Murray Income Trust.
MUT.LSE | Trusts, funds and similar financial entities
Murray Income Trust is a UK-based investment trust that focuses on generating income and capital growth from a portfolio primarily invested in UK equities. The trust aims to provide investors with an above-average income stream and long-term capital appreciation. It invests in a diversified range of...Show More
Better Health for All
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Murray Income Trust is an investment trust, and its direct operations do not involve health products or services, making most health-related KPIs not applicable. The trust allocates 11.39% of its portfolio to the healthcare sector.
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This capital allocation supports companies engaged in health innovation, such as AstraZeneca, which operates a global R&D facility for drug discovery and development, and Genus, an animal genetics company developing gene-edited animals for disease resistance.
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The portfolio also includes Haleon, which focuses on vitamins like Centrum Silver for cognitive ability and bone strength.
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The company explicitly states it does not buy tobacco companies.
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As an investment trust, its products do not have direct safety implications, addiction potential, or require health data management.
Fair Money & Economic Opportunity
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Murray Income Trust operates as an investment trust, focusing on generating income and capital growth from a portfolio primarily invested in UK equities. Its core operations do not involve offering lending or deposit services, consumer credit products, or direct financial services to underserved demographics. Therefore, most KPIs related to fair money and economic opportunity for consumers are not applicable. The trust announced a reduction in its investment management fee to a two-tier structure of 0.35% on net assets up to £1.1 billion and 0.25% above that, saving shareholders £250,000 annually.
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Fair Pay & Worker Respect
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Murray Income Trust is an investment trust that integrates ESG considerations into its investment process, engaging with investee companies on issues such as fair remuneration and diversity
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. The trust's remuneration policy for its own directors emphasizes fairness, with directors not receiving bonuses, pension benefits, or performance-related pay
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. However, the provided articles do not contain specific, quantifiable data points regarding Murray Income Trust's own direct workforce, such as living wage coverage, CEO-median pay ratio, collective bargaining share, safety incident rates, pay equity, worker engagement scores, turnover rates, labor violation incidents, insecure contract share, or health insurance coverage.
Fair Trade & Ethical Sourcing
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Murray Income Trust is an investment trust and does not directly procure materials or services, meaning it does not have a direct supply chain for physical commodities.
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Consequently, all KPIs related to direct sourcing, audits, incidents, traceability, remediation, ethical clauses in supplier contracts, high-risk materials, and supplier diversity are not applicable to its direct operations. The Trust influences ethical sourcing by integrating ESG considerations into its investment strategy, selecting companies with transparent supply chains and certified fair trade practices, and actively engaging with its investee companies.
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Its portfolio is independently rated AA for ESG by MSCI.
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Honest & Fair Business
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The company's annual financial statements are audited by PricewaterhouseCoopers LLP.
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As an externally managed investment company with no internal operations or employees, it relies on its Manager's risk management and internal control systems. The Audit Committee conducts an annual assessment of key service providers and reviews ISAE3402 Reports, receiving equivalent assurance from its Registrar. Global assurance reports are obtained from the Manager, Depositary, and Registrar, indicating comprehensive coverage of its relevant operations. The Board takes a zero-tolerance approach to bribery and has adopted appropriate procedures to prevent it.
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The company's policy is to conduct all business in an honest and ethical manner, and it takes a zero-tolerance approach to the facilitation of tax evasion, with a full policy available on its website.
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Its Manager, abrdn, also has detailed anti-bribery and corruption policies.
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The company obtains global assurance reports from its Manager, Depositary, and Registrar.
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The Audit Committee reviews ISAE3402 Reports for internal controls of service organizations, and the Board receives equivalent assurance from the Registrar, providing independent verification for the ethical claims and compliance of its key outsourced operations.
Kind to Animals
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No specific, concrete data points were found in the provided articles to assess Murray Income Trust against the defined KPIs for 'Kind to Animals'. The company is an investment trust, and the available information primarily discusses its investment portfolio and general ESG integration by its manager, abrdn. While investments in companies like Genus (gene-edited animals)
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and Dechra Pharmaceuticals (veterinary pharmaceuticals)
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were mentioned, these did not provide measurable data points that align with the quantitative thresholds of the given KPIs, nor did they explicitly fit the criteria for 'animal-free alternatives' or 'regenerative practices that protect wildlife' as defined by the value. General statements about abrdn's ESG policies or engagement with investments on environmental issues were not specific enough to animal welfare or did not provide quantifiable outcomes for any KPI.
No War, No Weapons
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The provided articles do not contain specific, quantifiable evidence to assess Murray Income Trust (MUT.LSE) against any of the 'No War, No Weapons' KPIs. The company, an investment trust, does not have a sustainability objective or specific sustainability characteristics in its investment policy (Article 6). While its manager integrates ESG factors, MUT.LSE's investment portfolio may include companies with varying degrees of involvement in military or defense activities (Article 8). No data is available on revenue from arms contracts, dual-use technology, sales to embargoed regimes, peacebuilding investment, or any specific divestment policies related to conflict or weapons for MUT.LSE itself.
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Planet-Friendly Business
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Murray Income Trust integrates ESG considerations into its investment analysis and actively engages with investee companies on sustainability topics, including climate change risk management. As of December 31, 2022, 96% of its portfolio by value, encompassing 50 out of 55 companies, had set net-zero target dates
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. These targets are distributed with 37% aiming for 2030, 25% for 2040, and 34% for 2050, resulting in an average net-zero target year of 2040 for the portfolio
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. The Trust's investment manager is a signatory to the UN Principles for Responsible Investment and participates in initiatives such as Climate Action 100+ and the Institutional Investors Group on Climate Change (IIGCC) Net Zero Framework
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. However, the provided articles do not contain specific data points regarding Murray Income Trust's own operational environmental performance, such as its direct emissions, renewable energy use, waste diversion, or specific climate targets for its own operations.
Respect for Cultures & Communities
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Murray Income Trust (MUT.LSE) operates as an investment trust, primarily investing in UK equities. Its engagement with cultural and community respect is indirect, mainly through its investment choices and shareholder engagement with investee companies. The company integrates Environmental, Social, and Governance (ESG) considerations into its investment analysis
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and engages in dialogue with investee companies on ESG topics
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. Its manager, abrdn, is guided by international human rights standards, including the International Bill of Human Rights, core conventions of the ILO, and the UN Guiding Principles on Business and Human Rights, with human rights and communities being a focus area
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. However, the provided articles do not contain specific, measurable data points or direct actions by MUT.LSE itself that are relevant to the defined KPIs for "Respect for Cultures & Communities." Information regarding Indigenous rights and water management in the Murray Darling Basin pertains to other entities and not directly to MUT.LSE's operations or initiatives.
Safe & Smart Tech
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The Fund's systems are protected by passwords, with no mention of multi-factor authentication, indicating weak authentication security.
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The Fund adheres to applicable privacy and data protection laws, including GDPR and Irish Data Protection Acts, and is regulated by the Central Bank of Ireland.
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It ensures written agreements with service providers for data processing
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and its Privacy Policy is under regular review.
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The Fund's policy ensures personal data collected is adequate, relevant, and limited to what is necessary for processing.
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Users are afforded standard data subject rights, such as the right to be informed, access, rectification, be forgotten, restriction of processing, and to object.
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The Fund also has a policy to decide whether to carry out data protection or privacy impact assessments for new activities involving personal data processing.
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Zero Waste & Sustainable Products
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Murray Income Trust (MUT.LSE) is an investment trust that outsources all its activities and does not directly engage in manufacturing, product design, packaging, or offer goods and services to customers.
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The provided articles consistently confirm this operational model, stating that the company has no direct greenhouse gas emissions from its own operations
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and no responsibility for other emissions-producing sources.
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Consequently, there is no direct evidence available in the articles to assess MUT.LSE against any of the KPIs related to waste management, product sustainability, or packaging, as these metrics are designed for companies with direct operational waste streams or physical products. Information regarding the sustainability practices of its investee companies or its investment strategy's ESG integration does not provide direct data for MUT.LSE's own performance on these specific KPIs.