WellsCap has provided formal ESG training to the investment teams over the last couple of years, including training on high-level ESG concepts and WellsCap ESG initiatives, as well as training on the available WellsCap ESG reports and tools. Additionally, investment teams have received training regarding our ESG data provider’s review process and scoring methodology to better understand the vended research. On an annual basis, all investment teams are expected to have a minimum of two formal ESG-related exercises or training, which can include 1-on-1 training sessions, meetings with senior management, webinars, and cross-organizational round tables and seminars.
As an extension of ESG integration across our entire firm, we offer clients ESG risk and analytic reporting on their portfolio on an ad-hoc basis as requested. This transparency is an important focal point for discussions that we have with clients regarding their ESG values and sensitivities. It can evolve into a more detailed discussion to evolve their guidelines into more specific ESG objectives, to make ESG more “intentional”. For example, based on clients’ needs, we have provided portfolio level ESG analytics on relevant metrics to provide a better understanding of ESG performance, sector exposures, and carbon footprint.