Annual impact report · 2026
Capital, considered
A short read, then the full report. The numbers, the misses, and what we are committing to next.
Impact2026Public
Annual impact report · 2026
A short read, then the full report. The numbers, the misses, and what we are committing to next.
Impact2026Public
Read on
What follows is a document fold — a continuous, printable report in the same file. Scroll on, or jump from its contents list.
A4Exports to WordPrints clean
This is a document fold: a continuous A4 report that lives in the same file as the slides before it. It prints to portrait pages, exports to Word as real editable text, and carries the same brand as the deck.Slides export as images; this report exports as text. One file, two surfaces.
Headline: the fund met its return target while moving 41% of assets under management into measured-impact strategies — two years ahead of plan.
Three figures carry the story; the rest of this section is the working behind them.
| Measure | 2025 | 2026 |
|---|---|---|
| Assets under management | €2.4bn | €2.9bn |
| Impact-weighted AUM | 22% | 41% |
| Net return | 7.8% | 8.3% |
We classify each holding against a fixed rubric and weight by position size. The rule, in code, is deliberately boring:
weighted = sum(position.value * position.impactScore)
ratio = weighted / portfolio.totalValue // 0.41 this yearAn honest report names its misses. Two this year:
Open question for the committee: do we cap single-sector exposure at 15%, or hold the line and accept the volatility?
Three commitments, each with a number against it: lift impact-weighted AUM past 50%, close the reporting lag to one month, and publish this report in the open — folded, naturally, in a single file.