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When we’re approaching the ESG issue within the concentrated global portfolio, we really think about these key issues of [whether] we want to be in this business with these people. And the “in this business” is very much the E and the S, the environmental and social, and “with these people” is very much the governance.
So, if you’re a quality investor, you’ve been asking a lot of those questions historically, and we continue to do so as ESG becomes a little more formalized and we have discussions with our clients