Investor Letters

Pzena Investment Management

pzena.com

• Read more on ESG The Sustainability Backlash is Doing Investors a Favor, Just Not the One You Think (2Q 2026) Conversations with chief sustainability officers (CSOs) complement our ongoing engagement with the senior management of the companies we invest in. The current backlash against sustainability is proving unexpectedly useful, separating strategies that create durable business value from those that are more performative. Below we share why these conversations matter now and what they can tell us about long-term shareholder value creation. Read more ↗ Q2 2026 —

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