As a firm, we are constantly evaluating how to leverage our core competencies in order to meet our clients’ needs and our commitment to ESG is the most recent example of our efforts. To that end, we formed an ESG Integration Team, tasked with furthering ESG education across the firm and developing a strategy to integrate ESG factors into our investment processes. This process began with an evaluation of the range of potential options for integration, and included conference calls and onsite meetings with leading global consultants, asset management peers, and third party organizations focused on responsible investment, including PRI and Sustainalytics. This team is working diligently to ensure that we define a strategy that is compatible with our firm’s sustainability principles, our current investment processes, and our existing and future clients’ investment needs.
In order to reflect the transition from ESG strategy development to governance and implementation, we will form the ESG Strategy Council, which will ensure successful execution of our strategic plan. This group will be chaired by our Chief Investment Officer and will consist of leaders from Quantitative Research, Taxable Fixed Income, Tax-Free Fixed Income, Equities, and members of Client Services.