Client Login Romark FIRM TEAM STRATEGIES RESPONSIBLE INVESTING KNOWLEDGE CENTER CONTACT US RESPONSIBLE INVESTING OVERVIEW TCFD COMMITMENT PRI ASSESSMENT ESG NEWSLETTER ESG POLICY ENVIRONMENTAL SOCIAL AND GOVERNANCE PHILOSOPHY OVERVIEW OUR PHILOSOPHY We view ESG considerations as a critical investment tool, contributing to the research and management of leveraged finance investments. Our deep and talented team integrates ESG factors throughout the investment, portfolio construction and risk management process with rigor and discipline. In addition to this embedded approach, we are able to provide clients with customized ESG and SRI solutions to meet their investment objectives. In the quest for capital preservation and long-term investment gains, we view the integration of our ESG Principles in our investment process as a critical risk mitigation tool, which is closely monitored by our risk team. OUR ESG PRINCIPLES ESG factors are considered when making investment decisions. ESG issues can have a direct impact on profitability, cash flow and an issuer’s ability to pay back debt in a timely manner and, therefore, are a critical part of investment analysis. ESG factors are not “stand-alone” but are integrated into Shenkman’s disciplined and structured investment process. The ability to constructively engage with management teams and equity sponsors is a core principle of Shenkman’s investment philosophy. We have a long track record of integrating ESG factors across our broad leveraged finance platform and building customized solutions, including tailoring to client specific SRI objectives, since 2002. While ESG analysis has been included in our firm’s discipline for many years, we have recently become PRI signatories and have worked to systematize the ESG process across the organization. TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (“TCFD”) Shenkman encourages companies to improve transparency and supports the efforts of the TCFD to increase disclosure of climate-related issues. In order to improve the ability to incorporate data into the research process, we believe the standardization of information is critical. Through our support of the TCFD, we hope that these standards continue to gain adoption from corporate borrowers and broadly increase transparency in the industry. For additional information please refer to the TCFD website: https://www.fsb-tcfd.org/. PRI ASSESSMENT Shenkman became a signatory to the Principles for Responsible Investment (PRI) in August 2017 and, as a result, we are required to submit a report on our responsible investing activities on an annual basis. 2019 (for calendar year 2018) was our first required reporting year. The PRI publishes a public version of our annual questionnaire (Transparency Report), which is available here: https://www.unpri.org/. ACCORDING TO THE PRI, THE ANNUAL REPORTING ENSURES: Accountability of the PRI and its signatories A standardized transparency tool for signatories’ reporting That signatories receive feedback from which to learn and develop SHENKMAN'S 2020 PRI ASSESSMENT There is no overall score, rather, Shenkman was scored on the following modules: (i) Strategy & Governance; (ii) Fixed Income – Corporate Financial; (iii) Fixed Income – Corporate Non-Financial; and (iv) Fixed Income – Securitised. Scores range from A+ to E and PRI publishes a median score of all responders of each module. Shenkman’s score, and the median score, for each module is described below: MODULE NAME SHENKMAN SCORE MEDIAN SCORE Strategy & Governance A A Fixed Income - Corporate Financial A B Fixed Income - Corporate Non-Financial A B Fixed Income - Securitised A B Shenkman is committed to incorporating all factors that could potentially impact the value of an investment. We remain engaged in the ESG space -- as a PRI signatory, maintaining dialogue with our clients, educating our team members and continuing to evaluate best practices for responsible investing. ESG NEWSLETTERS 2021 2020 2019 2018 SEPTEMBER 07 Increasing Discussions on Negative Screening and Alternative Approaches MAY 17 Getting Better FEBRUARY 03 Post-Election ESG Policy Outlook FIRM OVERVIEW PHILOSOPHY PROCESS HISTORY FOUNDER'S LETTER TEAM EXTRAORDINARY PEOPLE LEADERSHIP STRATEGIES PRODUCT OFFERINGS MUTUAL FUNDS UCITS FUNDS RESPONSIBLE INVESTING OVERVIEW PRI ASSESSMENT ESG NEWSLETTER ESG POLICY KNOWLEDGE CENTER MARKET PERSPECTIVE UNDER THE SCOPE WHITE PAPERS PUBLICATIONS NEWS CONTACT US LOCATIONS EMAIL FORM © 2021 SHENKMAN CAPITAL MANAGEMENT, INC. ALL RIGHTS RESERVED. FORM ADV 3 DISCLOSURES PRIVACY NOTICES COOKIE PREFERENCES TERMS OF SERVICE