Environmental, Social and Governance (ESG)

AQR is committed to helping our clients achieve their ESG goals. We seek to integrate ESG in both our asset selection and ownership decisions, guided by the responsible investment framework we collaborated with the UN Principles for Responsible Investment (PRI) to create and overseen by our ESG Steering Committee.

 

Responsible Asset Selection

Across the firm: AQR has used ESG-related signals in our investment models since inception in 1998; we believe that incorporating such signals provides a more holistic view of a given company. Over 80% of AQR AUM is ESG-related.* 

Dedicated ESG solutions: Our “Sustainable” process seeks to statically and dynamically excludes stocks with the largest ESG risk exposures (we actively short these names where appropriate), at the same time targeting a higher ESG score than the benchmark. We can combine this process with climate-awareness, reducing portfolio carbon intensity. AQR manages $15bn+ in these solutions, including portfolios customized for other client-specific ESG priorities.*


Responsible Ownership

Transparency is a primary focus of AQR’s stewardship activities, and our engagement is undertaken at the firm level. We engage directly with portfolio companies on a number of issues, both proactively (engaging with our top firmwide holdings with current ESG concerns, in the interest of greater transparency and disclosure) and reactively (selective engagement with portfolio company management on certain proxy issues). We also partner with peers and clients on issues that we feel are best addressed through collaborative engagement and pursue research into other areas where active ownership may exert positive influence on corporate transparency and disclosure of ESG issues.

We seek to align proxy voting with long-term value creation, including on ESG issues. We vote using a Sustainable policy in all of our applicable commingled funds and can customize proxy voting in separate accounts to meet client needs.

AQR employees publish frequently on ESG. Explore over 20 years of ESG-related insights here.

 

ESG at AQR

In this video introduction, we discuss the basics of ESG investing and how we incorporate ESG information into our strategies at AQR.

A responsible investment framework from AQR and UN PRI: 

* Approximate as of December 31, 2019, includes assets managed by AQR and its advisory affiliates. (ESG-related is defined as incorporating ESG-related signals and/or ESG exclusions.)

Investment in any of the funds described on this website carries substantial risk, including the possible loss of principal. There is no guarantee that the investment objectives of the funds will be achieved and returns may vary significantly over time. Investment in the funds described on this website is not suitable for all investors. Not all funds or share classes are available to all investors.

Fund offering documents contain risk warnings that are specific to each fund. Investors should only invest in a fund once they have thoroughly reviewed the prospectus and Key Investor Information Document (“KIID”) for the fund and carefully considered the relevant investment objectives, risks, charges and fees. Investors may wish to consult an independent financial advisor for personal and specific investment advice before investing.

Umbrella Fund:
The Fund is a sub-fund of AQR UCITS Funds, a Luxembourg based UCITS of which the management company is FundRock Management Company S.A.

The information contained on this website is for informational purposes only and does not constitute an offer or invitation to buy, sell or otherwise transact in any security. The information on this site is directed only at persons or entities in any jurisdiction or country where such access to information contained on this website and use of such information is not contrary to local law or regulation. Accordingly, all persons who access this website are required to inform themselves of and to comply with any such restrictions. The prospectus, KIID and the latest periodic reports for each fund are available free of charge.

Past performance does not guarantee future results.

This document is a marketing document in the European Economic Area (“EEA”) and approved as a Financial Promotion in the United Kingdom (“UK”). It is only intended for Professional Clients.

Information for clients in the United Kingdom
The information set forth herein has been prepared and issued by AQR Capital Management (Europe) LLP, a UK limited liability partnership with its office at Charles House 5-11, Regent St., London, SW1Y 4LR, which is authorised and regulated by the UK Financial Conduct Authority (“FCA”).

Information for clients in the EEA
AQR in the European Economic Area is AQR Capital Management (Germany) GmbH, a German limited liability company (Gesellschaft mit beschränkter Haftung; “GmbH”), with registered offices at Maximilianstrasse 13, 80539 Munich, authorized and regulated by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, „BaFin“), with offices at Marie-Curie-Str. 24-28, 60439, Frankfurt am Main und Graurheindorfer Str. 108, 53117 Bonn, to provide the services of investment advice (Anlageberatung) and investment broking (Anlagevermittlung) pursuant to the German Securities Institutions Act (Wertpapierinstitutsgesetz; “WpIG”). The Complaint Handling Procedure for clients and prospective clients of AQR in the European Economic Area can be found here: https://ucits.aqr.com/Legal-and-Regulatory