At the moment, the scope of the Company's RI policies for the externally managed assets does not cover cash following a materiality-driven criteria: this asset class represents less than 2% of the total AuM.
With regards to the externally managed assets (i.e. delegated to third parties), BancoPosta Fondi SGR transmits its policies and guidelines (e.g. Responsible Investment Policy and Guidelines for Investment in Sensitive Sectors) to third party managers so that they consider the same principles or use them as a starting point to develop their own. Exclusion criteria included in the Company's RI policy are conveyed to external managers and apply to the assets in their portfolios too.