Tim Crockford's guest appearances

Tim Crockford

Impact Leaders - Sustainable & Impact Investment and Performance with Purpose

Good Future

The Point: Professional investing in Australia with Pendal

Seb Beloe

John Elkington

Tim Smit

Rachel Mason

Lindsay Smalling

Katz Kiely

Bronwyn King

Cathy Clark

Kylie Porter

Kat Dunn

Rosemary Addis

Joel Solomon

Damon Gameau

Amit Bouri

Tom Dawkins

OwlTail

Impact investing has a long history in private markets, but when it comes to investing in public companies that are listed on a stock exchange, it’s a lot harder, to measure your impact, and to influence the companies you’re investing in. Today, I’m speaking with Tim Crockford, all about the Regnan Global Equities Impact Solutions Fund.Tim is head of Equity Impact Solutions, he’s based in the UK, and he has a unique approach to analysing companies, and to measuring impact. He and his team go to remarkable lengths to explore not only companies of interest, but examining the market, and indeed the complete supply chain that surrounds the problem they hope the company is working to solve. They use the problem as the baseline, and work to find the organisations that are best positioned to solve it. Tim is really passionate about this stuff, and I hope you get as much out of this conversation as I did. I’d also like to introduce you to the sponsor of this series and that’s, the ACCR, the Australasian Centre for Corporate Responsibility. The ACCR engages with companies as a shareholder, advocating for them to improve their environmental and social practices, and in the process make the company more sustainable. It’s no easy feat, but through a modest holding of shares, and with the help of a high-performing team, they put forward shareholder resolutions that focus on positive social and environmental outcomes.They’re a group of pragmatic lawyers and finance experts, and by utilising shareholder resolutions, they approach some of Australia’s biggest companies in a forum they can’t ignore. Head to www.accr.org.au/shareholders to get involved.Now Tim was kind enough to go into a lot of detail about his approach, and so I do need to emphasise that, as always, nothing in this podcast is financial advice. Please do seek your own professional advice before making investment decisions. All the show notes are at www.johntreadgold.comEnjoy

Impact investing has a long history in private markets, but when it comes to investing in public companies that are listed on a stock exchange, it’s a lot harder, to measure your impact, and to influence the companies you’re investing in. Today, I’m speaking with Tim Crockford, all about the Regnan Global Equities Impact Solutions Fund. Tim is head of Equity Impact Solutions, he’s based in the UK, and he has a unique approach to analysing companies, and to measuring impact. He and his team go to remarkable lengths to explore not only companies of interest, but examining the market, and indeed the complete supply chain that surrounds the problem they hope the company is working to solve. They use the problem as the baseline, and work to find the organisations that are best positioned to solve it. Tim is really passionate about this stuff, and I hope you get as much out of this conversation as I did. I’d also like to introduce you to the sponsor of this series and that’s, the ACCR, the Australasian Centre for Corporate Responsibility. The ACCR engages with companies as a shareholder, advocating for them to improve their environmental and social practices, and in the process make the company more sustainable. It’s no easy feat, but through a modest holding of shares, and with the help of a high-performing team, they put forward shareholder resolutions that focus on positive social and environmental outcomes. They’re a group of pragmatic lawyers and finance experts, and by utilising shareholder resolutions, they approach some of Australia’s biggest companies in a forum they can’t ignore. Head to <a href="http://www.accr.org.au/shareholders" rel="nofollow" target="_blank">www.accr.org.au/shareholders</a> to get involved. Now Tim was kind enough to go into a lot of detail about his approach, and so I do need to emphasise that, as always, nothing in this podcast is financial advice. Please do seek your own professional advice before making investment decisions. All the show notes are at <a href="http://www.johntreadgold.com" rel="nofollow" target="_blank">www.johntreadgold.com</a> Enjoy

Tim Crockford, Regnan: How to have impact in listed markets

Tim Crockford leads the Regnan Equity Impact Solutions team. He previously managed the Hermes Impact Opportunities Equity Fund from its launch in December 2017, having co-founded the Hermes Impact team in 2016. Tim joined Hermes Investment Management in 2009 as a research analyst for the European Equities team and became lead portfolio manager of the ESG-integrated Hermes Europe ex-UK Equity Fund in 2015, which he also managed until he left Hermes.  About Regnan Regnan is a responsible investment leader with a long and proud heritage providing advice and insights on important environmental, social and governance (ESG) issues. Regnan was established in 1996 to investigate and address ESG-related related sources of risk and value for long-term shareholders in Australian companies. Building on that expertise, in 2020 Regnan expanded its capabilities into responsible investment funds management, backed by the considerable resources of Pendal Group (ASX:PDL), the Australian investment manager and owner of J O Hambro Capital Management. They have offices in Sydney, Melbourne and London.  Key Points:   Engagement and stewardship is a hugely important part of impact investing. “It’s all part of the same strategy to really try and democratise it as an investment category, to broaden access to impact investing.” “I think one of the cultures within the investment team is this concept of constant improvement, so the strategy, the process, the philosophy is identical to the one that we founded back in 2012, we started building in 2016, and launched in 2017.”  On systems change - Our SDG taxonomy is the centerpiece. The taxonomy is basically what helps us identify what systems we’re going to be moving towards. It is a process and a list of economic activity in product and services that are being produced by companies that help achieve specific SDG targets. “I hope to see that all Article 9 business takes much more nuanced and thoughtful approach to classifying which companies they will ultimately invest and allocate their capital towards, and which they aren't ... ... I think ultimately, businesses change and businesses can reinvent themselves, which is something that that needs to be reminded. We have some great examples in our portfolio of companies that have transitioned from perhaps in the industries that have been extractive industries and negative industries in the past towards, you know, positive areas like renewables in renewable energies, but ultimately, it's much more complicated and much more qualitative than a simple scoring system can ever help you achieve.”  Education is key. Being able to help investors that are new to sustainable impact investing to understand and decipher this alphabet soup of terminology is key, because it allows them to quickly or more quickly align, their own objectives with the products that are available to them on the market.  Further education and refinement of the terminology is key.   Fund managers that are perhaps newer to the game, should try and be vigilant and careful with how they label their products, not just from a regulatory point of view, but also from a naming convention point of view. Because it makes a big difference in helping the broader understanding of people who are just learning about this space as we speak. The future belongs to everyone Good businesses exist to solve problems. Look beyond the marketing material and imaging to really challenge the investors to tell you what they want to achieve and tell you how they want to achieve it. Leaders are innovative and sometimes have to rewrite the rules.  Time Stamp: [0:00:50] Intro [0:02:30] What is sustainable and impact investing? [0:06:44] It takes time. Its not an absolute good or bad. [0:11:20] Saving the world or financing the people changing the world  [0:12:46] Regnan, JO Hambro Capital Management and Pendal Group [0:19:17] Separation of brands is driven my communication [0:23:06] Being the best not the biggest [0:27:12] Bringing culture together, herding (TOP) cats [0:30:20] Leaving Hermes, joining the  team, building the culture of improvement [0:35:10] Launching of funds and having access to research team [0:37:40] The Checklist Manifesto, looking at negative impacts [0:40:00] Break even goals from the Future Fit Foundation [0:44:40] Impact assessment and SDG taxonomy [0:50:05] Impact measurement and KPIs  [0:55:00] Investment examples: YDUQS, importance of community, AFYA [1:02:30] SDG, SFDR, Forbes article [1:07:05] Article 9 and EU Taxonomy [1:12:40] Output driven process to assess [1:16:16] Importance of educating new sustainable impact investors [1:19:22] Product innovation in financial services [1:21:08] What made Tim go into impact? [1:24:25] What makes an impact leader? Call-to-action   Useful links: Tim Crockford https://www.linkedin.com/in/tim-crockford-8aab9b30/  Regnan https://regnan.com/ Regnan Q1 2021 Impact Report   JO Hambro Capital Management https://www.johcm.com/  Regnan JO Hambro https://www.regnan-johcm.com/  Pendal Group https://www.pendalgroup.com/  The Checklist Manifesto http://atulgawande.com/book/the-checklist-manifesto/  Impact Leaders Episode with Martin Rich of Future Fit Foundation  Future Fit Foundation https://futurefitbusiness.org/  Future Fir Business Benchmark   YDUQS https://www.yduqs.com.br/  AFYA https://afya.com.br/  Mirova https://www.mirova.com/en  ESG vs IMPACT =  Top 5 highest ESG rated FTSE companies according to Hargreaves Landsown SFDR - Article 9 - Forbes article by JP Dallmann   FT article; HSBC avoids revolt by investors pressing for cut in fossil fuel loans  -------- Take action Connect with JP Dallmann on Linkedin, Twitter, Instagram and Clubhouse Contact us to help you transition into Sustainable &amp; Impact Investing - ILA &amp; Partners  Impact Leaders is produced by Podcast Publishing  -------- Important: The content shared on this podcast does not constitute a request, offer, recommendation or solicitation of any kind to buy, subscribe, sell or redeem any investment instruments or to perform other such transactions of any kind.

Tim Crockford leads the Regnan Equity Impact Solutions team. He previously managed the Hermes Impact Opportunities Equity Fund from its launch in December 2017, having co-founded the Hermes Impact team in 2016. Tim joined Hermes Investment Management in 2009 as a research analyst for the European Equities team and became lead portfolio manager of the ESG-integrated Hermes Europe ex-UK Equity Fund in 2015, which he also managed until he left Hermes. About Regnan <a href="https://regnan.com/" rel="nofollow" target="_blank">Regnan</a> is a responsible investment leader with a long and proud heritage providing advice and insights on important environmental, social and governance (ESG) issues. Regnan was established in 1996 to investigate and address ESG-related related sources of risk and value for long-term shareholders in Australian companies. Building on that expertise, in 2020 Regnan expanded its capabilities into responsible investment funds management, backed by the considerable resources of <a href="https://www.pendalgroup.com/" rel="nofollow" target="_blank">Pendal Group</a> (ASX:PDL), the Australian investment manager and owner of J O Hambro Capital Management. They have offices in Sydney, Melbourne and London. Key Points: <ul> <li> Engagement and stewardship is a hugely important part of impact investing.</li> <li>“It’s all part of the same strategy to really try and democratise it as an investment category, to broaden access to impact investing.”</li> <li>“I think one of the cultures within the investment team is this concept of constant improvement, so the strategy, the process, the philosophy is identical to the one that we founded back in 2012, we started building in 2016, and launched in 2017.”</li> <li> On systems change - Our SDG taxonomy is the centerpiece. The taxonomy is basically what helps us identify what systems we’re going to be moving towards. It is a process and a list of economic activity in product and services that are being produced by companies that help achieve specific SDG targets.</li> <li>“I hope to see that all Article 9 business takes much more nuanced and thoughtful approach to classifying which companies they will ultimately invest and allocate their capital towards, and which they aren't ...</li> <li>... I think ultimately, businesses change and businesses can reinvent themselves, which is something that that needs to be reminded. We have some great examples in our portfolio of companies that have transitioned from perhaps in the industries that have been extractive industries and negative industries in the past towards, you know, positive areas like renewables in renewable energies, but ultimately, it's much more complicated and much more qualitative than a simple scoring system can ever help you achieve.”</li> <li> Education is key. Being able to help investors that are new to sustainable impact investing to understand and decipher this alphabet soup of terminology is key, because it allows them to quickly or more quickly align, their own objectives with the products that are available to them on the market. </li> <li>Further education and refinement of the terminology is key.  </li> <li>Fund managers that are perhaps newer to the game, should try and be vigilant and careful with how they label their products, not just from a regulatory point of view, but also from a naming convention point of view. Because it makes a big difference in helping the broader understanding of people who are just learning about this space as we speak.</li> <li>The future belongs to everyone</li> <li>Good businesses exist to solve problems.</li> <li>Look beyond the marketing material and imaging to really challenge the investors to tell you what they want to achieve and tell you how they want to achieve it.</li> <li>Leaders are innovative and sometimes have to rewrite the rules.</li> </ul> Time Stamp: [0:00:50] Intro [0:02:30] What is sustainable and impact investing? [0:06:44] It takes time. Its not an absolute good or bad. [0:11:20] Saving the world or financing the people changing the world  [0:12:46] Regnan, JO Hambro Capital Management and Pendal Group [0:19:17] Separation of brands is driven my communication [0:23:06] Being the best not the biggest [0:27:12] Bringing culture together, herding (TOP) cats [0:30:20] Leaving Hermes, joining the  team, building the culture of improvement [0:35:10] Launching of funds and having access to research team [0:37:40] The Checklist Manifesto, looking at negative impacts [0:40:00] Break even goals from the Future Fit Foundation [0:44:40] Impact assessment and SDG taxonomy [0:50:05] Impact measurement and KPIs  [0:55:00] Investment examples: YDUQS, importance of community, AFYA [1:02:30] SDG, SFDR, Forbes article [1:07:05] Article 9 and EU Taxonomy [1:12:40] Output driven process to assess [1:16:16] Importance of educating new sustainable impact investors [1:19:22] Product innovation in financial services [1:21:08] What made Tim go into impact? [1:24:25] What makes an impact leader? Call-to-action Useful links: Tim Crockford <a href="https://www.linkedin.com/in/tim-crockford-8aab9b30/" rel="nofollow" target="_blank">https://www.linkedin.com/in/tim-crockford-8aab9b30/</a> Regnan <a href="https://regnan.com/" rel="nofollow" target="_blank">https://regnan.com/</a> Regnan Q1 2021 <a href="https://www.regnan-johcm.com/quarterly-impact-report-q1-2021/" rel="nofollow" target="_blank">Impact Report </a> JO Hambro Capital Management <a href="https://www.johcm.com/" rel="nofollow" target="_blank">https://www.johcm.com/</a> Regnan JO Hambro <a href="https://www.regnan-johcm.com/" rel="nofollow" target="_blank">https://www.regnan-johcm.com/</a> Pendal Group <a href="https://www.pendalgroup.com/" rel="nofollow" target="_blank">https://www.pendalgroup.com/</a> The Checklist Manifesto <a href="http://atulgawande.com/book/the-checklist-manifesto/" rel="nofollow" target="_blank">http://atulgawande.com/book/the-checklist-manifesto/</a> Impact Leaders Episode with <a href="https://audioboom.com/posts/7231456-martin-rich-co-founder-of-future-fit-foundation-impact-measurement-we-have-created-the-tools" rel="nofollow" target="_blank">Martin Rich of Future Fit Foundation</a>  Future Fit Foundation <a href="https://futurefitbusiness.org/" rel="nofollow" target="_blank">https://futurefitbusiness.org/</a> Future Fir Business <a href="https://futurefitbusiness.org/explore-the-benchmark/" rel="nofollow" target="_blank">Benchmark</a>   YDUQS <a href="https://www.yduqs.com.br/" rel="nofollow" target="_blank">https://www.yduqs.com.br/</a> AFYA <a href="https://afya.com.br/" rel="nofollow" target="_blank">https://afya.com.br/</a> Mirova <a href="https://www.mirova.com/en" rel="nofollow" target="_blank">https://www.mirova.com/en</a> ESG vs IMPACT =  <a href="https://www.hl.co.uk/news/articles/ftse-100-the-5-highest-esg-rated-companies" rel="nofollow" target="_blank">Top 5 highest ESG rated FTSE companies according to Hargreaves Landsown</a> SFDR - Article 9 - <a href="https://www.forbes.com/sites/jpdallmann/2021/03/10/how-sustainable-and-esg-focused-is-your-fund/" rel="nofollow" target="_blank">Forbes article by JP Dallmann</a> FT article; HSBC avoids revolt by investors pressing for <a href="https://amp.ft.com/content/3f976312-532d-4a4b-b189-8ab98c469827" rel="nofollow" target="_blank">cut in fossil fuel loans</a> -------- Take action Connect with JP Dallmann on <a href="https://www.linkedin.com/in/jp-dallmann/" rel="nofollow" target="_blank">Linkedin</a>, <a href="https://twitter.com/JPDallmann" rel="nofollow" target="_blank">Twitter</a>, <a href="https://www.instagram.com/inspiredbyjp/" rel="nofollow" target="_blank">Instagram</a> and <a href="http://bit.ly/JPDCH" rel="nofollow" target="_blank">Clubhouse</a> Contact us to help you transition into Sustainable &amp; Impact Investing - <a href="https://www.linkedin.com/company/impact-leaders-advisors" rel="nofollow" target="_blank">ILA &amp; Partners</a> Impact Leaders is produced by <a href="http://podcastpublishing.help/" rel="nofollow" target="_blank">Podcast Publishing</a> -------- Important: The content shared on this podcast does not constitute a request, offer, recommendation or solicitation of any kind to buy, subscribe, sell or redeem any investment instruments or to perform other such transactions of any kind.

47: Tim Crockford of Regnan Equity Impact Solutions: The Future Belongs To Everyone