Our investable universe are all mid- and large cap companies listed on the stock exchange in developed countries. Initially, this is reduced by the 56 names that are currently listed on our exclusion list. Additionally, also companies that do not pass our SRI screening (even though are not on the exclusion list) will not be included in our portfolio.
Although companies are continuously screened for the exclusion list, the SRI screening for companies to enter our portfolio is done on an "ad hoc" basis. Whenever we find a financially interesting company, this company is screened on ESG criteria. Therefore, we cannot specify the percentage of companies that is excluded from our portfolio upfront.