ESG is in Our DNA

What is ESG?

ESG refers to an analysis of material environmental, social, and governance (ESG) factors that can impact a company’s investment potential and risk profile.

For some investors, ESG is about values, for others it’s about value. For us, it’s about both.

 

Environmental, Social, Governance

Values or Value?

Investors use ESG for different reasons:

 Business

  • Protect the dividend
  • Long-term investment strategy
  • Enhanced risk assessments

 Values

  • Ethical and/or religious perspectives
  • Improve business and market practices

 Legacy

  • Impact on next generation
  • Stewardship of assets

 Environment

  • Concerns about pollution and resource management
  • Sustainable business models

 Social

  • Recruitment/retention of a competitive, diverse, talented workforce
  • Good corporate citizenship

 Governance

  • Protection of shareholders
  • Best-practices management and board selection
helix

Sustainable Income Opportunities

Since the launch of our first strategy in 1991, Miller/Howard Investments has integrated ESG criteria into our investment process.

We take a critical and thorough look at the totality of a company, which includes both detailed financial analysis and robust evaluation of the company’s ESG profile.

Robust
Financial
Analysis
+
Robust
ESG
Analysis
+
Risk
Assessment
=
Potential Income Growth

ESG Analysis and Integration

ESG + Income

An Integrated Approach to Investing

ESG in the Real World

What is the company’s strategy to prevent costly incidents?

Shareholder Engagement

A voice at the table. The power of the engagement is to bring concerns to the attention of company management and other shareholders, resulting in dialogue and/or the redress of concerns.

Our engagement goals:

Engagement outcomes include:

Our ESG Guiding Values

Proxy Voting

We actively review and vote all proxy ballots according to our ESG-aligned proxy voting policy.

Proxy voting is an important opportunity to weigh in on critical corporate governance issues that are put to a vote at a company’s annual general meeting.

We believe that strong ethical management of environmental, human, and financial capital is good for business and investors.

Our Commitment to ESG

We have been a proud signatory to the United Nations Principles for Responsible Investment (UNPRI) since 2007.

Our other partnerships include:

ESG Research & Advocacy Team


Luan Jenifer,
President

Nicole Lee,
Lead ESG Analyst

Patricia Karr Seabrook,
Shareholder Advocacy Coordinator

Daniel Lee,
ESG Research Associate

Disclosure

Investment Products: ARE Not FDIC Insured • May Lose Value • ARE Not Bank Guaranteed

Opinions and estimates offered constitute Miller/Howard Investments' judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. All investments carry a certain degree of risk, including possible loss of principal. It is important to note that there are risks inherent in any investment and there can be no assurance that any asset class will provide positive performance over any period of time. The material may also contain forward-looking statements that involve risk and uncertainty, and there is no guarantee they will come to pass.

The information is from sources deemed to be reliable and is provided strictly for the convenience of our investors and their advisors. These materials are solely informational. Legal, accounting and tax restrictions, transaction costs, and changes to any assumptions may significantly affect the economics of any transaction. The information and analyses contained herein are not intended as tax, legal, or investment advice and may not be suitable for your specific circumstances; accordingly, you should consult your own tax, legal, investment, or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such suitability.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors, and the amount of any dividend may vary over time. Dividend yield is one component of performance and should not be the only consideration for investment.

Investment Decisions: Do not use this report as the sole basis for investment decisions. Do not select an allocation, investment discipline, or investment manager based on performance alone. Consider, in addition to performance results, other relevant information about each investment manager, as well as matters such as your investment objectives, risk tolerance, and investment time horizon.

© 2019 Miller/Howard Investments, Inc. All rights reserved.