Environmental screening for the Virgin Climate Change Fund was established by Virgin and GLG using Trucost data. The criteria is regularly reviewed to assess how it responds to changing prices in carbon and shifting EU political support for a carbon floor. Because the fund is a retail fund with a very large retail base of clients, the Fund is obliged to notify and receive consent from investors of any/all changes.
As regards to the Firm's Cluster Munitions and Anti-Personnel Mines exclusion screen, the policy was ratified in 2012 and the Master List generated with Ethix implemented in 2013.The Master list is updated on a bi-annual basis. The Firm does not notify clients and/or beneficiaries when changes to the list are made.