Positive/best-in-class screening
1) Positive screening: Equity (excluding Funds and ETF):
ESG rankings published by Sustainalytics and RobecoSAM are used to analyze the company and position with respect to their comparable although the company's position is not an exclusionary criterion.
Geroa Pentsioak guarantees that at least 50% of the investment in Corporate Fixed Income and in Equity is located within companies that have a higher score than 70 on the mentioned rankings (being 100 the top score).
2) Positive screening: ETF and Equity Funds:
Analysis of SRI policies used by management entities and subscriptions to different initiatives (UNPRI, Un Global Compact, GRI...).
A minimum of 75% of the investments shall be made through entities who have implemented ESG policies in their investment processes, or who are UNPRI signatories.