We believe the status quo in business today is focused on short-term results. We believe that companies that take this approach and focus on profit first and at the expense of all else are unsustainable over the long-term. We believe that there’s a better way to do business focused on creating value for all stakeholders, not just shareholders.
We believe in the power of conscious capitalism as a method of creating superior and sustainable long-term value. At Satori, the tenets of conscious capitalism are central to our thinking throughout all phases of our investment process; these tenets inform us during investment sourcing and due diligence, and they guide us as we work with our portfolio companies to help them achieve their vision.
At the core of conscious capitalism is an emphasis on a company’s mission and purpose, a stakeholder-centric approach to doing business, and a long-term perspective.
There is a great deal of support, both in theory and in practice, for the integration of sustainability factors into investment analysis and decision-making. Recently, Goldman Sachs, through its GS Sustain effort, began integrating a sustainability framework within its equity research. Additionally, “Firms of Endearment,” defined as those companies that explicitly take a stakeholder-centric approach, returned 1,025 percent over a 10-year period, compared to 122 percent for the S&P 500 during the same period.