ESG | Quantum Advisory
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ESG

We have always taken environmental, social and governance issues very seriously. As ever, this is not static, and we continue to monitor and update as and when the need arises. Employees are encouraged to join our range of committees which support our ESG goals, be they environmental and/or social issues. These include organising fundraising activities, supporting local charitable and community initiatives, and generating ideas how as a firm we can operate sustainably and influence our stakeholders. 

In terms of the delivery of advice to clients, we recognise that different clients have different perspectives. However, there are very few that are reticent to engage with at least one of the items. The time we take to understand our clients means that we are in an ideal position to engage and influence. As an independent financial services consultancy, our Asset Liability Modelling (ALM) capabilities are enhanced by a climate change and ESG focused stress testing of scenarios. We are currently working with several clients who, having already taken steps to invest within an ESG framework, are now considering how they may divest from the oil and gas sector


Improvements we have made within Quantum

Environmental

  • Season ticket loans for staff to encourage greater use of public transport
  • Bike to work scheme allowing the discounted purchase of bicycles
  • Recycling points at all offices to reduce general waste and encourage greater recycling
  • A greater use of local suppliers, including milkmen who supply glass bottles instead of plastic
  • Removing single use plastic from all offices, including poly pockets, plastic cups etc.
  • Providing all staff with re-usable bags and drinking bottles 
  • Installing motion sensitive lighting in all offices to reduce energy consumption 
  • Offered ESG fund choices in our staff pension scheme and are in the process of introducing an ESG focused default investment strategy.
  • Only sourcing our “Fruit for the Office” from suppliers who plant trees in Africa in return for each basket purchased by us.

Social

  • Provide anti-bribery and corruption policy and training for all employees
  • Have a diversity and inclusion policy and training for all employees
  • Volunteering leave with paid time off for social days
  • Have a nominated “charity of the year” and hold team fundraising events
  • Have developed our modern-day slavery policy
  • Undertake screening for all suppliers (this also assists us with our GDPR requirements).

Governance

We are an independent limited liability partnership. We have no external owners and no plans to change this.

Our operational structure is deliberately simple to facilitate efficient use of time and the ability to make operational decisions quickly. The Board, made up of the Partners and a non-Executive Chair, meets formally on a quarterly basis, but also have informal meetings as and when required to consider and monitor on-going objectives, general governance and any risks in the business. This is supplemented by weekly Partner conference calls, which are used as a forum to update each other on latest market developments, recent experience (both professional and commercial), as well as providing input/views on pressing management issues.

We also have two independent specialists who sit on our Compliance and Risk Committee and report directly to the Board. This committee provides independent oversight of all of our regulated activities.

We value transparency and have always provided full accounting disclosures in relation to our business functions via Companies House, even before we were required to by law (given our then size). We have never had an account qualified by our auditors.

Further Reading

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World Earth Day

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What can the pensions industry do in the battle against climate change?

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