Justina: For many people, including our clients, impact investing is driven by personal values and a desire to drive positive change. But for us, while generating impact is important, impact investing is first and foremost an investing discipline. Some clients are not explicitly focused on investing for impact, but we still believe they can benefit from managers with the expertise to understand the risks and opportunities that environmental, social and governance (ESG) issues present to shareholder value. We believe asset managers incorporating impact into their investment process can reduce portfolio risk and enhance returns. Impact issues such as climate change are increasingly relevant to asset pricing, creating many new investment opportunities and risks. Just as important, we think companies that operate in a sustainable manner have lower operational risk.