The consideration of extra-financial, i.e. ESG, data supports a sound understanding regarding investment risks and opportunities within our investment universe. Company specific ESG information, tailored to each activity sector, provides additional input and contributes materially to the reduction of tail risk events impacting our portfolio. We use a multi-dimensional sustainable investment process to ensure the objectivity of the research process on which investment decisions are based. Through the interaction and support of ERSTE Asset Management AG and RI research team we use ESG ratings (best-in-class approach) and aslo cooperate with other ESG data providers (Sustainalitics, MSCI ESG, oekom research AG, etc.), active engagement and voting, relevant information is generated and fed into the portfolio construction.