A combination of environmental and social themes is applied to our actively managed fund, i.e. climate change, water, land, health and vitality, and living. ACTIAM identifies companies that contribute negatively and positively to these themes. The negative contributors are excluded from investment in the actively managed fund; the positive contributors receive an upgrade in their ESG score, thereby increasing the likelihood of being selected for investment.
ACTIAM has a specific policy for green or climate bonds. This policy requires bonds to be issued according to the Green Bond Principles, as well as criteria for the use of proceeds, reporting and the achievability of the projects and targets. The policy includes a blacklist of activities that we do not want to finance through green/climate bonds. Social or environmental impact needs to be measured / there need to be credible indicators, such as CO2 reduction or avoided CO2. ACTIAM wants to prevent the locking in of money in less ambitious projects. As part of our energy transition policy, we use green bonds to stimulate renewable energy and energy efficiency. The impact is monitored each year. If the impact is not concrete enough or if we see possible improvements, we will start engagement with the issuer. Bonds that are labelled 'green' by the in-house ESG ream receive an upgrade in their ESG score.