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Corporate Overview
European SmallCap Opportunities
Disciplined Process
Product Range
SRI Process
Performance
Internal Control Regime
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Socially Responsible Investment
- The Munros Team pioneered the application of SRI to European SmallCaps in 2001
- Team now has 6 years in-depth experience
- Outstanding track record
- 2006 corporate changes have led to an improved and greatly strengthened SRI methodology
- Approach marries Munros investment process to SRI universe
- Product range includes customized as well as “off the peg” SRI portfolios
- Refusal to compromise on SR or I
- Munros is a signatory to the Principles for Responsible Investment
Why Munros offers SRI
- Importance of inclusion
- Investment characteristics:
- Superior fundamentals
- Attractive valuations
- Potential for high information ratios
- SRI characteristics:
- Transparency
- Inclusion
- Effective Engagement
- Size diversity in a portfolio produces higher returns/lower risk
- Standard industry non-SRI benchmarks apply
SRI Assessment
- Partnership with Sustainalytics
- Founder member of SiRi
- Principal owners:
- MeesPierson
- PGGM
- Triodos Bank
- Guarantees SR assessment independent from investment function
- Jointly developed methodology Sustainalytics/Munros
- Universe well above critical mass levels and growing
SRI Assessment Methodology – A Four Part Process
- General corporate sustainability (quantitative assessment)
- Business
- Ethics
- Social Environment
- Strengths, weaknesses, controversies (qualitative assessment)
- Extensive use of media and NGO resources
- Controversies comprehensively assessed covering an extensive list of areas from predatory lending to anti-competitive practices
- Exclusionary analysis
- Client driven customisation
- Full analysis available on:
- Genetically modified organisms
- Firearms
- Military contract
- Nuclear Power
- Tobacco
- Alcohol
- Gambling
- Animal testing, etc
- Final assessment and detailed engagement requirements
The three main sustainable pillars
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