Clairvaux Capital AG is commited to incorporating Environmental, Social and Governance (“ESG”) considerations into the investment decision-making process.

The type of ESG factors that are assessed as part of the investment process, where applicable, include:
– Environmental factors, including climate change, emissions reduction and carbon tax; energy and water consumption.
– Social factors including employee training, injuries and casualties.
– Governance factors including policies, committees and board independence.

Notwithstanding the company’s commitment to include ESG considerations across all asset classes and strategies, there is an understanding that certain asset classes present a more effective opportunity than others to implement these considerations.