Our approach is a risk based approach. Every month our portfolio managers check the ESG scoring and monitor the average ESG scoring based on Sustainalytics scores. More important ESG controversies are integrated. A maximum threshhold of 10% of portolfio controversies 4 or 5 is also monitored. The outlook on ESG controversies provided by the ESG rating agency is used in our monthly monitoring.
Since 2019, 20% of the universe is excluded based on ESG scorings.