Our primary benchmark is the Morgan Stanley World Index, including dividends, net of applicable foreign withholding taxes. We chose the MSCI World because it’s widely used for global equity funds. We also track less-widely used environmental indexes to give a clearer picture of value added through security selection. The most reflective of our investment philosophy is the Cleantech Index (CTIUS).
Different from SRI/ESG strategies.
We focus exclusively on environmental and efficiency attributes, and do not screen for social and governance factors. So our approach does not direct capital to environmentally destructive industries such as mining companies, chemical manufacturers and high GHG emitting power generators that are often found in SRI/ESG portfolios.