Social media: Social licence to operate or time to licence social operators?

Integrating ESG gives the investor a more complete and
holistic understanding of the risks and opportunities facing
a business. Where these are misunderstood by the market,
they can contribute to market inefficiency which creates
opportunity for outperformance by responsible stockpickers. Our approach of focusing on the contingent assets
that support healthy forms of extra-financial capital and
avoiding contingent liabilities that arise from weak ESG
practices is an example of how ESG may be used as a tool
to add value to a portfolio.