Morrison believes that environmental, social and governance (ESG) issues play a vital role in NZ and Australia, and further afield. In March 2010, we became a signatory to the UN Principles for Responsible Investment. We are committed to the implementation of the Principles in our operations. ESG analysis is an integral part of due diligence before Morrison & Co recommends an investment. Following investment, Morrison & Co will engage with the investee companies to implement ESG practices.
While some of our mandates are global in nature we have avoided countries where political risk and corruption represent material risk. As a guide we use the OECD Consensus Country Classifications. Currently, all our investments, without, exception, are in the highest quality category.
We believe that ESG issues will positively affect the performance of our investment portfolios in the long term.