First of all, we analyse the recent mega trends. The 12 Megatrends we have identified are digitalization & networking, demographic change, individualisation, a new world of work, back into the cities, mobility, security globalisation, gender shift, health, ecucation, sustainability. We look on what might be their impact directly on our bank in general and on our business model in particular. We also look on their possible impact on companies we invest in.
Secondly, we discuss these risks in our monthly meeting with the management board, the heads of accounting and controlling and treasury ("Dispositzung") in November.
Last but not least, on a daily basis, we have set up an excel-based analysis tool that provides us with data concerning ESG issues. Should we encounter relevant problems we can take action whenever needed.