Describe how your organisation measures how your incorporation of ESG analysis in fixed income has affected investment outcomes and/or ESG performance. [OPTIONAL]
For the high yield portfolio, we have compiled an overview internally of price developments in bonds in which we have invested versus those for which we decided to pass on investing, dating back three years. The reasons for not investing in a given bond in some cases include ESG-related financial risk. The analysis indicates that Folketrygdfondet has avoided the worst credit events through our choice of bonds.