Aoris considers a company’s management of its environmental and labour resources, as well as its social and ethical behaviour (ESG) to be important factors in our assessment of its quality, and in turn its suitability for investment. Aoris aims to screen out companies engaging in certain activities, such as those we consider to be in structurally declining industries like fossil fuels and tobacco and those whose negative impact on society puts them at risk of adverse regulatory findings such as gambling and social media. Aoris also excludes companies based on their behaviour, such as poor labour and environmental practices. Aoris positively seeks companies they believe exhibit ethical and sustainable behaviour. ESG aspects are ordinarily considered throughout the investment process as part of the fundamental research, investment selection and portfolio construction stages of the process. There is a risk that the companies in the portfolio may not necessarily meet all of the ESG requirements at all times. To help mitigate this risk, Aoris conducts an annual ESG process for all portfolio stocks and portfolio candidates.

A single portfolio of 15 highly profitable, market-leading businesses that meet our demanding quality, value and resilience criteria, run by prudent and capable management.