Responsible Investment at Troy


Since its foundation at the turn of the millennium Troy has sought to deliver attractive risk adjusted returns by prioritising the avoidance of permanent capital loss, investing for the long term and emphasising quality within our process.   This philosophy and the well-defined investment process which it underpins are the driving force behind our approach to responsible investment and the active stewardship of our investors’ capital.

We attach great importance to the sustainability of a company’s returns over the long-term and our integrated approach to the fundamental analysis of Environmental, Social and Governance (ESG) factors is a key component of assessing that durability. Strong governance structures improve the alignment of management with investors and create a framework in which capital can be judiciously deployed to create shareholder value long into the future.  In the same way, a company that takes its social and environmental responsibilities seriously and has a strong sense of corporate purpose will maintain its licence to operate and will see its brand strengthen as all its stakeholders benefit from its growth.

As the materiality of environmental and social risks and opportunities has increased, and the availability of data has improved, both our ability to integrate such factors into our research and the imperative to do so has increased commensurately. This has proved a natural evolution which integrates at all levels with our emphasis on understanding both the long-term risks and opportunities presented by any potential investment.

Troy’s active stewardship activities include seeking to vote on all resolutions where we have voting authority and engaging with investee companies, where appropriate, as a part of our ongoing monitoring and voting processes. We believe our long holding periods and the calibre of our research are recognised by investee companies, with both contributing to a high level of access to company management teams.


Collaborative Engagement Platforms

Since 2019, Troy has become a member of a number of collaborative engagement platforms to better facilitate collective engagement between institutional investors, UK-listed companies and policy makers. These include the Investor Forum, The Institutional Investor Group on Climate Change, Climate Action 100+ and Carbon Disclosure Project (CDP).



As part of the Firm’s commitment to responsible investing, Troy became a signatory to the United Nations’ Principles for Responsible Investment in September 2016 and as such aims to make a positive contribution to the establishment of a sustainable economic and financial system. In the latest 2020 Assessment Report Troy received ‘A’s or ‘A+’ grades in all areas on which we were graded.




UK Stewardship Code 2020

Troy is a signatory to the UK Stewardship Code. The UK Stewardship Code 2020 is a set of 12 Principles for asset owners and asset managers. It sets high expectations for how asset managers invest and manage money on behalf of UK savers and pensioners, and how this leads to sustainable benefits for the owners of assets as well as the economy, the environment and society.
Troy's UK Stewardship Code Report 2020 is available in the adjacent Responsible Investment literature section.



Task Force for Climate - Related Financial Disclosures

In recognition of the importance of the systemic risk posed by climate change and its influence on future returns, Troy has committed to implementing the recommendations of the Task Force for Climate-Related Financial Disclosures (TCFD). Troy is expected to submit its first TCFD report in late 2021.



Troy’s Impact on Society and the Environment

Troy is acutely aware of its responsibilities to all its stakeholders and supports a wide variety of social and environmental initiatives both in the UK and overseas. In November 2020, Carbon Footprint recognised Troy as a carbon neutral company. We have offset our carbon emissions by supporting a number of projects including Rehabilitating Boreholes in Uganda and Reforestation in Kenya's Great Rift Valley

Troy Asset Management became a new signatory to the Net Zero Asset Managers Initiative in July 2021 and the drive towards achieving net zero greenhouse gas emissions by 2050. The initiative is backed by a total of 128 signatories with over $43 trillion in assets globally.