On December 3, 2018, Tony spoke at the Morgan Stanley SDG Investor Seminar. (The SDGs are the UN’s Sustainable Development Goals.) Tony discussed how Inherent integrates the SDGs into our investment process, primarily using them as a way to identify investment ideas aligned with critical global megatrends. He also explained how the firm maps its portfolio to the SDGs. In addition, Tony described how the firm also uses ESG factors primarily to identify ways in which companies can improve their operational performance over time.