70% of the portfolio to align with the strategy of the product to demonstrate positive contribution to the transition towards more sustainable practices. The assessment of performance against the objective should be monitored and disclosed and should be based on appropriate indicators chosen by the manager, and any principal adverse impacts on environmental or social factors should be identified and clearly disclosed, together with any actions taken to address them.

Exclusion of companies involved in tobacco or controversial weapons or found in violation of human rights as well as those generating significant revenues from coal or expanding their fossil fuel activities.

Portfolios managed in reference to the EU climate transition benchmark and EU Paris-aligned benchmark; 

Investments in certain Taxonomy-aligned economic activities; 

Investments in companies with a credible transition plan relating to at least one sustainability factor at the level of the company or activity;

Investments in companies with credible science-based targets;

Investments accompanied with a credible sustainability-related engagement strategy, targeting specific changes with defined milestones measures with reference to those targets and milestones; 

Investments with a credible transition target set at the level of the portfolio, such as reduction of carbon emissions over time; and

Other investments that credibly contribute to the transition provided proper justification is included in the disclosure.

70% of the portfolio to align with the overall strategy for integrating ESG factors. The assessment of performance against the objective should be monitored and disclosed based on appropriate indicators chosen by the manager.

The same social exclusions as for the transition category above apply, as well as an exclusion of companies generating significant revenues from coal. 

Investments with an ESG rating that outperforms the average rating of the investment universe or the reference benchmark; 

Investments that outperform the average investment universe or reference benchmark on a specific appropriate sustainability indicator; 

Investments that favour undertakings or economic activities with a proven positive track record in terms of processes, performance or outcomes related to sustainability factors; 

Other investments integrating sustainability factors beyond the consideration of sustainability risks, provided proper justification is included in the disclosures required. 

70% of the portfolio to align with the strategy of the product for positive contribution to sustainability. The assessment of performance against the objective should be monitored and disclosed and should be based on appropriate indicators chosen by the manager, and any principal adverse impacts on environmental or social factors should be identified and clearly disclosed, together with any actions taken to address them.

Exclusion of investments into companies involved in tobacco or prohibited weapons, or found in violation of human rights, or active in fossil fuels or high-emitting energy activities, or expanding their fossil fuel activities.

Investments in portfolios replicating or managed in reference to an EU Paris-aligned benchmark;

Investments in taxonomy-aligned economic activities;

Investments in European Green Bonds

Investments, including co-investments, that finance the same undertaking, project or portfolio identified in financing and investment operations benefiting from a Union budgetary guarantee or financial instruments under Union programmes pursuing environmental or social objectives; 

Investments in European social entrepreneurship funds; 

Other investments in undertakings, economic activities, or assets that contribute to an environmental objective or a social objective, provided that a proper justification is included in the disclosures.