies to bring this to life.

Above all, this report is an illustration of Downing’s dedication to transparency and leading by example for the standards of sustainability that investors expect of the companies to which they provide equity or debt. A letter from our CEO illustrates this further.

As we do our utmost to contribute to a sustainable society, we will continue to clearly communicate our efforts, as well as contribute to policy initiatives with regulators and policymakers and push for better understanding of the many intricacies associated with sustainability.

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

Girl running through field and wind turbine in the background

With sustainable investment and environmental, social and governance (ESG) considerations becoming more deeply integrated within financial services, questions are increasingly being asked around the real-world benefit and outcomes of such practices and the sincerity of asset managers' intentions. This is our answer to these questions.

In our first annual Downing Sustainability Report, we outline our approach to sustainability. At Downing, we do not claim to be saving the environment or society, or to invest only in the best-governed assets – but we are pragmatic and we recognise the importance of ESG.

Sustainable investment is not different to ‘normal’ investment. We treat ESG like any other investment consideration, making it an integral part of our investment and engagement activity to drive long-term value the environment and societies and as shareholders (through well governed investees).

This year’s version of the sustainability report contains a summary of our activity over the last year. In 2022, we reinforced our data collection efforts and enhanced processes to measure ESG in alternative, private markets assets – where methods are generally less established than listed markets. We also set clear priorities for engagement, established procedures for tracking outcomes and made a dedicated effort to raise awareness of sustainability issues among employees and investee businesses.

In the report, we outline our carbon footprint following the Greenhouse Gas Protocol and the steps we are taking to reduce it. As a certified B Corp, we have made a legally binding commitment to show regard to the environment. And while we cautiously call ourselves ‘carbon neutral’, we are committed to offsetting our emissions until we achieve net-zero emissions and successfully remove carbon dioxide from the atmosphere.

Supporting our commitment to the Taskforce on Climate-related Financial Disclosures (TCFD) as the de facto standard for managing and disclosing climate impacts, we also use the report to fully disclose the risks and opportunities Downing faces from climate change over short, medium and long-term horizons.

Additionally, we have broken down our voting and engagement activities, and show how they align to the UN Sustainable Development Goals – across topics and geographies.

You will find a list of all the initiatives and groups we subscribe to in the report, as well as concrete numbers quantifying our impact and case studies to bring this to life.

Above all, this report is an illustration of Downing’s dedication to transparency and leading by example for the standards of sustainability that investors expect of the companies to which they provide equity or debt. A letter from our CEO illustrates this further.

As we do our utmost to contribute to a sustainable society, we will continue to clearly communicate our efforts, as well as contribute to policy initiatives with regulators and policymakers and push for better understanding of the many intricacies associated with sustainability.

Downing Sustainability and Responsible Investment Report 2024
Learn more

Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

Girl running through field and wind turbine in the background

With sustainable investment and environmental, social and governance (ESG) considerations becoming more deeply integrated within financial services, questions are increasingly being asked around the real-world benefit and outcomes of such practices and the sincerity of asset managers' intentions. This is our answer to these questions.

In our first annual Downing Sustainability Report, we outline our approach to sustainability. At Downing, we do not claim to be saving the environment or society, or to invest only in the best-governed assets – but we are pragmatic and we recognise the importance of ESG.

Sustainable investment is not different to ‘normal’ investment. We treat ESG like any other investment consideration, making it an integral part of our investment and engagement activity to drive long-term value the environment and societies and as shareholders (through well governed investees).

This year’s version of the sustainability report contains a summary of our activity over the last year. In 2022, we reinforced our data collection efforts and enhanced processes to measure ESG in alternative, private markets assets – where methods are generally less established than listed markets. We also set clear priorities for engagement, established procedures for tracking outcomes and made a dedicated effort to raise awareness of sustainability issues among employees and investee businesses.

In the report, we outline our carbon footprint following the Greenhouse Gas Protocol and the steps we are taking to reduce it. As a certified B Corp, we have made a legally binding commitment to show regard to the environment. And while we cautiously call ourselves ‘carbon neutral’, we are committed to offsetting our emissions until we achieve net-zero emissions and successfully remove carbon dioxide from the atmosphere.

Supporting our commitment to the Taskforce on Climate-related Financial Disclosures (TCFD) as the de facto standard for managing and disclosing climate impacts, we also use the report to fully disclose the risks and opportunities Downing faces from climate change over short, medium and long-term horizons.

Additionally, we have broken down our voting and engagement activities, and show how they align to the UN Sustainable Development Goals – across topics and geographies.

You will find a list of all the initiatives and groups we subscribe to in the report, as well as concrete numbers quantifying our impact and case studies to bring this to life.

Above all, this report is an illustration of Downing’s dedication to transparency and leading by example for the standards of sustainability that investors expect of the companies to which they provide equity or debt. A letter from our CEO illustrates this further.

As we do our utmost to contribute to a sustainable society, we will continue to clearly communicate our efforts, as well as contribute to policy initiatives with regulators and policymakers and push for better understanding of the many intricacies associated with sustainability.

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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