Dependent: Stewardship and engagement with portfolio companies and managers via EOS at Federated Hermes WTW delegates engagement and voting on public equity and credit holdings to EOS at Federated Hermes, which conducted 450+ engagements through GEFF portfolios in 2021 and represents $1.6tn of assets under advice. WTW's own manager research team conducted 150 engagements with 100+ managers on sustainability, climate and stewardship during 2021. EOS leads or co-leads engagement on 25+ CA100+ focus companies targeting the world's 167 largest GHG emitters, helping design the CA100+ net-zero benchmark (released March 2021) which sets clear engagement priorities to drive corporate alignment with Paris Agreement goals.
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Company moved from net liabilities to net assets in FY2022 WTW Ltd reported net assets of £175,239 at 31 March 2022, compared to net liabilities of £(8,937) at 31 March 2021, driven by retained profits. Profit and loss reserves moved from £(9,037) to £175,139.
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New fixed asset investment of £77,891 added in FY2022 WTW Ltd made a new fixed asset investment addition of £80,000 during FY2022 (nil in prior year), with an impairment loss of £2,109, resulting in a carrying amount of £77,891 at 31 March 2022.
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2019 adopted as portfolio decarbonisation baseline year Consistent with NZAMI and NZAOA guidance, WTW adopted 2019 as the baseline year for measuring GHG decarbonisation progress across delegated portfolios. Carbon Journey Plan triggers set at +/-30% of planned trajectory, becoming active from end-2022 (3 years post-baseline).
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Primary: Doubling allocation to climate solutions by 2030 via EU Taxonomy- and IIGCC-aligned frameworks WTW has committed to doubling its investments in climate solutions across delegated portfolios by 2030. Exposure to climate solutions is assessed using EU Taxonomy and IIGCC methodologies and tracked as a core metric in the climate dashboard. Portfolio alignment is measured across multiple lenses including Science Based Targets Initiative (SBTi), Transition Pathway Initiative, and Climate Action 100+, combined with the IIGCC Net Zero Investment Framework to ensure capital is being mobilised toward the transition as well as decarbonised away from high-emission assets.
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New fixed asset investments of £80,000 made in FY2022 WTW Ltd made new fixed asset investments of £80,000 during the year (other investments other than loans), with a small impairment of £2,109, leaving a carrying amount of £77,891 at 31 March 2022.
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Reduction in bank debt over the year Total bank debt (current + non-current) fell from approximately £532k to £477k over the year to 31 March 2022, indicating ongoing debt repayment.
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Primary: Climate Transition Value at Risk (CTVaR) methodology for transition-risk-aware portfolio construction WTW uses its proprietary Climate Transition Value at Risk (CTVaR) methodology — developed by a 20+ member Climate Transition Analytics team within the 90-strong Climate Resilience Hub — to quantify climate transition risk in portfolio construction. CTVaR integrates forward-looking company assessments with traditional risk-return models to assess all pertinent climate transition impacts on asset prices, going beyond simple carbon emissions proxies. The methodology underpins the Climate Transition Index (CTI) co-developed with STOXX, which had $1B committed in funds since its 2021 launch.
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Primary: Carbon Journey Plan: 50% portfolio GHG reduction by 2030, net zero by 2050 WTW's Carbon Journey Plan framework targets at least 50% reduction in GHG footprint by 2030 and net zero by 2050 across all discretionary delegated portfolios, using 2019 as baseline year aligned to NZAMI/NZAOA. Progress is tracked via a balanced scorecard covering financed emissions (emissions/$ invested), % of portfolio Paris aligned, amount and % in climate solutions, physical risk exposure, transition risk exposure, and engagement quality. Carbon journey triggers are set at +/-30% of the planned trajectory from end-2022 to prompt reviews when the portfolio strays materially from path. Asset class level modelling of climate targets is underway.
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