At Lakehouse Capital we undertake ESG initiatives not only from an investment perspective but from a company perspective. As a funds management organisation we believe that a high standard of business conduct as well as a responsible approach to social, environmental and ethical issues makes good business sense both for our investors, our employees and the wider community.

ESG – part of the core investment process

Considerations regarding environmental, social, corporate governance, and other ethical matters (ESG considerations) form part of our core investment process. While the investment process for the Lakehouse Small Companies Fund and Lakehouse Global Growth Fund do not involve the use of positive or negative screens on these matters, our proprietary research process does take into consideration risks regarding matters relating to ESG considerations while evaluating the overall risk profile of a potential investment. Further, we routinely seek to engage with companies on a broad range of issues including ethical considerations as appropriate. This includes the exercise of voting rights as an important aspect of our investment management process and ability to positively influence corporate governance. Refer to the proxy voting policy for further information.

Proxy Voting Policy

Proxy Voting Record

Year Fund Votes Cast Voted For % Voted Against %
LGGF 253 208 82.2 45 17.8
2021 LSCF 118 116 98.3 2 1.7
Total 371 324 87.3 47 12.7
LGGF 218 185 84.9 33 15.1
2020 LSCF 135 130 96.3 5 3.7
Total 353 315 89.2 38 10.8
LGGF 243 202 83.1 41 16.9
2019 LSCF 113 111 98.2 2 1.8
Total 356 313 87.9 43 12.1

Signatory to the United Nations’ Principles for Responsible Investment (UNPRI)

Lakehouse is a signatory to the UNPRI. Lakehouse recognises the PRI as a leading global framework to assist investors in considering ESG issues. The principles are voluntary and aspirational and oblige signatories to: 1. Incorporate ESG issues into investment analysis and decision-making processes; 2. Be active owners and incorporate ESG issues into ownership policies and practices; 3. Seek appropriate disclosure on ESG issues by the entities in which they invest; 4. Promote acceptance and implementation of the principles within the investment industry; 5. Work collaboratively to enhance the effectiveness in implementing the principles; and 6. Report on activities and progress towards implementing the principles.

ESG – shaping the Lakehouse culture

In addition to considering ESG factors in our investment process, we also want to ensure that Lakehouse leads by example. Lakehouse employs a number of ESG initiatives across the business and continually reviews and seeks further improvements.

Environmental – we seek to minimise our environmental impact including offsetting our carbon footprint in partnership with

Social – a wide range of initiatives to ensure the mental and physical health of our employees and support the community around us.

Governance – policies to ensure we operate a sustainable and transparent business and ensure the best outcomes for our clients, employees, stakeholders and the wider community.

For further details on our ESG investment policy and our corporate ESG initiatives please read our full ESG Policy guide

ESG Policy