An ACTIAM ESG score is assigned to all assets in the investment universe plus an ESG score is determined at portfolio level. The aim is to achieve the highest possible ESG score. Since 2018, this aim is further specified with a target ESG score which is either in the upper quartile of the spectrum or at least 10 points higher than the ESG score of the related benchmark. This benchmark can vary per strategy.
The minimum requirement is that the portfolio must be constructed in such a way that the ESG score of the portfolio is aimed to be at least higher than the ESG score of the benchmark at all times. In order to realise the ESG objectives, the portfolio managers will prefer bonds issued by companies which are actively contributing to the SDGs. In that context, the managers will aim to keep at least 10% of the portfolio in Green, Social and/or Sustainable Bonds.