Print Friendly, PDF & Email

Pax Small Cap Fund Company Examples

At Pax World, we fully integrate environmental, social and governance (ESG) factors into investment analysis and portfolio construction. The result, we believe, is an increased level of scrutiny that helps us construct investment portfolios made up of better-managed companies that are leaders in their industries, meet positive standards of corporate responsibility and are more focused on the long term.

Here are companies in the Pax Small Cap Fund that we believe are taking advantage of sustainability-related opportunities, or taking appropriate steps to address key ESG issues:

Comfort Systems USA, Inc. (FIX)

Comfort Systems provides heating, ventilation, and air conditioning system installation, maintenance, repair, and replacement services.

The company’s services, such as maintenance on and replacement of existing air systems with modern, energy-efficient systems, help reduce a building’s energy costs and improve the environment within a designated area.

Comfort Systems is an Energy Star® partner, a member of the U.S. Green Building Council, and employs LEED®–accredited professionals. The company also discloses information about its occupational health and safety programs. These include a focus on company-wide accident prevention that goes beyond OSHA compliance, including benchmarking and tracking of workplace safety and automobile accidents.

Hain Celestial Group, Inc. (HAIN)

Hain Celestial is a leading organic and natural products company. The company is committed to growing sustainably while continuing to implement environmentally sound business practices and manufacturing processes. All of its facilities have adopted Good Manufacturing Practices (GMP) and are Hazard Analysis and Critical Control Points (HACCP) approved. In addition, the company has strong policies for responsible sourcing of paper, fish and palm oil. For example, Hain Celestial is a member of the Roundtable on Sustainable Palm Oil (RSPO) and over 90% of the palm oil used in its global foods portfolio is obtained through RSPO-certified physical supply chains. Lastly, the company is well-positioned to respond to the demand for products that support a healthier lifestyle, offering non-GMO, organic, low-calorie, low-fat, and low-sugar products.

Power Integrations (POWI)

Power Integrations, Inc. (POWI) designs, develops and markets analog and mixed-signal integrated circuits and other electronic components and circuitry used in high voltage power conversion. We believe the company is well positioned to take advantage of opportunities associated with clean technology. Power Integrations’ “EcoSmart Technology” improves the energy efficiency of electronic devices during normal operation as well as standby and “no-load” conditions, helping the company’s customers meet the increasingly stringent efficiency standards that have been adopted around the world for many electronic products.

We are encouraged by the progress of these companies as they make their operations more sustainable, but we recognize that more can be done. That’s why we engage with companies on sustainability issues, and ask for information about policies, programs and performance data.

Pax Small Cap Fund Top Ten Holdings
(As of 10/31/2018)

Holdings are subject to change.