Our policy

Responsible investment

We strive to carefully consider the positive and negative consequences of our investments for people and the environment, without losing sight of investment returns. We invest in line with our Responsible Investment Policy, which sets out the sustainability requirements we apply to the investments we manage.  This policy explains how we try to make a positive impact, encourage change, and limit negative impact. We do this with a view to managing the most important sustainability risks and limiting the adverse effects of investment decisions on people and the environment. For more information, see Responsible Investment Policy.

Companies and countries 

We exclude countries and companies that do not meet the ESG criteria as described in the Responsible Investment Policy. This means, for example, that we do not invest in companies that are active in tobacco, gambling, and coal mining. For other investments, we apply so-called ‘threshold values’, which determine which companies we do or do not invest in. For example, companies that derive a large part of their turnover from electricity production from coal and nuclear energy are excluded. We also do not invest in companies and countries that do not treat working conditions and/or human rights properly. For more information, see  Excluded companies and Excluded countries.

Covenants and initiatives

We believe it is important to demonstrate that our role as a sustainable investor is not without obligation and to report transparently on what we do. We are also keen to join sector-wide initiatives to increase our impact wherever possible. Read more in Covenants and Initiatives.