The vast majority of externally managed assets under the section "Other (1)" are mortgage loans.
In our due diligence assessment, we consider ESG criteria, and investment managers have to sign a binding ESG letter outlining how ESG considerations have to be taken into account.
The managers consider aspects of ESG as part of the investment process in evaluating new transactions, with a focus on environmental issues. Environmental concerns or issues are documented by the manager in the investment memo of the potential transaction. Unfavourable findings could lead to the decision to not execute an investment.