OUR COMMITMENT TO
Sustainable Investing
We have always been mindful of environmental, social, and governance issues (ESG), eschewing companies that sell firearms, tobacco, or are involved in environmentally damaging activities like coal mining.
In 2020, we developed a new, more robust ESG framework that codifies many of our long-held beliefs. Our proprietary quantitative ESG system ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment.
How we find great companies doing great things
Our proprietary quantitative ESG model ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment
GOVERNANCE SCORE
Review of board diversity, board tenure, and number of independent directors
ENVIRONMENT & SOCIAL IMPACT SCORE
Analysis of environmental and social impact achievements, including weightings in leading ESG ETFs, UN Sustainability rankings, and environmental and social impact awards
CULTURE SCORE
Analysis of remuneration policies, management salaries, and employment opportunities
VIRTUOUS CYCLE SCORETM
High profitability and return on invested capital to fuel social and environmental investments
SHAREHOLDER ALIGNMENT SCORE
Emphasis on management teams that are aligned with shareholders, have ownership of shares, and exhibit prudent capital allocation
Quarterly Global ESG Rankings
The 1,250 largest global companies ranked using our proprietary quantitative ESG model
ESG Ranks as of Q4 2025
OVERALL RANK
A company’s ESG rank is a composite measure of its governance, environmental & social impact, culture, virtuous cycle and shareholder alignment rankings.
GRADES
A = places in top quartile. B = places in second quartile. C = places in the third quartile. D = places in the fourth quartile.
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“We decided to build our own ESG approach rather than license one from a third party. Though it was a significant undertaking, we are quite proud of what we’ve created because it resulted in an methodology that marries common sense with robust systematic ranking.”
Randall Abramson, CFA
CEO, Portfolio Manager
We built our ESG approach from the ground up
FULL CONTROL
Most investment managers outsource their ESG process. While a cost effective route, outsourcing means giving up control. With many ESG vendors and ESG ETFs coming under scrutiny recently for their ESG approaches, we decided to build our own process. We have complete control, full transparency, and have the ability to continuously improve our strategy in ways that make sense to us.
EMBEDDED FINANCAL METRICS
Most ESG approaches do not embed any financial metrics into their ranking process. Our proprietary Virtuous Cycle ScoreTM identifies companies with high profitability. These businesses have the resources and staying power to create lasting change.
A SMARTER APPROACH TO EXCLUSIONS
ESG approaches usually have broad and rigid exclusion rules. For example, all companies from industries like Oil & Gas are typically excluded from the investment universe. While our ranking approach excludes companies from industries that are associated with controversial or environmentally harmful activities, we may include companies from these industries in our portfolios should they demonstrate substantial commitments to reducing their carbon footprint, reduction of controversial or environmentally harmful activities, or other clearly articulated material changes to products and/or services. Our approach rewards companies that are making wholesale changes; often these initiatives result in the largest net reductions in emissions or carbon footprint.
PROPRIETARY METRICS
With over 20 years of financial innovation, we have a deep understanding and history of integrating systematic methodologies and ranking systems into our investment approach.
Learn more about our commitment to sustainability
OUR COMMITMENT TO
Sustainable Investing
We have always been mindful of environmental, social, and governance issues (ESG), eschewing companies that sell firearms, tobacco, or are involved in environmentally damaging activities like coal mining.
In 2020, we developed a new, more robust ESG framework that codifies many of our long-held beliefs. Our proprietary quantitative ESG system ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment.
How we find great companies doing great things
Our proprietary quantitative ESG model ranks companies on their commitment to environmental & social change, governance policies, culture, profitability, and shareholder alignment.
Review of board diversity, board tenure, and number of independent directors.
Analysis of environmental and social impact achievements, including weightings in leading ESG ETFs, UN Sustainability rankings, and environmental and social impact awards.
Analysis of remuneration policies, management salaries, and employment opportunities.
High profitability and return on invested capital to fuel social and environmental investments.
Emphasis on management teams that are aligned with shareholders, have ownership of shares, and exhibit prudent capital allocation.
Quarterly Global ESG Rankings
The 1,250 largest global companies ranked using our proprietary quantitative ESG model.
ESG Ranks as of Q4 2025
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“We decided to build our own ESG approach rather than license one from a third party. Though it was a significant undertaking, we are quite proud of what we’ve created because it resulted in an methodology that marries common sense with robust systematic ranking.”
Randall Abramson, CFA
CEO, Portfolio Manager
We built our ESG approach from the ground up
FULL CONTROL
Most investment managers outsource their ESG process. While a cost effective route, outsourcing means giving up control. With many ESG vendors and ESG ETFs coming under scrutiny recently for their ESG approaches, we decided to build our own process. We have complete control, full transparency, and have the ability to continuously improve our strategy in ways that make sense to us.
EMBEDDED FINANCAL METRICS
Most ESG approaches do not embed any financial metrics into their ranking process. Our proprietary Virtuous Cycle ScoreTM identifies companies with high profitability. These businesses have the resources and staying power to create lasting change.
A SMARTER APPROACH TO EXCLUSIONS
ESG approaches usually have broad and rigid exclusion rules. For example, all companies from industries like Oil & Gas are typically excluded from the investment universe. While our ranking approach excludes companies from industries that are associated with controversial or environmentally harmful activities, we may include companies from these industries in our portfolios should they demonstrate substantial commitments to reducing their carbon footprint, reduction of controversial or environmentally harmful activities, or other clearly articulated material changes to products and/or services. Our approach rewards companies that are making wholesale changes; often these initiatives result in the largest net reductions in emissions or carbon footprint.
PROPRIETARY METRICS
With over 20 years of financial innovation, we have a deep understanding and history of integrating systematic methodologies and ranking systems into our investment approach.