Describe how the screening criteria are established, how often the criteria are reviewed and how you notify clients and/or beneficiaries when changes are made.
The norms based/exclusion screening treaties are selected based on national law but also treaties which are signed by the Dutch Government which are not necessarily prohibitive for us. However even though they are not prohibitive we do take them into account due to ethical reasons. In choosing to comply with certain treaties we take into account the opinions of our beneficiaries. Our exclusion list is reviewed quarterly.
Positive screening whereby MSCI BBB or worse are excluded; this is updated monthly.