DDJ began the process of creating a "paper ESG portfolio", which will be managed by DDJ as a portfolio with specific ESG-related objectives. DDJ is still in the early stages of developing this paper ESG portfolio; however, DDJ would be happy to communicate ongoing progress on such effort with MN.
DDJ began developing data enhancements, including the addition of ESG into DDJ's order management system, Everest. Such enhancements will include the addition of over 50 ESG data fields into Everest and will allow portfolio managers to see the "real time" impact of a potential trade on numerous portfolio-level ESG characteristics, such as carbon footprint, water stress, and labor management score. DDJ believes that these upgrades are critical for DDJ to continue improving its ESG efforts
DDJ sponsored the MBA Women in Investing Conference in November 2019, which is a conference designed to educate MBA women about career opportunities within the investment management field. Several DDJ investment professionals participated in the event, which DDJ believes promotes equality and diversity in a field that is still largely dominated by men. In addition, at this conference, DDJ's Chief Investment Officer spoke publicly about responsible investing, as well as how DDJ both examines ESG risk factors in the context of fundamental analysis of investments and generates new investment ideas.
In addition, in April 2019, DDJ produced a white paper titled "ESG High Yield: Beginning of a Journey", which describes DDJ's ESG philosophy and process, amongst other ESG-related topics, and is available here: https://www.ddjcap.com/wp-content/uploads/DDJ-Thought-Piece-ESG-in-High-Yield-Beginning-of-a-Journey-April-2019.pdf