As described in detail in our response to question 8, our designated socially responsible strategies, which include fixed income strategies, have negative screens for certain industries. Most of the screening criteria are based on a threshold of involvement defined in terms of percentage of annual revenue.
Qualitative screening criteria are also applied to these strategies. The application of qualitative criteria involves evaluating each company's overall performance in each issue area and balancing strengths and concerns. Our qualitative screening criteria include: community, corporate governance, employee relations, environment, human rights and product/business practices. In the specific areas of occupational health and safety and environmental performance, we apply the qualitative screening criteria using a best-of-sector approach, where each company's record is evaluated relative its industry counterparts. The standards for performance are industry best practices.
We also apply custom ESG screens for a small number of segregated fixed income institutional accounts for both RBC GAM and BlueBay.
For all portfolios where we control the investment policy, we will not knowingly invest in companies whose business activities would contravene the prohibitions contained in the Anti-personnel Landmines Convention or the Convention on Cluster Munitions, or for any international sanctions we are required to comply with.