Co-founder and Managing Director Hannah Strasser continues to lead SKY Harbor’s multi-year effort in support of the 2030 Agenda for Sustainable Development Goals (“SDGs”) not only in terms of the company’s personal conduct but as a steward of our investors’ capital. We note that stakeholders across the globe continue to embrace the shared goals of sustainable development, recognizing the strong business case for investment decisions that include analyzing the risks and opportunities posed by environmental, social, and governance factors, particularly with respect to the high yield universe. Looking toward the coming decade we believe the trend toward sustainability reporting by the business community will increase in pace and across industries world-wide.
Equally important and perhaps with more immediate impact than anticipated, we foresee significant involvement by governments and regulators, all of which we expect will potentially create or reveal significant physical and transition risks implicating regulatory disclosure, compliance, public policy and a broadened stakeholder universe of rights.
Having achieved much our integration and education goals concerning the investment process, and in response to the growing complexity underlying the accelerating regulatory trend, we have adapted our original model by moving away from of a single dedicated Transversal ESG Analyst and have established the SKY Harbor Sustainable Themes and ESG Integration Working Group. This new working group sits along-side our Short Duration and Broad High Yield investment strategy working groups. Hannah Strasser and the Head of Investing provide investment process integration and portfolio management expertise within this working group. The GC & CCO is a member of this working group and oversees sustainability-focused thought leadership, leveraging his expertise in regulatory and compliance matters and his legal perspective on board governance and public policy issues. The four-person Sustainable Themes and ESG Integration Working Group is rounded out by the addition of an individual who is tasked with ESG Data Management, supporting our proprietary quantitative assessment of our high yield issuer universe. We believe this expanded working group bolsters SKY Harbor’s ability to respond thoughtfully and effectively in the management of our clients’ assets in light of the profound and ongoing developments in corporate sustainability.