This means that their assessment of financial materiality – including that of ESG issues – may differ due to factors including investment approach, geographical focus, holding period, portfolio positioning and construction, and risk tolerance.

While this independence of thought is the basis of our approach, there are some overarching views on how ESG issues are integrated where this forms part of the investment process:

• We believe that the integration of material ESG factors into our investment process will enhance returns for clients over the long term
• We assess material risks from both a sector and company-specific perspective
• We use this risk assessment to inform investment decision-making and prioritise engagement with our investee companies

• We use company meetings as an opportunity to discuss the most material risks with companies’ executive board members as well as periodic stand-alone meetings with dedicated sustainability managers and non-executive directors when appropriate

• We document investment analysis and company engagement and share these with the wider Artemis investment teams
• We can explain how factors which can be material such as companies’ environmental performance and governance processes are integrated into our investment decisions