“To achieve our ambitious aim, we are focusing on our roots – the original purpose of financial services. Our role in society is to look after people’s money as we would if it were our own, providing them with the best possible service and access to products that meet their needs in the short-term while protecting their interests in the long-term.”
Of our investment capabilities applying to our Responsible Investment (RI) standard
Of our employees recommend Old Mutual as a place to work
Of our employees volunteer during working hours
Group carbon intensity (CO2e/£m FUM)
of proxy votes cast in listed equity investments
Creating new homes for Harare
The Housing Fund, started in 2011, aims to create 15,000 low-cost housing units in five years. Its first initiative is the Budiriro Housing Project, launched by a three-way agreement between the City of Harare, Old Mutual and its wholly-owned banking subsidiary, CABS. This $62 million project, which will add 3,102 new homes to Harare’s housing stock, shows how the private sector can partner with local and central government to address some of society’s most basic needs. We focused on housing for people on low incomes as they are the worst affected by Zimbabwe’s huge housebuilding backlog. The first batch of houses were handed over in September 2014.
Your Future – Your Horizon
Our long-standing partnership with Young Enterprise has been enhanced following the launch of a new joint initiative this year. Your Horizon is aimed at young people in the UK who have left, or are leaving, education to prepare them with the skills and opportunities to launch successful careers. The programme offers access to hints and tips, workshops and mentoring for those looking to develop their employability and entrepreneurial skills, and provides support as they set up their own businesses. It offers opportunities for employees to get involved in both mentoring and the preparation of content for use by those taking part in the programme. Initially operating in Southampton and London, where Old Mutual Wealth employees are based, the scheme aims to extend nationally in the future.
Managing our environmental impact
Across Old Mutual, we monitor, manage and aim to reduce our environmental impact. Our two targets on CO2 emissions remain enforced, and we are looking at further targets for reducing our direct impact. We report on our progress each year through the Carbon Disclosure Project, and this year came fourth in the Carbon Disclosure Leadership Index for the finance sector, with a score of 98 out of 100. Our Group carbon intensity for 2014 was 1.7 tonnes CO2e/£m FUM. Due to the nature of our business, we are aware that our direct impact is a very small percentage of our total carbon footprint, with over 99% of our emissions coming through our investment portfolio – our indirect impact. Going forward, this will be our focus as we aim to ensure we are addressing the areas where we can make a material impact.