b'28 Mercia Asset Management PLC Annual Report & Accounts 2022Responsible businessAccelerating our ESG journeyemployeesOur commitment to expand our responsible investment agenda has placed sustainability at the heart of our culture.12%Portfolio businesses thatare purpose-ledProgress in our journey has seen the integration of our ESG framework into our Joanna Bayes investment analysis and decision-making Fund Administrator,and this will remain an ongoing priority for VCT Funds all of us.'