“Compared to most other funds, we put an enormous emphasis on socially responsible investing, although we label it ESG: environmental, social, and governance issues. We have several investment units. One is ownership strategy, which has responsibility for all ownership activities spanning everything from corporate governance to environmental and social issues. This year, we have two specific portfolios running: one on water technology and the other on clean energy technology in which we are investing roughly $1.2 billion USD. These correspond to six focus areas in our corporate governance efforts: climate management, water management, children’s rights, (and the more traditional) equal treatment of shareholders, board accountability, the shareholders’ right to influence, and well-functioning capital markets. We can’t be everything to everyone.”
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