The Manager uses negative screens to exclude investment in issuers that derive any revenue from tobacco manufacturing, including alternative smoking products; the manufacture of controversial weapons (such as cluster munitions, landmines, biological or chemical weapons, depleted uranium weapons, blinding laser weapons, incendiary weapons, and/or non-detectable fragments); and the production or distribution of pornography.

Janus Henderson integrates Environmental, Social and Governance (ESG) factors into its investment decision-making and ownership practices and is committed to maintaining its focus on ESG integration as a foundation for long-term investment returns. Janus Henderson defines ESG factors as aspects of a company's operations, products or services which may be financially material to the business and/or impact the long-term sustainability of an investment. These include Environmental factors, such as climate change, energy efficiency, resource depletion, and water and waste management. Social factors that include employee and community relations, diversity, quality of life, enhancements in knowledge, and advances in supportive technology for improved sustainability. Governance factors that include mitigating risks such as bribery and corruption, ensuring board independence and diversity, executive pay, accounting standards and shareholder rights, and positively influencing corporate behaviour.

ESG issues, including climate change, demand active and ongoing engagement and the Janus Henderson Responsible Investment and Governance Team supports the investment teams on stewardship issues such as company engagement and proxy voting, as well as ESG research.

Janus Henderson is involved in a wide range of ESG-related initiatives as a member, supporter or in an advisory capacity. It is a Forum member of TNFD, a signatory of Climate Action 100+, a founder member of the Institutional Investors Group on Climate Change (IIGCC), and its Global Sustainable Equity Team was a founding member of the Net Zero Carbon* initiative in 2020. Legacy Henderson was a founding signatory of the UN Principles for Responsible Investment, joining in April 2006 when the principles were launched. Legacy Janus joined in 2014.