ESG is factored into decision-making

Environmental, Social and Governance (ESG) issues are addressed using a two-pronged approach. Firstly, ESG considerations have been integrated into the investment process as a variable in the initial screen that determines the defined investment universe, and as a variable in determining each stock’s valuation. While we use specialist external providers to streamline ESG data and information, in-house research and company engagement are our most important sources for ESG analysis.