We incorporate negative screening to the entire portfolio and exclude companies in UN-sanctioned countries and companies involved in pornography and prostitution activities.
For a proportion of our portfolio, we incorporate integration as well. Using a combination of both third party ESG information sources as well as our own internal analysis, we assess the companies along ESG lines, assigning them an ESG score which then factors into our investment decision making.
For companies that do not meet a certain minimum threshold, we will have a below-average position size in our portfolio. Cumulatively, such companies should not sum up to more than a certain percentage of the portfolio. Should the above limits be exceeded, we would review the companies.