Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.
The investments Birta makes that fall under "Fixed Income Corporate (financial)" consists almost entirely in covered bonds issued by Icelandic banks. Those three entities are fairly ESG focused, and thus Birta hasn't had to engage in any way, but if the banks would engage in practices that the fund deems not in line with ESG factors, the fund would most likely raise its concern.