Approaches and requirements may vary between funds due to investment area. But the overall approach is similar. An ESG analysis is incorporated in our investment criteria and as part of the initial due diligence conducted prior to investment in a company, Maj Invest Equity focuses on ESG factors and potential risks of the company. The companies' policies, commitment to reporting and approach to improving on ESG factors will also be taken into account. Maj Invest Equity continuously follows up on any existing and/or potential ESG risks during the entire investment period. We monitor the portfolio companies' ESG performance through board participation, visits, reporting and ongoing dialogue with the companies. If a company should be found to be in severe incompatibility with the present policy, Maj Invest Equity will engage in dialogue with the management of the company as well as other shareholders and strongly encourage working towards compliance and develop a plan for implementation of improvements.