ESG issues are addressed in collaboration with our research partners. We defined exclusionary criteria on the basis of but not limited to the UN Global Compact for companies and do not invest in any asset from any company that violates one or more criteria.
A screening is the most efficient and straightforward approach to avoid critical business areas (such as tobacco or weapons) and controversial business practices like corruption or the violation of human rights.
We review all assets we are invested in at least quarterly or on an ad-hoc basis and we divest in a timely manner if necessary. The responsibility for the sell or buy decisions is in the hands of our portfolio managers.