Liontrust Asset Management PLC

6. **Political engagements** From time to time, engagements may be undertaken with political and/or governmental bodies on matters pertaining to the investments the Group makes on behalf of its clients. In these, Liontrust's political engagements are aligned with its commitments to the PRI. [...] 15. **Oversight of policy** The RC team oversees this policy in connection with Liontrust's investment teams and compliance team. This policy is reviewed and updated, as needed, on an annual basis.

Political Contributions|Generally vote for proposals requesting greater disclosure of a company's political contributions and trade association spending policies and activities, considering: › The company's policies, and management and board oversight related to its direct political contributions and payments to trade associations or other groups that may be used for political purposes; › The company's disclosure regarding its support of, and participation in, trade associations or other groups that may make political contributions; and › Recent significant controversies, fines, or litigation related to the company's political contributions or political activities.|Against proposals barring a company from making political contributions. Businesses are affected by legislation at the federal, state, and local level; barring political contributions can put the company at a competitive disadvantage. Against proposals to publish in newspapers and other media a company's political contributions. Such publications could present significant cost to the company without providing commensurate value to shareholders.

The Group's Board has oversight of all Liontrust's risks and opportunities, including those related to climate change. Rebecca Shelley is the named Non-Executive Director for Responsible Capitalism, including all ESG matters. [...] The Chief Executive is accountable to the Board for overall Group performance, including climate-related risks and opportunities. The Head of Responsible Capitalism reports to the Chief Executive and to the Board. [...] The RC team is responsible for day-to day aspects of ESG and reports into the Responsible Capitalism Committee (RCC). The RCC approves any policies, proposals, reports or activities prepared or carried out by the RC team that impact the wider Group. It also maintains oversight of other aspects of Responsible Capitalism with less far-reaching impacts. [...] Investment risk, including climate-related investment risk, is overseen the PRC. The PRC regularly meets with each of the investment teams to discuss investment processes and provide challenge on the risks within portfolios. Part of the role of the PRC is to ensure that each team is following its investment process. This includes verifying that any specific ESG and climate requirements in investment objectives and policies are adhered to by the respective investment teams. The PRC also oversees controversy reporting, ensuring that where an investee company has been identified by MSCI as being potentially involved in a significant controversial matter, the investment team has adequately considered the consequences and any related risks that emerge as a result.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Liontrust engagement strategy for 2022 focuses encouraging investee companies to adopt net zero commitments – and assessing those already made – in line with the Net Zero Asset Managers initiative, which targets net zero GHG emissions by 2050 or sooner. This complements efforts to limit global warming to 1.5 degrees Celsius and supports the alignment of investing with achieving net zero emissions. This builds on our engagement with the highest emitting companies in 2021 and will extend to other holdings. We also encourage investee companies to consider having their commitments validated by the Science Based Target Initiative.

The Sustainable Investment team engages with its holdings directly on ESG factors and has its own engagement priorities. For a full overview of the Sustainable Investment team's progress on its engagement priorities, see the team's Engagement and Voting Report on our website.

Institutional Investors Group on Climate Change (IIGCC), the European membership body for investor collaboration on climate change. A core consideration for becoming an IIGCC member in April 2022 was to ensure Liontrust set robust net zero reduction targets to support our commitment under the Net Zero Asset Managers Initiative (NZAMI) and to evaluate our engagement on climate issues by acting collectively with other institutions. Liontrust will submit our interim net zero carbon reduction targets and proposal to NZAMI within the next 12 months, as per our commitment and will increase the proportion of assets in our portfolios which are aligned with the goals of the Paris Agreement over time.

Liontrust participated in the Investment Association's response to the FCA's Discussion Paper (DP21/4) on Sustainability Disclosure Requirements and investment labels. Given the importance of
ensuring the appropriate levels of transparency and building consumer confidence and trust in financial products with sustainability credentials, this will be a key piece of legislation
for UK financial services. Leveraging experience of implementing the EU's Sustainable Finance Disclosure Regulation in Q1 2021, Liontrust provided feedback on the scope, proposed classifications
and labelling, Taxonomy reliance and data. Liontrust supports the FCA's work towards supporting the transition to a net-zero economy and more sustainable future and will continue to engage on this topic once the consultation is published.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Liontrust engages with organisations such as the IIGCC and has developed engagement plans as part of its commitment to NZAM and the SBTi .

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes