Describe your reasons for choosing a particular ESG incorporation strategy and how combinations of strategies are used.
We have considered integration as the most complete and efficient tool for considering non-financial information in the investment process. With this approach we are able to consider both fundamental and ESG analysis, maximizing the risk-return of our portfolios. As mentioned in previous modules, GPP also applies the exclusion as a consequence of the "Rule of Conduct in Defence". Thus, we apply a combination of strategies (exclusion + integration).
Additional information [Optional].