How ESG issues are address on internally managed listed equity varies fund to fund.
For the Environmental Thematic fund, the most important is the E of the ESG. We have restrictions such as armaments and military products, Tobacco, Gambling, Nuclear Power, and we do select companies only if they have a minimum of 20% active in the environmental sector.
Whereas, for the Europe Dividend fund, we have restrictions such as human rights, children exploitation, corruption, major environmental damages.
In cases where a company will not respect our restrictions, we sell it.