The sole purpose of the Scott Trust and its endowment is to secure the financial and editorial independence of the Guardian in perpetuity. We believe that climate risks and opportunities are material to this purpose across multiple time horizons. Our own unique media platform has done much to determine these risks and our beliefs are fundamental to our view on climate risk.
Our investment policy, divesting from fossil fuels over the medium term while re-investing in solutions to a low carbon economy aims to mitigate these risks and benefit from opportunities. We track climate related risk across our investment portfolio, for example carbon emissions, environmental ratings, and exposure to fossil fuel reserves. This gives clear risk exposures which we expect to fall over time. We actively seek managers giving us exposure to opportunities - one long-time horizon example is a private fund investing in renewable infrastructure
Identifying managers not actively thinking about climate risks and opportunities is a key process. We then seek to replace them with leading managers integrating these and other ESG considerations. We have been doing this materially since we developed a clear climate risk policy in 2015.