Indicate whether you encourage transparency and disclosure relating to the issuance of themed bonds as per the Green Bonds Principles, Social Bond Principles, or Sustainability Bond Guidelines..
Describe the actions you take when issuers do not disburse bond proceeds as described in the offering documents.
We have not encountered this to date, however, we would conduct an orderly divestment, similar to our action following a merger or acquisition in which the issuers has become involved in an excluded activity.
Additional information. [Optional]