Companies need to have sustainable practices across environmental, social and governance factors (ESG) to maintain their social licence to operate, which ensures their long-term profitability.

The importance of sustainability is clear. But assessing ESG factors is complex and rarely black or white. It can’t be done without considering a range of stakeholder needs and it requires substantial judgement. As such, we strongly believe independent research is important as every company’s place in society is more than the sum of its reported statistics. Like all other aspects of investing, unfortunately, best efforts and a well-guided moral compass, do not yield perfect results and we continue to learn from, and adapt to, changing societal expectations.

We take our responsibilities as stewards of capital seriously and are in a fortunate position to be able to make a positive difference. Behind each of our investment decisions is comprehensive research performed by a considered analyst.

ESG assessments are integrated in our investment process from the genesis of the investment idea until we sell our last share. We take our voting rights seriously and vote on all our shares when entitled to. Find out more here.

We are active stakeholders of our investee companies and regularly engage with management and the boards of these companies. We agitate for change where we believe it is necessary. We treat problems as our problems, not just to be passed on to a new set of shareholders. We recognise, however, that engagement can also have its limitations and, although rare, sometimes walking away is the most responsible thing to do.

As investors, we have always insisted on thinking for ourselves, taking a long-term perspective and acting in accordance with our values. Our approach to responsible investing is no different. We aspire to deliver on behalf of clients who share our belief that investing responsibly is an integral part of investing well.

Rated ‘A’ by the PRI

We are currently rated ‘A’ by the PRI for ESG incorporation and active ownership of listed equities.

To read more about our approach, download a copy of our Statement on Responsible Investing and our Public Transparency report. Information regarding the PRI assessment methodology is available at www.unpri.org . Our Stewardship report and Modern Slavery Statement are also available for download.

Allan Gray is carbon neutral

We believe that Allan Gray Australia has a responsibility to ourselves and future generations to act on climate change now. There are ways to mitigate the adverse effects of CO2 emissions – starting with being aware of our own carbon footprint.

During 2020, Allan Gray Australia initiated a project to estimate our CO2 footprint based on direct (scope 1) emissions from our operations. Once identified, we worked together with South Pole – a specialist in corporate decarbonisation – to purchase carbon credits for certified emission reduction projects to cover our entire estimated carbon footprint.

We are pleased to confirm that we have offset our estimated carbon footprint for 2020, and are committed to remaining carbon neutral in the years to come.

Analysis includes Orbis shared service employees. We have estimated our CO2 footprint for the 2020 calendar year (focussing on direct emissions at this stage) and have sought to purchase carbon credits for certified emission reduction projects to offset our entire footprint. Flights includes all air travel, whilst energy includes all our office energy consumption. Staff movements is calculated considering how employees travel to and from work as well as accommodation for work purposes. Events includes catering and food product for office and staff events. Materials and waste includes office materials and IT devices as well as general waste disposal.
Philanthropy has long been central to our Founding family

Allan & Gill Gray Foundation was established in 2015, endowed with the controlling interests in the Allan Gray and Orbis groups of asset managers. The Foundation devotes the fruits of those interests exclusively to philanthropy.


“I firmly believe that philanthropy is a natural extension of what Orbis and Allan Gray already do each and every day. Just as these firms strive to promote their clients’ financial security and peace of mind, so too will Allan & Gill Gray Foundation strive to make a positive contribution to the common good. It is this holistic view of business entrepreneurship and the symbiotic relationship amongst all stakeholders—clients, employees, owners, and society—that the Foundation seeks to preserve.”

Allan Gray



For more information on the Foundation, please click here.