The Master Trust’s Investment Portfolio operates in a unique and complex social-economic milieu. As an investor with a long-term investment horizon, the success of the Master Trust is linked to domestic and global economic growth, job creation and prosperity. Actions and activities that detract from the likelihood and potential of economic growth are not in the long-term interests of the Plans and their participants. Therefore the Board expects the independent fiduciary and investment managers to select investments after a careful investigation and analysis of the risks versus the long-term potential returns, including, within the financial constraints imposed by fiduciary responsibility, consideration of Environmental, Social and Governance risks (ESG). The Plans prefer but are not limited to investment managers and funds that integrate ESG policy criteria in their investment philosophy and security selection process.