The Firm's long-term objectives for its responsible investment activities are ultimately aligned with our investment principles and have changed little since Adelphi's inception in 1997. We believe our investment strategy has always implicitly incorporated elements of ESG into its process i.e. seeking strong management ethics; good corporate governance as a pre-requisite for investing in any company; our long history of voting on corporate actions; and direct engagement with boards in situations where we believe they are not acting responsibly.
However, we recognise that ESG factors have become increasingly important to our client base and as such, shall monitor that our objectives are best addressing these concerns, by staying informed of the relevant advancements in RI that may enhance our process by helping to generate longer-term, sustainable returns for our clients.
We intend to do this using the following review framework:
- The Partnership Committee will discuss, where relevant, high level ESG objectives at their quarterly meetings, affecting both the management company and the investment process.
- ESG training shall be conducted and reviewed on an annual basis and will cover the Principles, along with any other relevant case specific examples and ESG related developments from the Firm and/or the wider investment industry. It will be an opportunity to review the Firm's objectives for the year ahead.
- The investment team's in-depth Annual Portfolio Reviews will provide an opportunity to review the effectiveness of the Firm's ESG investment research (proprietary and from third-parties).
- The above Annual Portfolio Review shall be complimented by ongoing discussions, including but not limited to, one-to-one portfolio manager and analyst meetings and weekly investment team meetings.