Integration into the securities portfolio

PUBLICA regularly reviews its investments on the basis of negative criteria and excludes companies that do not adhere to the normative basis. It also conducts an annual strategic risk analysis, prioritises ESG risks that are difficult to quantify, and analyses them in depth. These include risks that could have a significant financial impact on individual companies or sectors. PUBLICA also takes account of positive criteria. This leads to certain investments being preferred or companies being overweighted.