ESG Integration within the investment process is utilized for the purposes of risk management and alpha generation. Our research teams are organized by areas of industry sector specialization, our analysts are responsible for providing essential insights into industry trends, and company-specific considerations, which may include certain ESG issues deemed material and relevant to the evaluation of sustainable earnings trends, sentiment, and valuation. Analysts at our largest boutique utilize a Fundamental, Technical, and Valuation (FTV) factor variable framework to establish a level of conviction and ultimately a portfolio recommendation at the security and industry level. They are also expected to provide timely insights on key risk considerations at a company-specific and industry level, which may also include qualitative ESG-related considerations and events. In addition, an ESG score is integrated in to our FTV scoring model. Both industries and issuers are scored using this model. In addition, we do have client-directed socially-responsible mandates, where a screened list supplied by the client is applied as an overlay to the ESG-integration investment process. In the future our largest fixed income boutique will offer a norms-based screen as a portfolio construction option and our dedicated High Yield boutique plans to offer carbon-footprint portfolio reports.