Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Governance
• Diversity & Equal Opportunity

Social Achievements

• Implemented a tuition reimbursement policy covering expenses related to CFA®, MBA, and other certification programs to improve subject matter expertise and employee engagement.
• ESG Education Sessions conducted to explore ESG topics.

Governance Achievements

• Established a Climate Policy and Framework for Climate Action.
• Implemented a Business Continuity and Disaster Recovery Plan (BCP).

Climate Goals & Targets

Environmental Challenges

• Physical climate risks (e.g., Boston office location near waterfront)
• Transition risks impacting investments (e.g., coal company revenue loss due to market shift to renewables)
• Climate change impacting municipal and corporate bond issuers (e.g., sea level rise, physical risks)
• Prepayment risk for mortgage-backed securities (MBS) due to natural disasters.

Mitigation Strategies

• Initiatives to manage climate risks in operations, including the BCP.
• Incorporation of climate risk into corporate ESG frameworks and comparables sheets.
• Climate change analysis incorporated into municipal ESG frameworks.
• Assessment of exposure to hurricanes, flooding, and wildfires using third-party data.
• Examination of climate risks during engagement calls for corporates and municipals.
• Investment primarily in agency MBS with low credit risk due to government guarantees.

Supply Chain Management

Responsible Procurement

• Purchases physical goods from B Corporations or other responsible companies when possible.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Sea level rise
• Flooding
• Wildfires

Transition Risks

• Regulatory changes
• Market shifts to renewable energy

Opportunities

• Development of energy-efficient products
• Emerging clean technologies

Reporting Standards

Frameworks Used: GRI, TCFD