The ESG policy of SPOV is reviewed annually. New objectives are also often set on an ad-hoc basis, depending on the need of our participants and societal developments. ESG-related topics evolve and develop rather quickly which may require a quick and flexible approach towards translating these new trends into a new investment approach. These may require quicker solutions than the time-frame of a standard policy development procedures. Furthermore, SPOV comes up with ideas or topics that we want to incorporate into the ESG policy directly. Therefore, the ESG policy is viewed as a living document that evolves throughout the year.