ESG stands for Environmental, Social & Governance. The idea is to invest in companies that believe in more than the bottom line. Companies can and should do more within a broader mandate taking into account all stakeholders, not just shareholders. At Albion, we have taken a unique approach using this philosophy in constructing our ESG portfolio. This is embodied in the following quote:
“Society is demanding that companies…serve a social purpose. To prosper over time, every company must not only deliver financial performance but also show how it makes a positive contribution to society.” ~Larry Fink, BlackRock CEO