Roundhouse seeks to make investments in companies and funds that have a positive impact on communities and workers. We consider factors such as: positive track record of worker rights, employee ownership options, pay equity policies, strong employee benefit programs, policies and programs that support recruitment, retention and development of women, individuals who self-identify as part of the LBGTQIA+ community or people of color, strong relationships within the communities in which the companies and subsidiaries work, including generous corporate giving and community outreach programs.
We believe all investments have impact – our goal is to ensure the impact of our investments is positive. We, therefore, integrate an ESG (Environmental, Social and Governance) impact analysis across the investments we make in all asset classes. For example:
In the public equities asset class, we work with asset managers that analyze corporate practices related to ESG factors and who assess material financial risks related to ESG factors. This analysis guides us to work with asset managers who avoid companies with poor ESG track records and invest in companies with positive ESG ratings.
Roundhouse excludes companies that receive a substantial amount of their revenues from: fossil fuels; tobacco; nuclear or conventional weapons; pesticides. We also exclude companies that contribute to major hydro infrastructure projects that have significant negative environmental and social impacts in local communities.
In private equity and venture capital, we intentionally seek to support enterprises that reflect our impact priorities. For example, we support private equity funds that seek to address education disparities; sustainable reuses of natural resources; and technology innovations that will drive us toward a more sustainable economy.
We support real assets strategies that provide capital for the transition from conventional to organic and regenerative farming and that protect vulnerable forests from destructive timber practices.
In the fixed income asset class, we invest in strategies that provide affordable housing in our region; in green bonds that provide capital to support large-scale, environmentally sustainable efforts globally; and in community investment notes that provide capital to small businesses and agriculture projects in Native American communities.
With our cash/cash plus assets, we work with an intermediary that ensures most of our assets are invested through minority-, women- or veteran-owned brokerages. Further, wherever possible RHF invests our assets locally. The Foundation maintains credit card accounts with local community banks and consistently reviews CDs with local banks and credit unions to impact lending on a local level.