Companies that we invest in have to meet a number of criteria. For example nuclear power and arms production and trade constitute the most important exclusion criteria. Companies are also immediately divested from the fund in proven cases of corruption or child labour. 

In our ESG funds, we apply the following broad list of ethical criteria from all sustainability perspectives that apply to equity and bond investments.

Different sustainability exclusion criteria apply to our funds. Which criteria are applied depends on the respective investment strategy. We distinguish between our Minimum requirements and more advanced standards for Integration, Responsible and Impact funds.

If our ESG funds invest in other mutual funds, these must be categorized according to Article 8 or 9 of the Disclosure Regulation, or undergo an in-depth review by our sustainable investment team, details are provided in the sales prospectus of the ESG funds.