Companies that have continual and systematic lapses in their treatment of stakeholders are avoided in client portfolios. These screens take into account poor treatment of customers, suppliers, employees, the communities in which they operate, as well as shareowners. Companies with a history of exploitation of minority and economically disadvantaged communities are avoided to the best of our abilities. We are also supportive of measures to improve transparency within companies on these issues as these often have the additional benefit of focusing the minds of management on improvement.
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