Pendal Global Select Fund - Class R

Responsible Investing Approach

The Fund's investment decision making approach is described as "Beyond ESG" because they also focus on the "externalities, intentionality, materiality and transformation" of their investments, as well as the "internalities" of the traditional ESG integration approaches. They view system level sustainability as both an important goal and macro megatrend, and accordingly focus on portfolio companies' exposure and contribution to positive external and internal change. This can include transformations in a company's own products, services or operations, or the role that they play in enabling others to improve their impact on the system. They treat ESG and sustainability factors in a similar way to how they treat all other fundamental variables - focusing on both the actual level and the rate of change.