As noted in the previous section, Folketrygdfondet obtains ESG information from several sources, such that the answers to 03.1 and 03.2 are not applicable to every individual source of ESG information.
Folketrygdfondet's internal ESG frameworks are used by the FI portfolio managers in the high yield space before investing, to identify issues that may affect creditworthiness. We would not share these internal credit assessments, although we address outstanding ESG concerns with issuers directly.
After an investment decision is made, Folketrygdfondet undertakes a new ESG assessment if warranted by a change in the issuer's circumstances. Folketrygdfondet uses an ESG controversy alert service for news articles that link an issuer to controversial activities.
Folketrgydfondet reports regularly to investment committee meetings on ESG. However, issuer-specific ESG information would only be discussed under extraordinary circumstances as the investment committee discussions typically involve a more overarching approach to the portfolio.