Investment Thesis

Environmentally focused investing is not an asset class. Rather, it is a method of investing risk-averse capital for the long-term. The global economy faces significant structural challenges. Macroeconomic and geopolitical factors such as energy security, technological innovations, globalization and climate change provide strong growth drivers to well-managed, eco-efficient businesses. Environmental considerations are an inherent attribute of investment risk and return valuation regardless of enterprise size, economic sector of activity or country of domicile. For any given investment universe there exists a subset of companies that embrace environmental stewardship as part of doing business, whether it takes the form of risk mitigation, is the source of strategic growth, or both. Ceteris paribas, these companies represent a lower capital risk and hold potential for higher return on equity over long-term investment horizons.