At Marlborough Fund Managers, non-financial factors such as aspects of Environmental, Social and Governance (ESG) are an integral part of our due diligence process. We believe that management who have a proven focus on ESG ultimately build stronger companies which endure over the long term. Therefore, our Investment Managers have created individual ESG mechanisms which can be accessed below. Having these mechanisms has enabled us to better understand the ESG characteristics of investee companies and their peers prior to investment and throughout the monitoring process. Our ESG policies and methodologies are expected to evolve and mature over time as we progress along our ESG journey together with our investee companies.