JUST Alpha

This report explores how investors approach HCM data, the challenges posed by limited disclosure, their view on the materiality of HCM data, and how they navigate these barriers in their stewardship and engagement practices.

This report aims to capture the essential elements investors look for when they consider forward-thinking stewardship in their investments, and the challenges they face now and, potentially, in the future.

As Henry Ford said, “If everyone is moving forward together, then success takes care of itself.”  

As of September 30, 2024, our flagship index – the JUST U.S. Large Cap Diversified Index (JULCD) has out-performed the Russell 1000 (Cap-Weighted) benchmark by 0.46% year-to-date and by 11.97% since its inception. Here’s how we did in Q3, 2024.

Analysis released by Bain this week, which notes that his portfolio companies are predominantly in the top half of a global universe of 1,300 companies measured on employee, community and customer performance criteria, with one-third in the top quartile. I

This week, we saw some powerful numbers that support the investment case for just business leadership. 

As of June 30, 2024, our flagship index – the JUST U.S. Large Cap Diversified Index (JULCD) – has out-performed the Russell 1000 (Cap-Weighted) benchmark by 1.51% year-to-date and by 13.78% since its inception. Learn more.

As of March 29, 2024, our flagship index – the JUST U.S. Large Cap Diversified Index (JULCD)  – has outperformed the Russell 1000 (Cap-Weighted) benchmark by 0.346% year-to-date and by 10.7% since inception.

As of March 29, 2024, our flagship index – the JUST U.S. Large Cap Diversified Index (JULCD) has out-performed the Russell 1000 (Cap-Weighted) benchmark by 0.35% year-to-date and by 10.7% since its inception.

With the pushback on ESG and ‘woke’ companies now maturing, there is room in America today for a more objective, data-driven framework that supports values-led business leadership.

Capitalism, it seems to me, is undergoing a transformation, not unlike Charles Dickens’s famed Christmas creation, Ebenezer Scrooge. The question is whether its future will be different from its present and its past.

Can JUSTness be used to identify performance leaders within negative earning companies? According to our recent analysis, among the negative earners in the Russell 1000, JUST leaders have outperformed laggards by almost 40% since January 2020.

Companies that create value for both workers and the environment also generate value for shareholders.

Concepts feature companies in the top 20% of our Rankings and demonstrate that investors need not sacrifice returns to support companies doing right by all their stakeholders.

Companies that publicly disclose the intersectional demographic data found in an EEO-1 report outperformed their peers by 7.9% over the trailing one-year period ending in 2022.

The idea that ESG is a major cause of inflation and hurting the American people is spurious. JUST data suggests that the opposite is true: that companies pursuing stakeholder leadership not only help workers cope with the effects of inflation, they also drive higher returns for investors.

USA Financial has developed four strategies with AUM that more than doubled from Dec. 2021-22, and one generated an alpha of 65.45% since inception.

As corporate bonds look more attractive, JUST rankings can offer insights alongside credit ratings.

Q4 ended a rough year for the stock market, but we found that high scores across all five stakeholders we track resulted in market outperformance.

JUST Capital’s Head of Investor Strategies, Cambria Allen-Ratzlaff, appeared before a U.S. House Committee on Financial Services subcommittee to explain how our work is guided by the public and aligns with investors’ interests.

As COP27 begins and fossil fuel companies take in massive profits, we took a look at how the top performing energy companies in our Rankings compare to the lowest performing.

In JUST Capital’s Quarterly Review of Stakeholder Performance – Q3 2022, we found that companies with strong Workers scores outperformed peers in a challenging environment.

Even in challenging economic headwinds, companies performing well in JUST’s Rankings are demonstrating that following through on values does not mean sacrificing returns.

We broke down market performance for each of the companies in our Rankings, and found that the “most just” outperformed those at the bottom of the list generally and across four of five stakeholders we measure.

Cambria Allen-Ratzlaff explains how she’s bringing her career in corporate governance and asset management to her role at JUST.