Similar to “Global Equity Index”, the objective of this investment direction is to provide investors with exposure to a diversified portfolio of equities from global markets, with a specific emphasis on companies adhering to environmental, social, and governance (ESG) principles. It employs passive investment strategy, tracking an ESG equity index to offer investors a convenient and cost-effective way to access a diverse range of ESG-compliant stocks globally. The investment direction may choose any of the funds integrating ESG policies, exclusions and socially responsible investing principles, and/or targeting Paris Aligned Benchmark goals, reducing the carbon footprint, and/or those aligned with UN Global Compact principles, emphasizing companies with robust ESG practices, and/or those focusing on UN Sustainable Development Goals (SDG). 

This investment direction may suit investors prioritizing ESG or socially responsible investments, aiming for opportunities in companies with strong ESG practices worldwide. Although these strategies may potentially reduce ESG risk and yield higher returns in the long term under favorable conditions, they involve reduced diversification compared to core market indices and a higher risk of deviating from overall market performance. This investment direction may not align with the preferences of those seeking more predictable returns in line with broader market trends. 

The present investment object of the investment direction, allocated at 100%, is the BNPP E MSCI World SRI S-Series PAB 5% Capped ETF (ISIN: LU1615092217), chosen as one of the leading funds in its category. The fund promotes environmental or social characteristics, without having as its objective a sustainable investment. For more information about the fund, you can visit the fund manager's website [here] or the Morningstar analyst website [here].