The Sub-Fund promotes a range of environmental and social characteristics by integrating environmental, social and governance (‘ESG’) criteria into the investment process. The Sub-Fund undertakes to promote, both directly and indirectly through equity derivatives, investments aimed at reducing the negative impacts on society and the environment, by allocating capital in favour of companies that adequately manage and intentionally reduce their negative effects on the environment and on human health and well-being. In the selection criteria key elements of attention are climate change, water stress and biodiversity, pollution, waste and resource efficiency, and from the social performance end, human well-being, product quality and safety, and human rights.
The Sub-Fund’s portfolio promotes social and environmental characteristics by predominantly allocating capital in favour of companies able to adequately manage ESG risks and opportunities, as measured by their ESG ratings.