Note: Nordea uses external managers to manage some of Nordea branded funds, called for example Nordea Global High Yield. I.e where (Nordea) set all premises, the mandate, all ESG restrictions and more, but the fund is managed by for instance in this case company called MacKay Shields.
All white labelled (i.e. Nordea branded) funds have exact the same RI policy and procedure as internally managed funds. They have to follow Nordeas exclusion list and we screen all WL holdings to identify norm breaching companies (environmental, human rights violations, labour rights violation or corruption). These companeis are then subject to engagement, either by Nordeas internal team themselves, and/or in cooperation with our partners.