1. Socially Innovative Investing Strategy (S2I) Executive Summary

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3. Socially Innovative Investing Strategy (S2I)
Strategy Overview
Three Pillars of the Framework (and sample data points)
The S2I Strategy is rooted in Harvard Professor Michael Porter’s Principle of Shared Value - Policies and management practices that simultaneously enhance the performance of a company while addressing social concerns around the environment, corporate citizenship and human capital engagement.
The strategy entails the rigorous and constant review of 46 trademark pending social criteria ranging from diversity and gender issues to access to education and environmental stewardship, that are then strategically weighted and combined with U.S. Trust Macro and Market Strategy within U.S. Trust sector themes to create a diversified* portfolio of socially responsible companies.
Human Capital Engagement
Pay gap
Employee ownership
Health and wellness
Development and education
Diversity and inclusion
Non-predatory marketing
Product Quality
Facility location
Environmental Stewardship
Green house gas reduction
Renewable energy use
Emissions, effluents and wastes
Recycling programs
Materials sourcing
Carbon off-setting programs
Corporate Citizenship
Examples of community engagement
Community investment
Corporation giving
Employee volunteerism
Community impact policies
Step 1 Screen investable universe using S2I Model
Step 2 Deploy U.S. Trust Thought Leadership global investment themes
Step 3 Construct portfolio of socially innovative and fundamentally attractive securities
Two Part Social Due Diligence Process
Investment Process
Policy Review
Policies governing human capital engagement, environmental stewardship and corporate citizenship and philanthropy are reviewed, benchmarked by sector and scored. These criteria have been selected based on our analysis that they are strong indicators of good management and predictors of long-term value creation.
Performance Accountability Review
The policies and claims made by the corporations described and evaluated in the adjacent section are reviewed and scored according to their efficacy and accuracy. If a corporation professes to be a steward of the environment, this behavior should be reflected in their lack of fines and penalties paid to the EPA.
Universe: S&P 500
Screening criteria:
Policy Review 14 factors, 3 categories, 26 unique data points
Performance Review 18 factors, 2 categories, 20 unique data points
Utilize inputs from:
U.S. Trust Macro and Market Strategy
U.S. Trust Investment Strategy Committee
Internal and external analysts
U.S. Trust portfolio managers
Financial databases
Construct portfolio of securities
Deploy U.S. Trust Sector Themes (Over Weight/Under Weight)
Equal weighted purchase within sector
Adherence to U.S. Trust position limits
*Diversification does not ensure a profit or guarantee against loss.

4. Accessing the social innovation framework at U.S. Trust
S2I Social Due Diligence
US. Trust Thought-Leadership Themes
U.S. Large Cap Equities
SMA Model Account ($100m)
30-80 securities managed to U.S. Trust thought-leadership themes
SMA Custom Account ($3mm)
Client directed screening, portfolio construction and tax considerations
U.S. Corporate Fixed Income
SMA Model Account ($1mm)
30 issues – U.S. Trust credit and duration guidelines
SMA Custom Account ($5mm)
Client directed social screens, credit guidelines, duration and yield preferences
PROCESS
IMPLEMENTATION