Please explain why you do not engage directly and do not require external managers to engage with companies on ESG factors.
Formuepleje do not have a formal setup for direct engagement for Fixed income corporate bonds. The fund managers do, however, meet with the management on a regulariy basis and do raise ESG relevant questions to the management if needed. If a company is not moving in the right direction we would sell the bonds. Corporate Bonds is a small part of the overall AUM at Formuepleje and our direct influence is small.