All holdings are screened quarterly. Skandia expects that companies we invest in will comply with UN Global Compact principles. Based on the screening outcome, as well as the severity of the breach and ownership share, we engage with those companies that are in breach with our ownership policy. If a breach occurs and if we do not see any willingness to change toward a more sustainable direction, Skandia will divest and/or exclude from our investment universe. Further, Skandia does not invest in companies that produce tobacco or produce and/or develop controversial weapons nor companies that have >30% of revenues from thermal coal production.