At Winton, we consider corporate social responsibility to concern both the investments directed by our strategies and how we behave as an organisation.
Winton’s corporate governance structure includes the Winton Group Board and its committees, the boards of the business areas and subsidiaries and Winton’s other decision-making committees. The boards are responsible for supervising the management of the relevant company or business area to ensure that we conduct our business appropriately, with integrity, and with due regard for the interests of all stakeholders.
We have adopted the “three lines of defence” model. As the first line of defence, departments are responsible for ensuring that a risk and control environment is established as part of day-to-day operations. The Compliance department and the Risk function form the second line of defence, independently overseeing the risk management activities of the first line of defence. The third line of defence is conducted by the Audit Committee, assisted by external auditors who report independently to the Committee and provide independent assurance over the first and second lines of defence. The internal audit function is also part of the third line of defence.
Effective regulation has a vital role to play in fostering innovations that are positive for society. Winton has long been a supporter of good rulemaking, and we seek to maintain open and constructive dialogue with the many authorities that regulate our market activities worldwide.
Winton subsidiaries are regulated by the Financial Conduct Authority in the UK. In the United States, relevant entities are registered as investment advisers with the US Securities and Exchange Commission, and with the US Commodity Futures Trading Commission. We are also a member of the US National Futures Association. In Hong Kong, we are regulated by the Securities and Futures Commission.
Winton is a responsible taxpayer, complying with local tax laws and regulations and with OECD guidance. Our primary tax objective is accurate and timely compliance in all countries where we operate.
Our annual report and financial statements (publicly available from our website and UK Companies House) disclose the group’s total tax contribution, including the effective rate of tax borne by the group. Read more about our tax strategy.
Winton sponsors academic prizes, doctoral and post-doctoral research and academic events and enhances the charitable giving of its employees through a donation matching programme.
Winton matches donations made by employees and employee fundraising – up to a limit of £10,000 per employee per annum – and allows UK based employees to donate to charities through payroll.
The firm’s founder and CEO, David Harding, is an active philanthropist through the David and Claudia Harding Foundation, supporting a range of initiatives related to science and mathematics, as well as other projects of personal interest such as the history of finance. In February 2019, the Foundation gave £100 million to Cambridge University, part of which will fund the Harding Distinguished Postgraduate Scholars Programme.
Other notable endowments include the Winton Centre for Risk and Evidence Communication at the University of Cambridge, the Winton Programme for the Physics of Sustainability at the Cavendish Laboratory, the Harding Center for Risk Literacy at the Max Planck Institute in Berlin and Mathematics: The Winton Gallery at the Science Museum in London.
Winton is mindful of its environmental impact and seeks to adhere to the relevant environmental standards in the countries in which it operates, wherever possible.
In our London headquarters, we have entered into an agreement with the Low Carbon Workplace Trust, which aims to deliver low-use carbon emissions based on improving the fabric of the building, deploying high-efficiency technologies to heat, cool and ventilate the space, and reducing operational energy consumption through sophisticated energy monitoring.
We also receive ongoing advice from the Low Carbon Workplace Trust to help minimise carbon emissions, showing continued results in achieving energy usage levels well below the suggested ECON19 benchmarks.
We publish the following statements and disclosures on our website, which are updated as appropriate: