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Responsible Investing

In-house Fundamental ESG Approach

At Global Alpha, we believe companies that operate with sound environmental, social and governance (ESG) practices provide better investment opportunities.

As part of our ongoing bottom-up research, we incorporate ESG strategies into our overall investment process.

  • Quality screening – use measures of profitability, revenue growth and balance sheet strength. Global Alpha does not use negative screening.
  • Investment themes selection – helps the team focus on companies expected to benefit from long-term secular growth trends consistent with ESG compliance.
  • Quality analysis – calculate an ESG score for each individual company through the internal collection of key ESG data points. Raw data on activities and products is gathered through various sources such as company websites, reports, meetings with management teams and our own ESG questionnaire
  • Valuation – incorporate score into valuation tools through adjustments to discount rates.


United Nations – Principles of Responsible Investing (UNPRI)

In October 2012 we became a signatory to the United Nations – Principles of Responsible Investing (PRI) initiative, focusing on incorporating ESG factors into stock investment criteria.

Responsible Investment Association (RIA)

The Responsible Investment Association (RIA) of Canada is an association whose members believe that ESG issues should be factored into the selection and management of investments. In 2015 Global Alpha became a member of the RIA.

The Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD)

The TCFD’s mission is to develop voluntary, consistent climate-related financial risk disclosures for companies to use when providing information to investors, lenders, insurers and other stakeholders. In April 2019 Global Alpha became a TCFD supporter.

Global Alpha ESG Guidelines and Analysis Documents

Responsible Investment Report

TCFD-Aligned Report

Global Small Cap Strategy Climate Impact Assessment Report

International Small Cap Strategy Climate Impact Assessment Report

International Micro Cap Strategy Climate Impact Assessment Report

US Small Cap Equity Climate Impact Assessment Report

Proxy Voting Policy

Remuneration Guidelines

Responsible Investment Policy


Jun 26, 2018

Is ESG integration important in small cap investing?

Global Alpha Capital Management’s Portfolio Manager, Qing Ji, believes it is important and discusses why and how the Global Alpha team incorporates ESG into its research process.

Download a copy of the presentation

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