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Hosking PartnersESG report1 Oct 2022Source: hoskingpartners.comAuthor: Luke Bridgeman

Q3 2022 – ESG and Active Ownership Report

Hosking Partners is a London boutique founded in 2013 by Jeremy Hosking, a portfolio manager at Marathon Asset Management for over 25 years. It runs a single global equity strategy built on the capital-cycle, supply-side approach — contrarian, long-term, and unusually diversified (350+ holdings) under a multi-counsellor model, managing around $5.5bn.

Jeremy Hosking · 2013 · 伦敦Capital cycle / contrarian

In plain words

This report explains how Hosking Partners genuinely weaves environmental, social, and governance (ESG) factors into stock picking, not just for show. They believe the energy transition is reshaping economies globally, so they focus on that. Key holdings: J-Power (a Japanese utility shifting from coal to renewables) and NextEra Energy (a US clean-energy leader). They also stress that meeting company managers in person is crucial for judging quality.

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Hosking Partners adopts an approach that deeply integrates ESG factors into the investment process. ESG Director Roman Cassini collaborates with the investment team to ensure that the impact of global and local sustainability issues on individual stock decisions is taken into account, which the firm

Deep Analysis

Deep Integration of ESG into Investment Process, Not Marketing-Driven

Hosking Partners adopts an approach that deeply integrates ESG factors into the investment process, with ESG Director Roman Cassini collaborating with the investment team to ensure that global and local sustainability issues are considered in their impact on individual stock decisions, which the firm believes is superior to a segregated ESG approach. Core views of the report: The energy transition is shaping macroeconomic landscapes across different regions (authored by Roman Cassini), while Chris Beaven emphasizes the role of face-to-face communication in assessing the quality of management at investee companies. Key conclusion: The company officially became a signatory to the updated UK Stewardship Code in early September and has partnered with the charity GAIN, with the first intern expected to join next summer.