Terra Alpha’s investment strategy incorporates all material environmental, social, and governance information to identify businesses that are positioned for success based on their Environmental Productivity. Environmental Productivity measures the efficiency with which companies use and impact natural resources. Through this approach, Terra Alpha is able to identify ESG risk and opportunity. We begin our process with disclosed environmental data; we do not even consider companies that do not disclose at least GHG emissions. Our process continues as we look for the most environmentally productive, resource-use efficient companies in each sector, and then look to analyze more traditional factors to choose companies for our portfolio.