The Intersection of Value and Sustainability – Brown Advisory – 2.23.23

Overview:
Title: The Intersection of Value and Sustainability
Date: Thursday, February 23, 2023
Time: 1:00 PM Eastern Standard Time
Duration: 1 hour

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Summary:

Now On Demand

We believe a concentrated portfolio of high quality companies with a sustainable cash flow advantage can provide investors with competitive risk-adjusted returns over a full market cycle. Our focus on the integration of deep fundamental and ESG research together improves our decision making process and provides us with an informational edge that can help drive outperformance over time. Please join portfolio manager Mike Poggi and Katherine Kroll, our Director of ESG Equity Research and Strategy for a discussion on:

  • How we define “value”
  • Our fully integrated sustainability framework that seeks to identify companies with sustainable free cash flow advantages
  • Our approach to valuation and capital discipline

Speakers:
Michael Poggi, CFA Michael Poggi, CFA Large-Cap Sustainable Value, Portfolio Manager Brown Advisory

Mike is the portfolio manager for the Large-Cap Sustainable Value Strategy. He joined Brown Advisory in 2003 as an equity research analyst and has covered multiple sectors and industries with a primary focus on value companies across the market cap spectrum. For the past 13 years, Mike has also been dedicated to the Small-Cap Fundamental Value strategy as an associate portfolio manager while covering the industrial, material and energy sectors.
Katherine Kroll Katherine Kroll Director of Equity ESG Research & Strategy Brown Advisory

Katherine is the Director of Equity ESG Research and Strategy. She is responsible for ESG integration, adoption and research across Brown Advisory’s institutional equity investment strategies. Additionally, she leads the ESG engagement strategy and supports the expansion of sustainable investment solutions at Brown Advisory.

Previously, Katherine was an Investment Specialist for the Large-Cap Sustainable Growth Strategy and a Senior Institutional Sustainable Investing Specialist. She was recognized as SRI’s “30 Under 30” sustainable investing professionals and was a leader of Women Investing for a Sustainable Economy (WISE). Prior to joining Brown Advisory, Katherine led the shareholder advocacy efforts for Green Century Capital Management.

Katherine achieved her MBA from The University of Texas, McCombs School of Business.
John Davis, CFA Moderator: John Davis, CFA Partner – Key Account Director, U.S. Financial Brown Advisory

John is a partner and member of the firm’s U.S. Financial Intermediaries sales team. His primary responsibilities include new business development and distribution with banks, insurance companies and other financial intermediaries. Prior to his current responsibilities, he was responsible for new business development and distribution with registered investment advisors and bank trusts.

John achieved his MBA from Loyola University Maryland, Sellinger School of Business Management.
The views expressed are those of the author and Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.

ESG considerations are one of multiple informational inputs into the investment process, alongside data on traditional financial factors, and so are not the sole driver of decision-making. ESG analysis may not be performed for every holding in the strategy.

All investments involve risk. The value of the investment and the income from it will vary. There is no guarantee that the initial investment will be returned. ESG considerations that are material will vary by investment style, sector/industry, market trends and client objectives. The strategy seeks to identify companies that it believes may have desirable ESG outcomes, but investors may differ in their views of what constitutes positive or negative ESG outcomes. As a result, the strategy may invest in companies that do not reflect the beliefs and values of any particular investor. The strategy may also invest in companies that would otherwise be screened out of other ESG oriented funds. Security selection will be impacted by the combined focus on ESG assessments and forecasts of return and risk. The strategy intends to invest in companies with measurable ESG outcomes, as determined by Brown Advisory, and seeks to screen out particular companies and industries. Brown Advisory relies on third parties to provide data and screening tools. There is no assurance that this information will be accurate or complete or that it will properly exclude all applicable securities. Investments selected using these tools may perform differently than as forecasted due to the factors incorporated into the screening process, changes from historical trends, and issues in the construction and implementation of the screens (including, but not limited to, software issues and other technological issues). There is no guarantee that Brown Advisory’s use of these tools will result in effective investment decisions.

The information relating to the portfolio managers’ prior experience is provided for informational purposes and is not intended to illustrate the capabilities of the team. It is not intended to be, and shall not be construed as being, investment advice. Investment decisions should not be made on the basis of it. Past performance is not indicative of future performance and there is a risk that some or all of the capital invested may be lost. The information contained herein is based on materials and sources that we believe to be reliable. We make no representation, either express or implied, in relation to the accuracy, completeness or reliability of that information. The views expressed are those of the author and Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions.