UBS (Lux) Fund Solutions - MSCI China Universal UCITS ETF
SRI Style:
Limited Exclusions
SDR Labelling:
Not eligible to use label
Product:
ETF
Fund Region:
Asia Pacific
Fund Asset Type:
Passive Equity
Launch Date:
26/07/2019
Last Amended:
Oct 2024
Dialshifter (
):
Fund Size:
£148.00m
(as at: 31/03/2024)
Total Screened Themed SRI Assets:
£168400.00m
Total Responsible Ownership Assets:
£326400.00m
Total Assets Under Management:
£1011000.00m
ISIN:
LU1953188833
Objectives:
For index equity strategies, ESG risks and opportunities integration takes place if the index methodology considers ESG criteria in the construction of the index. UBS AM considers sustainability characteristics and risks as part of the relevant index selection process. The portfolio manager tracks the reference ESG benchmark using full replication or stratified sampling depending on the investment universe, with a focus on minimizing transaction cost while managing the tracking error within a defined range.
Sustainable, Responsible
&/or ESG Overview:
The ETF aims to replicate the performance of the MSCI China ESG Universal Low Carbon Select 5% Issuer Capped Total Return Net. As such, the approach taken in relation to the consideration of ESG criteria is the one taken by the index provider and therefore dependent on the methodology defined by a third party.
The MSCI China ESG Universal Low Carbon Select 5% Issuer Capped Index is based on the MSCI China Index, its parent index, and includes large and mid-cap securities of the Chinese equity markets. The index aims to represent the performance of an investment strategy that by re-weighting free-float market cap weights based upon certain ESG metrics seeks to increase exposure to those companies demonstrating both a robust ESG profile as well as a positive trend in improving that profile, while excluding companies based on various ESG and climate change criteria.
Primary fund last amended:
Oct 2024
Information directly from fund manager.
Fund Filters
Sustainability - General
Funds that have policies that consider (environmental and social) sustainability issues. Strategies vary but are likely to consider environmental issues like climate change, carbon emissions, biodiversity loss, resource management, environmental impacts; and social issues like equal opportunities, human rights, labour standards, diversity and adherence to internationally recognised codes. See fund information.
Find funds which substantially focus on sustainability issues
Find funds where there is a significant emphasis on (environmental and social) sustainability. Funds with a 'sustainability theme' typically place more emphasis on the area than funds with a 'sustainability policy' - meaning that it is more likely to drive investment selection. Strategies vary. See fund information for further detail.
A core element of these funds aim to encourage higher sustainability standards across business practices through responsible ownership / stewardship / engagement / voting activity
Environmental - General
Funds that have policies which relate to environmental issues. These will typically set out the fund's stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary. See fund information for further information.
Funds that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change. Funds vary - some funds may be 'underweight' in this area which means they may have some investment in highly carbon intensive areas. Funds of this kind may choose companies they consider to be 'best in sector' and encourage ever higher standards. Strategies vary. See fund information for further details.
Funds that aim to invest in companies with strong or market leading environmental policies and practices. Strategies vary - in particular the balance between 'financial' aspects and environmental benefits. Some may invest substantially in solutions or 'positive impact' companies - others may invest in more conventional companies providing certain environmental criteria are met. See fund information for further detail.
Climate Change & Energy
Funds that have policies (documented strategies that explain their position on) climate change related issues such as greenhouse gas/carbon emissions, net zero, transitioning to lower carbon. Strategies vary. Read fund details for further information.
Funds that avoid investing in major coal, oil and/or gas (extraction) companies. Funds vary: some may exclude all companies that extract oil. Others may have exposure to oil extraction via more diversified energy companies. See fund literature to confirm details.
Funds that avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary. See fund information for further information.
Funds that avoid investing in companies with coal, oil and gas reserves. See fund information for further details.
A core element of these funds will aim to encourage the transition to lower carbon activities through responsible ownership / stewardship / engagement / voting activity
Social / Employment
Find funds that have policies which set out their approach to social issues (e.g. human rights, labour standards, equal opportunities, child labour and adherence to internationally recognised codes such as the UN Global Compact). Funds with social policies typically avoid companies with low standards or work to encourage higher standards. See fund information for detail.
Find funds that invest in line with positive strategies that relate to 'people' issues - such as having strong human rights, labour standards and equal opportunities practices. Such funds are likely to invest in companies that have market leading standards with regard to employee and supplier practices. Read fund literature for further information.
Ethical Values Led Exclusions
Find funds that have policies that set out their position on ethical or 'personal values' based issues. Strategies vary. See fund information for further detail.
Companies are excluded if they are involved in any aspect of the production chain for tobacco products, including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Companies are excluded if they make more than 5% of their revenue from the manufacture, sale or distribution of tobacco products including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Find funds that avoid companies that manufacture products intended specifically for military use. Fund strategies vary - particularly with regard to non-strategic military products. See fund literature for fund specific details.
Find funds with a written civilian firearms exclusion policy - meaning that they will not invest in companies that make (or perhaps also sell) handguns made for non-military users.
Gilts & Sovereigns
Find funds that avoid investing in 'some' gilts or government bonds. Strategies vary, but this may relate to avoiding specific countries or particular reasons for bond issuance. 'Green gilts' for example would be likely to be acceptable. See fund literature for further information.
Find funds that do not invest in, or exclude, gilts and/or government bonds.
Banking & Financials
Find funds that include banks as part of their holdings / portfolio.
Governance & Management
Find fund options that have policies that relate to corporate governance issues such as board structure, executive remuneration, bribery and/or corporate corruption. These funds will typically avoid companies with poor practices. Strategies vary. See fund literature for further information.
Find funds that aim to avoid investing in companies with poor governance practices.(e.g. board structure, management practices etc.) Views may however vary on what counts as 'poor' practices - and funds may not immediately divest as they may prefer to work to encourage higher standards. See fund literature for further information.
A core element of these funds will aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity
Fund Governance
Find funds that factor in 'environmental, social and governance' issues as part of their investment decision making process. A focus on 'ESG' typically means a fund is carrying out additional research to help reduce ESG related risks. It does not necessarily mean a focus on sustainability. Strategies vary. See fund literature.
Asset Size
Find funds that invests more than half of their money into what are commonly regarded as 'large companies'. This will typically mean that the market capitalisation (or value) of the companies they hold is in excess of £5 to £10 billion.
Find funds that have SRI strategies and focus their investment stock selection on larger companies. (e.g. over circa £5-£10bn)
How The Fund Works
Find funds that focus on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
Find funds where their main 'ethical approach' is to avoid companies by using negative screening criteria. Read fund literature for further information.
Find funds with few exclusions - typically for example exclude tobacco or companies that breach commonly adopted standards or norms such as the UN Global Compact.
Find funds that use an investment index to direct where they can invest. Fund strategies and indices vary. See fund details and index used.
A major focus of these funds is the careful management of environmental, social and governance (ESG) related risks - typically by avoiding or being underweight in companies seen as posing major risks in these areas (i.e. not necessarily by using themes, exclusions etc).
This fund does not use stock lending for performance or risk purposes.
Unscreened Assets & Cash
The percentage of assets held within the fund that match the fund’s sustainability objectives and are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
The percentage of assets held within the fund that match the fund’s sustainability objectives and are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
The percentage of assets held within the fund that match the fund’s sustainability objectives and are not being held purely for risk management purposes, such as derivatives and cash equivalent assets
Intended Clients & Product Options
Finds funds designed to meet the needs of individual investors with an interest in sustainability issues.
Labels & Accreditations
Finds funds classified under Article 8 of the EU’s SFDR (Sustainable Finance Disclosure Requirements). Article 8 of the SFDR is a set of requirements that apply to financial products that 'promote' environmental or social characteristics with high governance also. These rules do not currently apply to UK funds so many managers may leave this field blank.
Transparency
Find fund management companies that have supplied Dialshifter information. See Dialshifter tab within record for more information.
Sustainable, Responsible &/or ESG Policy:
O
The ETF is passively managed and aims to replicate the performance of its benchmark index. As such, the approach taken in relation to the consideration of ESG criteria is the one taken by the index provider and therefore dependent on the methodology defined by a third party.
The Index is constructed as follows:
- Exclude stocks based on Scope 1+2 Carbon Emissions Intensity and Potential Carbon Emissions from the Parent Index.
- Exclude companies that are involved in the following businesses and meet the business involvement exclusion criteria as defined in the methodology book: Controversial Weapons, Conventional Weapons, Nuclear Weapons, Civilian Firearms, Tobacco, Fossil Fuel Extraction, Thermal Coal Power. Additionally, companies are required to have an MSCI ESG Controversies Score of 1 or above and an MSCI ESG Rating of ‘B’ or above to be eligible for inclusion.
- Define an ESG re-weighting factor that reflects an assessment of both the current ESG profile (based on the current MSCI ESG Rating) as well as the trend in that profile (based on the MSCI ESG Rating Trend).
- Re-weight securities from the free-float market cap weights of the Parent Index using combined ESG score (product of ESG Rating and ESG Rating Trend).
Please refer to the MSCI ESG Universal Low Carbon Select 5% Issuer Capped Indexes Methodology for further details on the index construction process and the exclusions.
Process:
The fund aims to replicate the performance of its benchmark index. The portfolio fully replicates the index and is rebalanced to ensure close tracking in accordance with our prescribed tolerances, following the rebalancing schedule of the underlying index.
Resources, Affiliations & Corporate Strategies:
The UBS Asset Management (“UBS AM”) Sustainable Investing and Impact team (“SI team”) is an integrated function within our Investments area. The Head of Sustainable Investing and Impact role sits on the Investment Management team. The SI team is led by Lucy Thomas, who reports directly to the Head of Investments, Barry Gill, who is a member of UBS AM’s Management Team, reporting to Aleksandar Ivanovic, President of UBS AM. The goal of this governance structure is to provide clear oversight from the President of UBS AM through to our specialist SI team and alignment across investment areas.
The SI team comprises 45 professionals as of end March 2024. The team’s background is very diverse and includes professionals who have worked in the asset management, finance, services industries and for asset owners. Team members are located in Zurich, London, Amsterdam, Krakow, Hong Kong, Singapore, New York and Chicago.
The SI team is currently structured in the following pillars: Active Ownership, SI Governance, SI Specialists, SI Quant Analytics and SI Portfolio Integration.
In addition, we have a dedicated governance structure in place through the SI Methodology Forum, SI Prioritization Forum and Stewardship Committee to oversee our activities in sustainable investing:
- The SI Prioritization Forum provides oversight of the SI strategic program, setting key priorities and strategic direction; makes key decisions of commercial relevance and ensures regulatory compliance and a successful delivery of the SI Program.
- The SI Methodology Forum provides oversight of SI policies and guidelines, data and methodologies as well as investment process criteria applied in the Sustainable Investing framework (including exclusions, ESG integration, sustainable focused and impact offering) across investment areas.
- The Stewardship Committee oversees the proxy voting standards, process, and corporate governance practices as well as engagement program activities (including exclusion decisions). It also oversees the research process on UNGC Global Compact credible corrective action and Sustainability and Climate Risk (SCR) Watchlist cases. The Stewardship Committee is the representative body for approving membership of industry organizations related to stewardship.
For a list of our memberships and involvement, please refer to the UBS Sustainability Report 2023 – Supplementary Information available via https://www.ubs.com/global/en/sustainability-impact/sustainability-reporting.html.
Dialshifter
Our organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by…
UBS AM is committed to helping our clients achieve their decarbonization goals and to supporting the work of governments around the world in their transition to a low-carbon economy in alignment with the objectives of the Paris Agreement.
We are a founding signatory of the Net Zero Asset Managers initiative and have a group-wide ambition to achieve net zero greenhouse gas emissions across scope 1 and 2, and specified scope 3 activities by 2050. In 2023, we made progress toward delivering our 2030 target of aligning 20% of our total AuM with net zero, using science-based portfolio alignment approaches.
SDR Labelling: Not eligible to use label
| Fund Name | SRI Style | SDR Labelling | Product | Region | Asset Type | Launch Date | Last Amended |
|
|---|---|---|---|---|---|---|---|---|
UBS (Lux) Fund Solutions - MSCI China Universal UCITS ETF |
Limited Exclusions | Not eligible to use label | ETF | Asia Pacific | Passive Equity | 26/07/2019 | Oct 2024 | |
ObjectivesFor index equity strategies, ESG risks and opportunities integration takes place if the index methodology considers ESG criteria in the construction of the index. UBS AM considers sustainability characteristics and risks as part of the relevant index selection process. The portfolio manager tracks the reference ESG benchmark using full replication or stratified sampling depending on the investment universe, with a focus on minimizing transaction cost while managing the tracking error within a defined range. |
Fund Size: £148.00m (as at: 31/03/2024) Total Screened Themed SRI Assets: £168400.00m (as at: 31/03/2024) Total Responsible Ownership Assets: £326400.00m (as at: 31/03/2024) Total Assets Under Management: £1011000.00m (as at: 31/03/2024) ISIN: LU1953188833 |
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Sustainable, Responsible &/or ESG OverviewThe ETF aims to replicate the performance of the MSCI China ESG Universal Low Carbon Select 5% Issuer Capped Total Return Net. As such, the approach taken in relation to the consideration of ESG criteria is the one taken by the index provider and therefore dependent on the methodology defined by a third party. The MSCI China ESG Universal Low Carbon Select 5% Issuer Capped Index is based on the MSCI China Index, its parent index, and includes large and mid-cap securities of the Chinese equity markets. The index aims to represent the performance of an investment strategy that by re-weighting free-float market cap weights based upon certain ESG metrics seeks to increase exposure to those companies demonstrating both a robust ESG profile as well as a positive trend in improving that profile, while excluding companies based on various ESG and climate change criteria. |
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Primary fund last amended: Oct 2024 |
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Information received directly from Fund Manager |
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Fund FiltersSustainability - General
Sustainability policy
Funds that have policies that consider (environmental and social) sustainability issues. Strategies vary but are likely to consider environmental issues like climate change, carbon emissions, biodiversity loss, resource management, environmental impacts; and social issues like equal opportunities, human rights, labour standards, diversity and adherence to internationally recognised codes. See fund information.
Sustainability focus
Find funds which substantially focus on sustainability issues
Sustainability theme or focus
Find funds where there is a significant emphasis on (environmental and social) sustainability. Funds with a 'sustainability theme' typically place more emphasis on the area than funds with a 'sustainability policy' - meaning that it is more likely to drive investment selection. Strategies vary. See fund information for further detail.
Encourage more sustainable practices through stewardship
A core element of these funds aim to encourage higher sustainability standards across business practices through responsible ownership / stewardship / engagement / voting activity Environmental - General
Environmental policy
Funds that have policies which relate to environmental issues. These will typically set out the fund's stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary. See fund information for further information.
Limits exposure to carbon intensive industries
Funds that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change. Funds vary - some funds may be 'underweight' in this area which means they may have some investment in highly carbon intensive areas. Funds of this kind may choose companies they consider to be 'best in sector' and encourage ever higher standards. Strategies vary. See fund information for further details.
Favours cleaner, greener companies
Funds that aim to invest in companies with strong or market leading environmental policies and practices. Strategies vary - in particular the balance between 'financial' aspects and environmental benefits. Some may invest substantially in solutions or 'positive impact' companies - others may invest in more conventional companies providing certain environmental criteria are met. See fund information for further detail. Climate Change & Energy
Climate change / greenhouse gas emissions policy
Funds that have policies (documented strategies that explain their position on) climate change related issues such as greenhouse gas/carbon emissions, net zero, transitioning to lower carbon. Strategies vary. Read fund details for further information.
Coal, oil & / or gas majors excluded
Funds that avoid investing in major coal, oil and/or gas (extraction) companies. Funds vary: some may exclude all companies that extract oil. Others may have exposure to oil extraction via more diversified energy companies. See fund literature to confirm details.
Fracking and tar sands excluded
Funds that avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary. See fund information for further information.
Fossil fuel reserves exclusion
Funds that avoid investing in companies with coal, oil and gas reserves. See fund information for further details.
Encourage transition to low carbon through stewardship activity
A core element of these funds will aim to encourage the transition to lower carbon activities through responsible ownership / stewardship / engagement / voting activity Social / Employment
Social policy
Find funds that have policies which set out their approach to social issues (e.g. human rights, labour standards, equal opportunities, child labour and adherence to internationally recognised codes such as the UN Global Compact). Funds with social policies typically avoid companies with low standards or work to encourage higher standards. See fund information for detail.
Favours companies with strong social policies
Find funds that invest in line with positive strategies that relate to 'people' issues - such as having strong human rights, labour standards and equal opportunities practices. Such funds are likely to invest in companies that have market leading standards with regard to employee and supplier practices. Read fund literature for further information. Ethical Values Led Exclusions
Ethical policies
Find funds that have policies that set out their position on ethical or 'personal values' based issues. Strategies vary. See fund information for further detail.
Tobacco and related product manufacturers excluded
Companies are excluded if they are involved in any aspect of the production chain for tobacco products, including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Tobacco and related products - avoid where revenue > 5%
Companies are excluded if they make more than 5% of their revenue from the manufacture, sale or distribution of tobacco products including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Armaments manufacturers avoided
Find funds that avoid companies that manufacture products intended specifically for military use. Fund strategies vary - particularly with regard to non-strategic military products. See fund literature for fund specific details.
Civilian firearms production exclusion
Find funds with a written civilian firearms exclusion policy - meaning that they will not invest in companies that make (or perhaps also sell) handguns made for non-military users. Gilts & Sovereigns
Gilts / government bonds - exclude some
Find funds that avoid investing in 'some' gilts or government bonds. Strategies vary, but this may relate to avoiding specific countries or particular reasons for bond issuance. 'Green gilts' for example would be likely to be acceptable. See fund literature for further information.
Gilts / government bonds - exclude all
Find funds that do not invest in, or exclude, gilts and/or government bonds. Banking & Financials
Invests in banks
Find funds that include banks as part of their holdings / portfolio. Governance & Management
Governance policy
Find fund options that have policies that relate to corporate governance issues such as board structure, executive remuneration, bribery and/or corporate corruption. These funds will typically avoid companies with poor practices. Strategies vary. See fund literature for further information.
Avoids companies with poor governance
Find funds that aim to avoid investing in companies with poor governance practices.(e.g. board structure, management practices etc.) Views may however vary on what counts as 'poor' practices - and funds may not immediately divest as they may prefer to work to encourage higher standards. See fund literature for further information.
Encourage higher ESG standards through stewardship activity
A core element of these funds will aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity Fund Governance
ESG integration strategy
Find funds that factor in 'environmental, social and governance' issues as part of their investment decision making process. A focus on 'ESG' typically means a fund is carrying out additional research to help reduce ESG related risks. It does not necessarily mean a focus on sustainability. Strategies vary. See fund literature. Asset Size
Over 50% large cap companies
Find funds that invests more than half of their money into what are commonly regarded as 'large companies'. This will typically mean that the market capitalisation (or value) of the companies they hold is in excess of £5 to £10 billion.
Invests mostly in large cap companies / assets
Find funds that have SRI strategies and focus their investment stock selection on larger companies. (e.g. over circa £5-£10bn) How The Fund Works
Positive selection bias
Find funds that focus on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
Negative selection bias
Find funds where their main 'ethical approach' is to avoid companies by using negative screening criteria. Read fund literature for further information.
Limited / few ethical exclusions
Find funds with few exclusions - typically for example exclude tobacco or companies that breach commonly adopted standards or norms such as the UN Global Compact.
Passive / index driven strategy
Find funds that use an investment index to direct where they can invest. Fund strategies and indices vary. See fund details and index used.
Focus on ESG risk mitigation
A major focus of these funds is the careful management of environmental, social and governance (ESG) related risks - typically by avoiding or being underweight in companies seen as posing major risks in these areas (i.e. not necessarily by using themes, exclusions etc).
Do not use stock / securities lending
This fund does not use stock lending for performance or risk purposes. Unscreened Assets & Cash
Assets typically aligned to sustainability objectives 70 - 79%
The percentage of assets held within the fund that match the fund’s sustainability objectives and are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Assets typically aligned to sustainability objectives 80 – 89%
The percentage of assets held within the fund that match the fund’s sustainability objectives and are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Assets typically aligned to sustainability objectives > 90%
The percentage of assets held within the fund that match the fund’s sustainability objectives and are not being held purely for risk management purposes, such as derivatives and cash equivalent assets Intended Clients & Product Options
Intended for investors interested in sustainability
Finds funds designed to meet the needs of individual investors with an interest in sustainability issues. Labels & Accreditations
SFDR Article 8 fund / product (EU)
Finds funds classified under Article 8 of the EU’s SFDR (Sustainable Finance Disclosure Requirements). Article 8 of the SFDR is a set of requirements that apply to financial products that 'promote' environmental or social characteristics with high governance also. These rules do not currently apply to UK funds so many managers may leave this field blank. Transparency
Dialshifter statement
Find fund management companies that have supplied Dialshifter information. See Dialshifter tab within record for more information. Sustainable, Responsible &/or ESG Policy:O The ETF is passively managed and aims to replicate the performance of its benchmark index. As such, the approach taken in relation to the consideration of ESG criteria is the one taken by the index provider and therefore dependent on the methodology defined by a third party.
The Index is constructed as follows:
Please refer to the MSCI ESG Universal Low Carbon Select 5% Issuer Capped Indexes Methodology for further details on the index construction process and the exclusions.
Process:The fund aims to replicate the performance of its benchmark index. The portfolio fully replicates the index and is rebalanced to ensure close tracking in accordance with our prescribed tolerances, following the rebalancing schedule of the underlying index. Resources, Affiliations & Corporate Strategies:The UBS Asset Management (“UBS AM”) Sustainable Investing and Impact team (“SI team”) is an integrated function within our Investments area. The Head of Sustainable Investing and Impact role sits on the Investment Management team. The SI team is led by Lucy Thomas, who reports directly to the Head of Investments, Barry Gill, who is a member of UBS AM’s Management Team, reporting to Aleksandar Ivanovic, President of UBS AM. The goal of this governance structure is to provide clear oversight from the President of UBS AM through to our specialist SI team and alignment across investment areas.
The SI team comprises 45 professionals as of end March 2024. The team’s background is very diverse and includes professionals who have worked in the asset management, finance, services industries and for asset owners. Team members are located in Zurich, London, Amsterdam, Krakow, Hong Kong, Singapore, New York and Chicago.
The SI team is currently structured in the following pillars: Active Ownership, SI Governance, SI Specialists, SI Quant Analytics and SI Portfolio Integration. In addition, we have a dedicated governance structure in place through the SI Methodology Forum, SI Prioritization Forum and Stewardship Committee to oversee our activities in sustainable investing:
For a list of our memberships and involvement, please refer to the UBS Sustainability Report 2023 – Supplementary Information available via https://www.ubs.com/global/en/sustainability-impact/sustainability-reporting.html. DialshifterOur organisation is helping to support the Paris Climate Agreement and the Race to Net Zero by… UBS AM is committed to helping our clients achieve their decarbonization goals and to supporting the work of governments around the world in their transition to a low-carbon economy in alignment with the objectives of the Paris Agreement. We are a founding signatory of the Net Zero Asset Managers initiative and have a group-wide ambition to achieve net zero greenhouse gas emissions across scope 1 and 2, and specified scope 3 activities by 2050. In 2023, we made progress toward delivering our 2030 target of aligning 20% of our total AuM with net zero, using science-based portfolio alignment approaches. SDR Labelling: Not eligible to use label |
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