When investing directly into non-financial institutions (thusfar mostly renewable energy projects), our ESG integration approach involves a full E&S due diligence, based on IFC Performance Standards, and a detailed E&S action plan derived from the E&S due diligence findings. The implementation of the E&S action plan by the client is monitored with support from E&S consultants as required. The consideration of corporate governance is integrated in our standard risk assessment and monitoring procedures in the investment cycle.