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☆ Activist Impactive sees an opportunity to build value with an ESG tilt at Concentrix
▼ + stars: | 2023-10-28 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Concentrix provides technology-infused customer experience (CX) solutions and runs customer service for 2,000 customers globally. They are the second largest outsourced CX company globally and provide CX process optimization, technology innovation, front- and back-office automation, analytics and business transformation services. Activist Commentary: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar. Impactive Capital is an active ESG (AESG) investor that launched with a $250 million investment from CalSTRS and now has almost $3 billion. Concentrix, the second-largest outsourced CX company globally, is a high-quality business.

Persons: Lauren Taylor Wolfe, Christian Alejandro Asmar, Wolfe, Asmar, Impactive, Concentrix, Ken Squire Organizations: CX, Impactive, Concentrix, 13D Locations: Impactive, CalSTRS, Asia, Caribbean, United States

☆ Impactive takes a stake in Clarivate and sets the tone for activism in the post-SPAC world
▼ + stars: | 2023-05-06 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Business: Clarivate is a global information, analytics and workflow solutions company. Activist Commentary: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar. Impactive Capital is an active ESG (AESG) investor that launched with a $250 million investment from CalSTRS and now has over $2.5 billion. Impactive focuses on positive systemic change to help build more competitive, sustainable businesses for the long run. As with many SPAC companies, there were valuation, corporate governance and compensation incentive concerns at Clarivate.

☆ Envestnet names three new directors, ends board fight with Impactive Capital
▼ + stars: | 2023-03-28 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Longtime banking executive Barbara Turner, veteran board member Wendy Lane and Lauren Taylor Wolfe, the co-founder of Impactive Capital, joined the board in the last days. Envestnet, which provides technology and automation software for financial advisors and banks, also said it will suggest that all of its directors stand for election every year. "These appointments were informed by Envestnet's ongoing dialogue with shareholders as we continue to execute on our strategic plan to deliver enhanced value to shareholders," James Fox, Envestnet board chairman, said in a statement. Impactive, founded by veteran investors Taylor Wolfe and Christian Asmar, owns a 7.5% stake in Envestnet and in January nominated four director candidates to the board. Impactive blamed poor profit margins and capital allocation for Envestnet's underperformance and said its management and board directors were overpaid.

☆ Impactive Capital nominates four directors to Envestnet's board
▼ + stars: | 2023-01-04 | by ( Anirban Sen | ) www.reuters.com time to read: +2 min

Impactive Capital, which holds a 7.5% stake in Envestnet, nominated two men and two women, including its co-founder Lauren Taylor Wolfe, to Envestnet's board. Impactive Capital said it unveiled the challenge to Envestnet after its attempt to negotiate just one spot on the company's board for Wolfe was unsuccessful. In its statement, Impactive Capital cited poor profit margins and bad capital allocation among the reasons for Envestnet's underperformance. It also said Envestnet's management and board directors were overpaid and that the company should improve its corporate governance by putting all of its directors up for election every year. Impactive Capital, which was founded by Taylor Wolfe and Christian Asmar, oversees $2.7 billion in assets.

☆ Impactive Capital takes an unprecedented step to seek change at Envestnet. This is what could happen next
▼ + stars: | 2022-11-19 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Activist Commentary: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar. Impactive wants board representation to get Envestnet to better align pay for performance, refocus on capital allocation and bolster long-term shareholder value. Anyone with any understanding of Impactive, Envestnet's performance and the incumbent board would know that Impactive is sure to get at least one board seat in a proxy fight. Impactive offered one of eight with no incumbent losing a board seat. Squire is also the creator of the AESG™ investment category, an activist investment style focused on improving ESG practices of portfolio companies.

☆ EXCLUSIVE Activist Impactive eyes proxy fight at Envestnet amid sluggish stock price
▼ + stars: | 2022-11-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Impactive is now ratcheting up the pressure on Envestnet, which provides technology and automation software for financial advisors and banks. In a letter to the board, seen by Reuters, Impactive wrote it sees "no choice but to consider nominating a slate of directors" to help correct a string of failures, including a sluggish share price. Impactive criticized the board for failing to evaluate what the returns would be on the spending. But Envestnet roundly rejected Impactive's earlier suggestions that Wolfe join its board, saying she is "not a good fit." Impactive disagrees and wrote that its record on boards has spanned years and "led to over 30% annualized returns for Impactive."

☆ ESG without returns is simply not sustainable, says Impactive Capital's Lauren Taylor Wolfe
▼ + stars: | 2022-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailESG without returns is simply not sustainable, says Impactive Capital's Lauren Taylor WolfeImpactive Capital's Lauren Taylor Wolfe joins 'Squawk on the Street' to share the guiding principals behind the firm's ESG investment strategy, which focuses on long-term profitability and growth.

☆ Impactive's Lauren Taylor Wolfe says this misunderstood company is benefiting from the EV trend
▼ + stars: | 2022-10-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Impactive Capital's Lauren Taylor Wolfe sees value in payments company WEX , saying investors are misjudging its role in the electric vehicle trend. WEX is a payments provider for corporate vehicle fleets. While its shares are outperforming the market with a 1% gain on the year, Impactive's co-founder and managing partner said the company is still undervalued. Wolfe said the market perceives that the current EV acceleration means lower revenue to be generated from WEX's fleet segment, which drives 60% of earnings. Last year, WEX announced a partnership with EV-charging network company ChargePoint to provide integration of EV charging for mixed fleets that include internal combustion engine vehicles.

NEW YORK, Oct 18(Reuters) - Impactive Capital continues to engage with WEX Inc (WEX.N) to bolster the payments company's fortunes, including using depressed valuations across the financial technology space to make beneficial acquisitions, the activist's managing partner said on Tuesday. The firm has been a shareholder since early 2021 of Portland, Maine-based WEX, which provides payments solutions and virtual cards to businesses including travel, fleet and healthcare. "Private and public company market valuations have come back down to earth and many payments companies are in desperate need of cash," Taylor Wolfe said. "We expect companies like WEX to be able to pounce on compelling acquisition opportunities in the coming years." Register now for FREE unlimited access to Reuters.com RegisterReporting by David French and Svea Herbst-Bayliss Editing by Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

☆ There's an ESG backlash inside the executive ranks at top corporations
▼ + stars: | 2022-09-29 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +8 min

Only 25% of CFOs surveyed by CNBC support the SEC's climate disclosure proposal, according to the survey. More than half (55%) of CFOs are opposed to the SEC climate rule, and 35% say they "strongly oppose" it. Proving climate materialityA critical issue for CFOs with the new SEC climate disclosure is the lack of a clear correlation between the climate data and financial statements. The first task for CFOs on climate disclosure, Clayton says, is to be candid with investors and stakeholders about this disconnect. "We are not blanket defenders of ESG," said Martin Whittaker, founding CEO of ESG research nonprofit Just Capital, which releases an influential ranking of top companies on ESG annually.

☆ ESG without returns is 'simply not sustainable,' says investor Lauren Taylor Wolfe
▼ + stars: | 2022-09-28 | by ( Pippa Stevens | ) www.cnbc.com time to read: +3 min

But for Impactive Capital co-founder and managing partner Lauren Taylor Wolfe, it all comes back to financial performance. "We believe that ESG without returns is simply not sustainable," she said Wednesday at CNBC's Delivering Alpha conference. Even if returns aren't the sole focus of an investment vehicle, sustainable investing can still generate alpha for investors. When it comes to applying an ESG lens to public market investing, Impactive Capital's Taylor Wolfe said investors need to be creative around how ESG is used to drive returns. She added that the recent market turmoil could spark a reset of sorts within the sustainable investing landscape.

☆ The Sharpe Angle: Lauren Taylor Wolfe says pushback against ESG investing is 'simply too risky'
▼ + stars: | 2022-09-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Sharpe Angle: Lauren Taylor Wolfe says pushback against ESG investing is 'simply too risky'According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity combined with a global energy crisis has the sector facing increasing polarization. Critics worry that capital dedicated to ESG investments will further one value system at the expense of others. Lauren Taylor Wolfe co-founded Impactive Capital, an activist investment management firm focused on ESG investing for the long run. She sat down with CNBC's Leslie Picker to share why she thinks bans on ESG investing could be too risky and how understanding environmental, social, and governance risks is ultimately good for businesses.

Lauren Taylor Wolfe co-founded Impactive Capital, an activist investment management firm focused on ESG investing for the long run. We've seen a lot of pushback come from some politicians and I think that's simply too risky. Understanding environmental risks and social risks is simply good fundamental analysis and it's simply good investing. We have too many managers, CEOs and boards focus on hitting their quarterly or annual figures and we believe that there's true opportunity to focus on long term returns, long term IRRs. And I think smart ESG initiatives is simply good business.

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