Intermede integrates ESG analysis into the research conducted by our investment team on all current and potential portfolio holdings, and we engage with companies directly on specific issues where appropriate. The portfolio maintains a positive profile when assessed through an ESG lens, both because we actively seek to invest in high quality, well-managed businesses that maintain stable growth and high returns (a subset which we find tend to maintain strong ESG practices), and also because we typically maintain a zero weighting in the most carbon intense sectors (including energy and mining), and formally exclude investments in tobacco, thermal coal, and controversial weapons. Intermede has been a PRI signatory since 2017.