Ethical screening

The investment universe is negatively screened to exclude specific activities. For liquid investments, appropriate pre-trade and post-trade controls are undertaken to ensure that exclusion policies and other ESG-related screening criteria are complied with at any time. We will screen each investment through a proprietary process that includes input from third-party providers.

We will not knowingly invest in companies, assets or hold securities which derive the majority of their direct revenues from the following activities:

  • production of armaments;
  • production of tobacco;
  • production of hard spirits;
  • adult entertainment;
  • high impact fossil fuels.

The scope of the above restrictions is reviewed on a regular basis and our ESG Policy updated accordingly.

To read the scope of the activities excluded please click here.