RESPONSIBILITY

INVESTING IN OUR FUNDS IS IMPACT INVESTING. IN 2016 WE USED 100.000 EURO I.E. 10 % OF OUR COSTS TO CULTURAL PRODUCTION. FOR ONE LARGE FINANCIAL GROUP IT WOULD MEAN 400 MILLION EURO TO CULTURE.
#HCPSPIRIT SINI KUNNAS, MANHATTAN 2015

We are a value-driven asset management company. We strive to make difference to ethically suspect practises in the financial industry.

INTERNAL RESPONSIBILITY

By internal responsibility, we mean that HCP aims to act towards its customers and other stakeholder groups in a way which is consistent with good practice and which takes into account all aspects of corporate responsibility.

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We are the first B Corporation in Finland, subject to the most rigorous standards of social and environmental impact.

B Corporation is one of the most comprehensive certificates that measure the entire social and environmental performance. It can be admitted to for-profit companies that balance purpose and profit. It requires aspiring companies to go through its B Impact Assessment (BIA) which measures a company’s impact on employees, customers, community and environment.

To us, being a B Corporation means continuous improvement of our operations and inspiring others to do the same. Thanks to it we have more tools in redefining the investment sector and business. Through this, we strive to be the Best for the World.

We are a rare asset management company that returns all kickbacks to clients in full.

An investment strategy can be designed to bring in fat kickbacks instead of bringing the client a safe and good return. We don’t optimise our own commissions but focus in finding the best risk-return profile for our clients’ investments. In the year 2007 we made a HCP Initiative to inspire others in the industry to do the same. To our best knowledge we are the only asset management company in Finland writtenly committed to this in our client statement.

SUSTAINABILITY REPORT

HCP Sustainability Report

Our Sustainability Report 2019 was prepared according to the Global Reporting Initiative (GRI) Standards and principles of integrated reporting. You can find all our corporate responsibility reports here.

We are the first asset management company in Finland committed to full fee transparency.

There is an unfortunate grey area in the investment industry. Within this gray area, it is possible to operate in a way that is legal, but which nevertheless counts as apparent abuse of customers’ trust. A typical example of such abuse is when a financial company succeeds in selling an investment product whose characteristics or costs differ significantly from what the customer has assumed when making the investment decision.

We have eliminated hidden costs by being a fee only – no commissions for our financial products. We publish our returns after all costs. We also invest our company’s own equity into our funds to show that our interests are aligned with those of our clients.

We aim at demystifying the financial industry.

Compared to most other fields of business, the financial sector deals with large sums of money, and the products and services are often complex and, therefore, difficult to understand for the layman. This means that it is often difficult for the customers to get a grasp of their investment needs and the characteristics of the available investment products, especially their pricing. We want to expose the hidden information through our own operations, by participating to the common discussion and actively addressing poor practices. We want each investor to be knowledgeable when making decisions that impact their personal or institution’s financial well-being.

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We support meaningful societal projects.

In the year 2019 we used 10% of our annual expenditure, as of nearly €60.000, to cultural collaborations. We tag the work that we do in collaboration with artists and athletes with #HCPSPIRIT. Our employees get to propose colleagues themes they find meaningful and are encouraged to introduce our community with new actors.

Our funds are genuinely active and visionary.

Hidden passive index funds, which are masked as active, charge management fees for products that are not in reality actively managed. These passive index funds that follow the market average are not capable exceeding the benchmark. Active fund management aims to beat market average, which is result of visionary investment expertise, continuous analysis, timely buying and other professional know-how.

EXTERNAL RESPONSIBILITY

By external responsibility, we mean that HCP aims to include corporate responsibility as part of its investment operations. In practice, this means that HCP is publicly committed to considering the ESG (environmental, social and governance) factors of its target instruments and companies.

External responsibility is reflected in the following ways:

  • We incorporate ESG factors into our investment processes.
  • We act as an active owner and include ESG factors in our ownership policies.
  • We strive to enhance appropriate ESG reporting of our investments.
  • We strive to enhance the adoption of responsible investment principles within the investment sector.
  • We strive to promote responsible investment in co-operation with other investors.

HCP is a member of Finland’s Sustainable Investment Forum (Finsif) that promotes sustainable investment. (For more information: http://www.finsif.fi/)

HCP has signed the UN Principles for Responsible Investment (PRI). (For more information: http://www.unpri.org/)