The process begins by defining sustainability as the investment required to address demographic, environmental and social change. Themes and sectors (GICs) are analyzed for qualification. The process is intentionally kept broad so that new areas--in technology for instance--can be interwoven into the existing framework. With the universe of themes defined, work focuses on building a portfolio per its charter that is concentrated (40-50 positions) that fulfill ESG criteria, with a particularly emphasis on strong or improving governance. The firm typically proxy votes through ISS but the fund and firm will take up specific governance issues with the board and management of companies.