For SRI funds only, there are two impacts on the eligible universe:
1- Screen out of companies facing high ESG risks (below our 4 /10 rating threshold): for European equity strategies the exclusion rate is about 30%, for global equity strategies the exclusion rate is about 50%, for European corporate bond strategies the exclusion rate is about 60%. The result of this first screen is our "Responsible" Universe.
2- Screen in of companies that have a positive impact on sustainable transition: this represents about 50% of the "Responsible universe". The result of this second screen is our "Sustainable & Responsible" Universe.
All SRI Funds must invest only in companies that are in the "Responsible" universe and seek to maximize the share of companies in the "Sustainable & Responsible" universe. Our impact Fund DNCA Invest Beyond Semperosa can only invest in companies that are in the "Sustainable & Responsible" universe and that screen well on our proprietary Impact screen (AIM model: Additionality, Intentionality, Measurability).