Inside Our Impact Portfolio: Why We Invest in Citrix Systems

citrix profile - impact investing- blue background with green beehive

Here’s a look at why Citrix has been part of our impact investing-focused Genus Fossil Free High-Impact fund for over a year now

Headquartered just minutes from the beach in sunny South Florida, where sea levels have been rising at the rate of about an inch per decade along the coast near Fort Lauderdale, Citrix Systems Inc. knows a thing or two about climate change and sustainable solutions.

Citrix has made fighting climate change one of its core missions. Part of that is realized by making a remote workforce not just possible but preferable for companies and their employees—a trend that will continue long after the Covid clouds have lifted.

Making work more sustainable​

Its offerings include server, application and desktop virtualization, networking, software as a service, and cloud computing technologies to over 400,000 organizations around the world. In other words, Citrix Workspace technology allows workers to get the job done from anywhere, using any device—which means less time commuting, smaller workplace footprints and fewer resources allocated to energy-intensive computing equipment.

And since cloud computing means no data needs to live on its customers’ devices, Citrix argues that the useful life of those devices can thus be extended by up to 40 percent.

Summary: There is a longstanding perception in the investment industry that investing in at least some of the “bad stuff” is a requirement for generating strong returns. Over time, that perception is gradually being dispellednd part of what has supported that shift toward sustainable investing strategies is Environmental, Social and Governance (ESG) investing.

Environmental sustainability and beyond

The company’s commitment to sustainability also extends far beyond the environment. During the Covid crisis, Citrix helped workers in some of the economy’s most critical sectors—hospitals, universities, financial institutions and government—adapt to a changing work environment and provide essential services in a safe and virtual manner. Working around the clock, Citrix partnered with front-line workers to deploy its technology to support a surge in hospital usage, burgeoning need for remote education and mission-critical financial solutions to keep the economy afloat.

The commitment to sustainability is something that resonates deeply with Citrix employees: a July 2020 survey of over 3,000 employees found that 85% of them felt the commitment by senior leadership to environmental and social issues strengthened their opinion of Citrix.

That commitment is also what caught our attention at Genus in our efforts to boost impact investing opportunities. Citrix has been a part of Genus’ Fossil Free High-Impact fund for over a year now, thanks to the company’s net-positive impact on sustainable development. “What we’re looking at, with our impact fund, is the percentage of revenue that a company is generating coming from an impactful activity—something that’s contributing toward the UN sustainable development goals (SDGs),” says Mike Thiessen, Genus’ director of sustainable investments.

Measuring impact investments

There are 17 UN SDGs, covering everything from building sustainable communities to achieving gender equality to reducing poverty and hunger. Genus works with a handful of data analysts—including Sustainalytics, an Amsterdam-based research firm that rates public companies, based on their environmental, social and corporate governance (ESG) record—to determine which mid- to large-cap companies are having a net-positive impact on their world. (We subtract any unsustainable impacts—revenue coming from activities harmful to the SDGs—to come up with a Net Impact Score.)

“Citrix and its focus on cloud computing really stands out for us,” says Thiessen. “Their technologies allow companies to be a lot more energy efficient.” But ultimately, it’s not just about the Net Impact Score that companies achieve, he adds, but the story of sustainability that they live everyday. And for Thiessen, stories like that of Citrix—connecting workforces to meet the challenges of a socially distanced world—are critical to truly sustainable investment funds.

“It seems like something very simple, but I think a lot of investors don’t actually know what they’re investing in,” says Thiessen. “I always say: Look through your holdings, see what’s actually in there, and then decide for yourself if that company aligns with your values around sustainability and climate change — or not. At Genus, we want to be an example of what can be done when you are really pursuing impact investing—and not just doing it for marketing.”

Get in touch if you’d like to explore how investing in companies like Citrix can make a positive impact on your investment portfolio.


Client impact

“Graduating from a big bank to Genus was one of the best financial steps we've ever taken. Genus has delivered reliable asset growth despite our moderate risk tolerance. As our financial security has grown, we've also been the beneficiaries of a great client experience. The company's communications have been consistently transparent and informative, including educational webinars and a well-designed web portal where we can track investments daily. Most importantly to us, our portfolio manager has always responded swiftly and thoroughly to our questions and requests. ”
Martin T.
"Having relatively diverse financial goals and needs, along with a slight reticence regarding the stock market, Genus skillfully addressed all of our concerns, and put together a truly exceptional plan: Fossil free funds and a diversified investment portfolio, check; An effective Impact investment portfolio that coincides with our hopes and dreams for a better world, check; Professional advice and assistance to create a donor advised charitable fund with immediate charitable receipts for tax purposes, check. Returns? Way beyond our expectations! We even had some fun along the way and certainly enjoyed an incredible two-year start to what will be a satisfying long-term relationship with Genus."
Marc B.
“I love the service I get at Genus.”
Chris H.
“Leslie and I were fellow board members when we met twenty years ago. For the last ten she has been thoughtful in the construction of an investment strategy for my family and is executing the strategy as planned. The team at Genus has met my expectations and are a pleasure to deal with.”
Bob Q.
“For over 15 years, I have provided selection and performance evaluation of multiple investment managers for a significant family office. Leslie and Genus have been foundational for me in my role. I have always found Leslie and her colleagues to be insightful and proactive, and found the performance of their portion of the portfolio to be well above benchmarks. And they have been a great pleasure to work with.”
Douglas H.
“Genus is a very innovative firm. I am pleased to invest in their Fossil Free and Impact strategies that help me invest in line with my values.”
Marnie C.
“Great team of professionals. Excellent website and reporting. Responds to inquiries promptly. Very pleased with the process of changing from another company to Genus as well. Kudos.”
David L.
“Genus consistently provides a good, clearly explained, comprehensive picture of the general economic and financial situation, along with an excellent account of the investment decisions made in relation to this. Genus’ equally strong concern with clients’ questions and requests for further information is also a very important part of the service it provides.”
Allan S.
“Back in 1992 when I found myself at fifty with a substantial amount of money to invest, I knew just one thing — that I didn’t want to contribute to tobacco companies, arms manufacturers, or oil. But over the ensuing years the options for socially responsible investing have become far more sophisticated and I’m very happy that this is a big part of the Genus approach. I also very much appreciate the long-term relationship with my portfolio manager, Mary Lou.”
Ann P.

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