These issues are adressed at the monthly meetings between the Head of ESG and the CIO, as well as with the CIO, ESG and Allocation teams. The discussion is anchored by the ESG-portfolio reports and different scenario analysis done inhouse or provided by ESG service providers and/or brokers.
The different ESG risk and opportunities differs much from asset class to asset class, and from portfolio to portfolio. How to act on these insights depends on the product. If it is a single portfolio, naturally the portfolio manager needs to act accordingly. If it is a balanced portfolio we have both this opportunity and the opportunity to change the allocation.