Our investment philosophy is built on the belief that primarily, we are an allocator of capital and secondly, that the economics of a business drives long-term investment returns. Within this, ECP is committed to responsible investment and we believe that environmental, social and corporate governance (ESG) factors can have a material impact on long-term investment outcomes. The consideration of ESG factors is part of our investment decision-making process and is fully integrated through our PEST framework and our detailed due diligence on management.
ECP became a signatory to the United Nations-backed Principles for Responsible Investment Initiative (PRI) in 2016. The principles for responsible investment provide guidance on how we can integrate the consideration of ESG factors into our investment decision-making and ownership practices. We are committed to applying the principles in our investment processes.