We exclude controversial sectors like tobacco, controversial weapons, pornography, thermal coal and gambling. For the rest of the sectors, companies are rated based on an assesment of their total sustainability (all ESG factors). The funds strive to primarily invest in the 40% best part of the companies. Unrated companies are assessed based on the best available information we can obtain, for instance via Bloomberg. We have also developed an internal ESG-analysis model for analysing issuers who are to small to be covered by big research houses.