Summary
The Pool seeks to track an index that selects & re-weights entities based on ESG criteria and sustainability frameworks. The Pool aims full replication of the adopted benchmark in order to satisfy its stated investment objectives.
The index excludes all constituents that are on the Manager’s Exclusion List based on product-related and UN GC exclusion, and includes companies that are classified by the Manager as Real Estate ESG Leaders. The index makes use of optimization techniques to include companies with sound governance, solid reputation, no harm and CRREM alignment, and controlled factors and tracking error risk versus a market-cap weighted parent index. The parent index is the iSTOXX Developed Real Estate index