Baillie Gifford are delighted to share with you their seventh annual impact report for Positive Change. Seven years of investing for Positive Change has taught them many things. Perhaps the most important lesson has been to remain resolute on their two objectives and consistent in their investment approach, however unsettling the backdrop or gloomy the day’s news. This has been the strategy's focus in 2023, a year in which global crises compounded and market headwinds endured for growth stocks. Now more than ever, we need companies with novel solutions to persistent global challenges to be ambitious and allocate capital to innovations that can shift the world onto a more sustainable and equitable pathway.

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