Objectivity
We seek to maintain independence in the execution of our research. Though we may leverage external frameworks (e.g. SASB materiality topics) and sources (e.g., ESG databases, governance advisory firms, academic researchers) to varying degrees to identify key ESG issues for the businesses we own, we do not rely on third‐party opinions when building conviction in our investment views.
Engagement
We view engagement as a valuable tool to better understand management’s long-term strategic vision and discuss how they manage ESG risks and opportunities, among other issues. Therefore, we meet regularly with the management teams of portfolio companies. When merited, we proactively express our views regarding business strategy, governance, financial reporting, executive compensation, and other stakeholder considerations.