Janus Capital Management LLC
Janus Capital Management is a fundamental investment manager with an intensive, bottom-up investment process, focused on maximizing long-term returns while minimizing risk. We understand Environmental, Social and Governance (ESG) factors as critical externalities which impact the long-term viability and value of a business. Many of these factors elevate the importance of proper corporate governance and mark the difference between management teams who are willing to think long-term and those more interested in short-term profit optimization at the expense of the future viability of the business.
At Janus, we practice a bottom-up approach to research which seeks to deeply understand both the company and the ecosystem within which they operate. In addition to rigorous modeling and competitive analysis, we consider externalities such as ESG as a significant part of our research process. Often times, environmental, social or governance concerns uncovered by our research serves to remove a company from investment consideration.
We are long-term, fundamental investors and we actively seek out long-term oriented management teams. Our intensive research takes our analysts and PMs around the globe, where we conduct thousands of company visits / management interviews on an annual basis. Our investment team naturally develops long-term relationships with company management teams. As we identify ESG concerns in companies, we leverage our constructive relationships with management teams to address these concerns.
While our bottom-up research process uncovers many ESG issues, Janus has established a Responsible Investment Officer to oversee and coordinate: the dissemination of ESG issues, ongoing ESG education, ESG documentation and ESG-related proxy voting. The primary responsibility for fundamental research (including ESG analysis) lies with the analysts; however, our Responsible Investment Officer helps to focus the conversation, and keep relevant/material issues front and center. In addition, we use outside services to monitor company-specific and general ESG issues and alert our analysts.
At Janus, our first priority is to act as a fiduciary in the best financial interests of our clients. Strong ownership practices, such as proxy voting, can help protect and enhance long-term shareholder value. Janus recognizes that environmental, social and governance issues present risks and opportunities that can have a material impact on the value of an investment. We analyze and vote all ESG proposals in what we believe to be in the best, long-term economic interest of shareholders.