Financial Services / Banking

Polar Capital Technology Trust sustainability score: 25/100

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About Polar Capital Technology Trust

Polar Capital Technology Trust is a closed-ended investment trust listed on the London Stock Exchange, externally managed by Polar Capital LLP. It invests primarily in global technology companies, with heavy concentration in semiconductors (44%), software, and hardware.

More about Polar Capital Technology Trust

Founded in 1996, it holds approximately £3.8bn in assets.

Head office GBStaff ~204 (Polar Capital Holdings, the investment manager, as of March 2024; PCT itself has no direct employees — it is an externally managed investment trust)Revenue ~£29.4M (gross income FY2025, per AIC filing; investment trust NAV £3,804.9M as at April 2025)Website ↗

Our verdict

Polar Capital Technology Trust discloses minimal climate data despite managing £3.8bn in semiconductors and tech hardware. No quantified operational or financed emissions reported, no TCFD filing despite 2024 commitment, and no reduction targets. The portfolio's semiconductor concentration masks material Scope 3 exposure.

Polar Capital Technology Trust scores 25/100 (Significant gaps) on SINK's independent climate assessment, scored from public data only. Scores are free. Companies can never pay for anything about their own score. Last verified August 2026.

That places Polar Capital Technology Trust joint 808th of 934 companies scored, and joint 52nd of 59 in Financial Services / Banking.

The ten questions

What is Polar Capital Technology Trust doing well, and where does it fall short?

Strongest on Controversies & Red Flags and Water Impact (7/10, 4/10). Weakest on Carbon Footprint: Supply Chain and Emissions Trajectory (1/10, 1/10).

What's missing

Where Polar Capital Technology Trust lost points

For each question that lost points, the evidence our public rubric looks for that we didn't find.

  • Emissions from its own operations2/10No emissions figures for its own operations, not even an estimate from energy bills.
  • Emissions from its supply chain1/10No assessment of where its supply-chain emissions come from.
  • Whether its emissions are falling1/10No evidence its emissions are falling, not even from energy bills or mileage.
  • How clean its energy is2/10No renewable energy tariff or major efficiency investment shown.
  • Its effect on nature3/10No assessment of its effect on nature, and no basic environmental policy.
  • How it uses materials and handles waste3/10No active waste reduction, reuse or repair shown.
  • Its effect on water4/10No measured water footprint with reduction targets.
  • Its climate targets2/10No specific targets with dates.
  • How openly it reports4/10No dedicated sustainability role, board oversight or public report.
  • Its record on controversies7/10Points deducted for controversies or its business model. The finding is under question 10.

A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.

The calculation

How is Polar Capital Technology Trust's SINK score calculated?

Same ten questions for every company. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
Financial Services / Banking sector ceiling.
50 / 100
Performance score
Sum of the ten questions, each scored 0 to 10.
29 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 50) + (0.7 × 29) = 35.3
Scale penalty
Multiplier based on total emissions. Bigger polluters lose more.
× 0.7
Final score
Rounded. Significant gaps.
25 / 100
Where the evidence comes from

What evidence is Polar Capital Technology Trust's score based on?

8 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.

50% of them were published by Polar Capital Technology Trust itself; the rest come from independent sources.

[1]Self-reported
Polar Capital — Stewardship & ESG

“We have engaged with a specialist climate and emissions consultant, with the aim of assessing our climate and environmental practices”

Ongoing
Q1Q2Q3Q4Q6Q8Q9
View →
[2]Self-reported
Polar Capital Holdings — Results 31 March 2024

“we remain focused on developing our climate strategy, analysis capabilities and stewardship practices”

2024
Q3Q8Q9
View →
[3]Self-reported
Polar Capital Technology Trust — FY2024 Annual Report and Accounts

“As at 30 April 2024, based on MSCI ESG ratings, the portfolio and the benchmark were both A rated”

2024
Q1Q2Q5Q9
View →
[4]Independent source
StockAnalysis — Polar Capital Holdings Employees

“Polar Capital Holdings had 204 employees as of March 31, 2024”

Ongoing
Q1Q4
View →
[5]Independent source
Hargreaves Lansdown — Polar Capital Technology Trust Research

“Polar Capital's investment teams are given the flexibility to integrate environmental, social and governance (ESG) considerations”

2025
Q6Q10
View →
[6]Independent source
Investing.com — Polar Capital Technology Trust Top Holdings

“By sector, semiconductors and semiconductor equipment accounted for 44.0% of the portfolio”

2025
Q5Q10
View →
[7]Self-reported
Polar Capital Technology Trust — Official Website

“Launched in 1996, Polar Capital Technology Trust plc has a long-term, multi-cycle track record in growing investors' capital”

Ongoing
Q7
View →
[8]Public record
Wikipedia — Polar Capital Technology Trust

“Polar Capital Technology Trust is a large British investment trust dedicated to investing in a portfolio of technology companies”

Unknown
Q7
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

For Polar Capital Technology Trust

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    Polar Capital Technology Trust: SINK sustainability score 25/100.

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Polar Capital Technology Trust in context

How does Polar Capital Technology Trust compare with other financial services / banking companies?

Where Polar Capital Technology Trust sits among financial services / banking peers.

Among the 59 major financial services / banking brands we've scored, Polar Capital Technology Trust is tied =52nd of 59, with 1 other.

=52/59
Polar Capital Technology Trust's rank
36
Industry average
20
Industry low
65
Industry high
See all 59 in Financial Services / Banking →
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