Aoris Investment Management is a boutique, active equity manager focussed on managing a single global equities strategy. We describe ourselves as quality-first value investors. We invest in a single portfolio of 15 highly profitable, market-leading, growing businesses that meet our demanding quality, value and resilience criteria. We believe businesses that are good stewards of the environment (E), operate for the benefit of all societal stakeholders (S) and are soundly governed (G) will be more successful than their peers. We also believe this success will prove to be more durable. As such, environmental, social and governance (ESG) affects both the risk and the expected returns of the individual businesses we evaluate for our portfolio. For this reason, ESG considerations are integrated into our investment ownership decisions. Transparency is a core principle of Aoris. Since inception, we have disclosed all our portfolio holdings at the end of every month. We endeavour to maintain and elevate this through transparency into our voting and engagement actions, which are published in our Annual Responsible Investing and Active Ownership Report.