Detailed Information on Winslow's Investment Philosophy & Process:
A company's performance is driven by factors that aren't always obvious by simply looking at the numbers. Winslow believes that the best investment decisions require a truly comprehensive understanding of a company's circumstances - not just knowing its financial strength, but knowing about its business practices, its systems and processes, its relationship with its employees and its treatment of the communities and environments in which it operates.
A growing number of companies are finding that their environmental, social and corporate governance performance can provide a competitive advantage over their peers. Environmental efficiency can lead to cost advantages and quality improvements; social responsibility can provide bottom-line benefits in the form of lower employee turnover or improved brand identity; and strong governance practices can identify or prevent malfeasance before it takes root.
As a result, Winslow has spent a number of years developing an integrated research and analysis methodology to incorporate these factors into our investment decision-making process. Winslow focuses primarily on environmental issues in its analysis, but governance and social factors also play a role in the investment process.
Winslow's research team develops an integrated profile of all potential portfolio holdings, with financial and environmental factors examined in tandem. This approach adds significant value to Winslow's investment decisions - the firm believes that its comprehensive analysis can identify companies with lower risk profiles, more efficient operations, stronger long-term competitive positions, and higher quality management teams. In these and other ways, Winslow believes that its focus on growth driven by environmental sustainability can be a source of excess portfolio returns over time.
Sustainable Investment Policies
Many of Winslow's portfolios operate with clearly-defined sustainable investment policies. These policies are all based on avoidance of companies that derive a significant amount of revenue from activities that Winslow believes to be ultimately unsustainable, such as: the manufacture of alcohol and tobacco; gambling operations; manufacture of military weapons systems or firearms; and the construction or operation of nuclear power facilities; unnecessary animal testing (investment is acceptable when a strong rationale (such as an FDA mandate) requires such testing for healthcare products); avoidance of companies that manufacture genetically modified organisms (GMOs) for environmental release; and, compliance with all federal, state, and local environmental regulations.