Our investment process has two stages: Investment Analysis and Active Ownership.
Investment Analysis: Companies are assessed on quality factors, such as competitive advantage and financial health. They are also assessed on sustainability factors, such as sustainability risk and sustainable transition opportunities.
Responsible Ownership: Continuous process of monitoring, dialogue, and engagement. This helps us better understand companies and drive positive change.
This approach means building a long-term, high-conviction portfolio of well-understood companies.
The key characteristics of our process are as follows:
- Sustainable: Identify companies that manage sustainability risks well and benefit from the transition to a sustainable economy;
- Quality: Identify companies with durable competitive advantage, long-term value creation potential, financial health, and strong management;
- Long-term: We invest in (and own) companies for the long term, tuning out the noise;
- Active Ownership: We build long-term relationships with companies to better understand the business and drive positive change;
- Concentrated: Build a high-conviction portfolio of well-understood companies with low portfolio turnover (reflecting our long-term investment horizon).
We deliver this approach with a global or European focus.