There are four components of Ownership Capital's approach to responsible investment that we consider to be particularly innovative. Firstly, we have a 10-year investment horizon, which helps our investment professionals focus on all parameters that could be material to the long-term success of our investments. Secondly, Ownership Capital has developed a proprietary tool (OC Govern), along with associated algorithms, that assists in company ESG analysis using 75 different factors spread across management, social, environmental, and governance issues. This data-driven tool forms a key part of our ESG analytical framework and helps clarify the engagement agendas per company. Thirdly, Ownership Capital has developed a comprehensive risk tool (OC Aggregagted Risk Map) that quantifies financial and extra-financial risks for the portfolio holdings individually, but also collectively for the portfolio. This unique risk tool enhances pro-active risk management capabilities and as a result, lowers the risk profile of the portfolio. Finally, Ownership Capital believes its emphasis on active and continuous engagement as a fundamental part of the investment process, is highly innovative and differs from many other approaches. Rather than being carried out as a separate activity detached from the rest of the investment process / or by separate analysts, ESG analysis and engagement is fully integrated into the entire investment process and helps our PMs reduce risks and enhance returns, over time.