A nonprofit client with a healthy endowment fund whose mission includes promoting land conservation wanted to be educated on potential ways to express these values in its investment portfolio. The investment committee was fielding questions from multiple stakeholders, each with a different perspective.

Fiduciary led several discussions with the investment committee to pinpoint exactly what mattered to the organization and presented multiple options for incorporating these values into the investment portfolio. Through a series of interactive sessions, it became clear that a generic environmental, social, and governance (ESG) solution was too broad to be effective for this client. Instead, we drilled down into underlying factors to hone in on specific issues they cared about and examined the costs and benefits of altering the portfolio to accommodate them.

We documented the process and added the conclusions to the investment policy statement so it was clear to all stakeholders how the committee arrived at its decision.