At Merlon we focus on assessing the sustainability of a company’s free cash flow because we believe that is the basis on which companies should be valued.
We believe that ESG factors play a key role in determining the sustainability of a company’s free cash flow and we assess every investment with ESG factors in mind. We incorporate ESG considerations both in our fundamental analysis and our valuation assessment.
ESG integration in our investment process
For further detail on how we incorporate ESG in our investment process please refer to our ESG Policy