ESG Global
ESG Risk Report - Arkus Financial Services
ESG Risk Report
The following report provides an assessment of the ESG risk exposures 
adherent to the respective portfolio composition. The report outlines the 
risk associated to all the Environmental, Social and Corporate 
Governance factors that can provide both risks and opportunities and, in 
turn, contribute to the investment decision making process.
Report Date: 19/02/2021
Portfolio Name: ESG Global
Copyright © Arkus Financial Services

ESG Score
ESG Combined Score
Top 5 Companies Controversy Impact
Company
Weight
Impact
APPLE INC.
1.33%
7 â 4
Siemens Aktiengesellschaft
3.66%
9 â 6
VEOLIA ENVIRONNEMENT SA
2.63%
9 â 6
SUEZ SA
2.32%
8 â 5
BRISTOL-MYERS SQUIBB 
COMPANY
1.08%
8 â 6
Social Norms And Controversies Summary
Social Norms
Controversies
Agrochemical
Alcohol
Armaments
Gambling
Nuclear
Pornography
Tobacco
Community
Human Rights
Management
Product 
Responsibility
Resource Use
Shareholders
Workforce
Environmental And Social Impact Summary
Theme
Positions
Weight
Clean Technology
14
27.09%
Green Bond
6
8.92%
Water
3
5.67%
Renewable Energy
2
4.81%
Animal Testing
3
3.76%
Social Bond
1
1.52%
Fossil Fuel
1
1.37%
CO2 Equivalent Emissions Summary
CO2 (kt)
Total
98,344
Scope 1
66,512
Scope 2
29,466
ESG Global
ESG Risk Report - Arkus Financial Services
Summary
This page provides a general overview of the portfolio’s ESG status across various dimensions. Portfolio level ESG coverage, ESG 
score and combined score are displayed, as well as CO2 equivalents. Social norms and controversy-related issues are reported 
according to traffic light scheme. Impact of controversies, which translate the ESG score into the ESG combined score, is also 
presented for the 5 most affected companies in the portfolio. Finally, the presence of environmental and social impact themes is 
reported.
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Portfolio Allocation Summary
Score
ESG
ESG Combined
10
3.55%
1.18%
9
11.88%
5.60%
8
45.50%
42.51%
7
19.34%
19.97%
6
10.76%
18.12%
5
5.47%
7.79%
4
0.00%
1.33%
3
0.00%
0.00%
2
0.00%
0.00%
1
0.00%
0.00%
NR
3.50%
3.50%
Top 5 ESG (Leaders)
Company
Weight
ESG Score
SAP SE
2.36%
10
Alfa Laval AB
1.18%
10
Siemens Aktiengesellschaft
3.66%
9
Stora Enso Oyj
1.79%
9
FLEX LTD.
2.32%
9
Bottom 5 ESG (Laggards)
Company
Weight
ESG Score
ams AG
2.06%
5
CLEAN HARBORS, INC.
1.51%
5
Mayr-Melnhof Karton Aktiengesellschaft
1.90%
5
AKAMAI TECHNOLOGIES, INC.
1.62%
6
ANSYS, INC.
2.82%
6
ESG Global
ESG Risk Report - Arkus Financial Services
ESG Allocation
This page provides the portfolio’s allocation breakdown across all ESG scores and combined scores, as well as the 5 companies with 
the highest (leaders) and lowest (laggards) ESG score. 
Top 5 (Weight)
Company
Weight
ESG Score
APPLIED MATERIALS, INC.
5.32%
8
Siemens Aktiengesellschaft
3.66%
9
FIRST SOLAR, INC.
3.03%
8
TRANE TECHNOLOGIES PLC
2.97%
8
VESTAS WIND SYSTEMS A/S
2.94%
8
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ESG Country Allocation
Sector
Score
Weight
10
9
8
7
6
5
4
3
2
1
NR
Technology
7 (69 / 100)
26.1%
2.4%
2.3%
8.3%
4.2%
6.9%
2.1%
0.0%
0.0%
0.0%
0.0%
0.0%
Industrials
8 (71 / 100)
26.0%
1.2%
0.0%
12.4%
10.9%
0.0%
1.5%
0.0%
0.0%
0.0%
0.0%
0.0%
Utilities
8 (75 / 100)
9.3%
0.0%
2.6%
6.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Basic Materials
7 (67 / 100)
8.8%
0.0%
1.8%
3.4%
0.0%
1.7%
1.9%
0.0%
0.0%
0.0%
0.0%
0.0%
Energy
8 (75 / 100)
7.7%
0.0%
0.0%
7.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Healthcare
7 (67 / 100)
7.1%
0.0%
0.0%
3.3%
0.0%
2.1%
0.0%
0.0%
0.0%
0.0%
0.0%
1.7%
Consumer Non-Cyclicals
9 (86 / 100)
5.1%
0.0%
5.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Financials
7 (69 / 100)
4.3%
0.0%
0.0%
2.0%
2.4%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Consumer Cyclicals
8 (73 / 100)
3.8%
0.0%
0.0%
1.9%
1.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Other
NR
1.8%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.8%
ESG Sector Allocation
Country
Score
Weight
10
9
8
7
6
5
4
3
2
1
NR
United States of America
7 (68 / 100)
38.5%
0.0%
0.0%
18.7%
7.5%
9.0%
1.5%
0.0%
0.0%
0.0%
0.0%
1.7%
France
8 (75 / 100)
14.9%
0.0%
4.1%
6.8%
4.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Germany
9 (86 / 100)
10.8%
2.4%
3.7%
2.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
1.8%
Austria
6 (52 / 100)
5.7%
0.0%
0.0%
1.8%
0.0%
0.0%
4.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Denmark
8 (75 / 100)
5.5%
0.0%
0.0%
5.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Finland
8 (77 / 100)
5.4%
0.0%
1.8%
3.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Italy
7 (68 / 100)
4.7%
0.0%
0.0%
2.3%
2.4%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Sweden
8 (73 / 100)
3.8%
1.2%
0.0%
0.0%
2.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Singapore
9 (85 / 100)
2.3%
0.0%
2.3%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Netherlands
8 (76 / 100)
2.0%
0.0%
0.0%
2.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
United Kingdom
8 (77 / 100)
1.9%
0.0%
0.0%
1.9%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Brazil
6 (57 / 100)
1.7%
0.0%
0.0%
0.0%
0.0%
1.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Norway
7 (64 / 100)
1.7%
0.0%
0.0%
0.0%
1.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Switzerland
7 (69 / 100)
1.2%
0.0%
0.0%
0.0%
1.2%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
ESG Global
ESG Risk Report - Arkus Financial Services
Sector / Country Allocation
This page provides a breakdown of the portfolio’s allocation across two dimensions at the same time: business sector and ESG 
scores; country of risk and ESG scores. 
Copyright © Arkus Financial Services

ESG Pillar Weights
Pillar
Score
Weight
Environmental
8 (73 / 100)
29.71%
    >  Innovation
7 (61 / 100)
11.13%
    >  Resource Use
9 (81 / 100)
9.30%
    >  Emissions
8 (79 / 100)
9.28%
Social
8 (76 / 100)
39.25%
    >  Human Rights
8 (76 / 100)
10.77%
    >  Community
8 (79 / 100)
10.35%
    >  Workforce
8 (78 / 100)
9.64%
    >  Product Responsibility
7 (69 / 100)
8.49%
Governance
7 (65 / 100)
31.04%
    >  Management
7 (66 / 100)
20.70%
    >  Shareholders
6 (59 / 100)
6.21%
    >  CSR Strategy
7 (67 / 100)
4.14%
ESG Pillar Score
10
9
8
7
6
5
4
3
2
1
NR
9.9%
21.4%
25.7%
20.4%
11.9%
3.2%
1.9%
0.0%
0.0%
2.1%
3.5%
11.6%
27.4%
33.1%
9.7%
11.7%
3.1%
0.0%
0.0%
0.0%
0.0%
3.5%
5.1%
10.0%
30.8%
18.0%
15.8%
6.1%
8.0%
2.8%
0.0%
0.0%
3.5%
ESG Pillar Allocation
ESG Global
ESG Risk Report - Arkus Financial Services
ESG Pillars
This page provides a visual representation of the hierarchical relationships that build up the ESG Score: each of the 3 pillars (E, S 
and G) is made of sub categories that have a specific weight. 
Copyright © Arkus Financial Services

Top 5 Environment (Leaders)
Company
Weight
Score
VERBUND AG
1.78%
10
Stora Enso Oyj
1.79%
10
DANONE SA
1.49%
10
Alfa Laval AB
1.18%
10
Siemens Aktiengesellschaft
3.66%
10
Bottom 5 Environment (Laggards)
Company
Weight
Score
ams AG
2.06%
1
Mayr-Melnhof Karton Aktiengesellschaft
1.90%
4
SUZANO S.A.
1.72%
5
CLEAN HARBORS, INC.
1.51%
5
ROPER TECHNOLOGIES, INC.
2.85%
6
Top 5 Biggest CO2 Emissioners
Company
Weight Sector
CO2 (kt)
VEOLIA ENVIRONNEMENT SA
2.63% Utilities
> 10000
L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET 
L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA
1.51% Basic Materials
> 10000
SUEZ SA
2.32% Industrials
> 1000
IREN S.P.A.
2.32% Utilities
> 1000
Stora Enso Oyj
1.79% Basic Materials
> 1000
Sector CO2 Equivalent Emissions (kt)
ESG Global
ESG Risk Report - Arkus Financial Services
Environment
This page provides a more detailed analysis of the portfolio exposures within the space of the environmental pillar. The 5 companies 
with the highest (leaders) and lowest (laggards) environmental pillar score are presented, as well as the top 5 companies with the 
highest level of CO2 emissions. The information is completed by an overview of the CO2 equivalent emissions per business sector. 
Copyright © Arkus Financial Services

Top 5 Social (Leaders)
Company
Weight
Score
SAP SE
2.36%
10
TRANE TECHNOLOGIES PLC
2.97%
10
VEOLIA ENVIRONNEMENT SA
2.63%
10
Stora Enso Oyj
1.79%
10
PEARSON PLC
1.88%
10
Bottom 5 Social (Laggards)
Company
Weight
Score
AKAMAI TECHNOLOGIES, INC.
1.62%
5
CLEAN HARBORS, INC.
1.51%
5
Mayr-Melnhof Karton Aktiengesellschaft
1.90%
6
ROPER TECHNOLOGIES, INC.
2.85%
6
IREN S.P.A.
2.32%
6
ESG Global
ESG Risk Report - Arkus Financial Services
Social
This page provides a more detailed analysis of the portfolio exposures within the space of the social pillar. The 5 companies with the 
highest (leaders) and lowest (laggards) social pillar score are presented, as well as the top 5 companies with the highest involvement 
in social norms breaches. 
Board
Manager
Employees
Company
Weight Agrochemical
Alcohol
Armaments
Gambling
Nuclear
Pornography
Tobacco
Siemens Aktiengesellschaft
3.65%
ANSYS, INC.
2.82%
FLEX LTD.
2.32%
CUMMINS INC.
1.94%
Stora Enso Oyj
1.79%
Top 5 Social Norms Breach
Gender Diversity
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End poverty in all its forms 
everywhere
End hunger, achieve food 
security and improved nutrition 
and promote agriculture
Ensure healthy lives and 
promote well-being for all at all 
ages 
Ensure inclusive & equitable 
quality education and promote 
lifelong learning opportunities
Achieve gender equality and 
empower all women and girls
16.39%
14.05%
43.29%
46.74%
42.48%
Ensure availability and 
sustainable management of 
water and sanitation for all
Ensure access to affordable 
reliable, sustainable and modern 
energy for all
Promote sustained, inclusive 
and sustainable economic 
growth, full and productive 
employment and decent work for 
all
Build resilient infrastructure, 
promote inclusive and 
sustainable industrialization and 
foster innovation
Reduce inequality within and 
among countries
39.92%
50.51%
50.33%
44.45%
23.23%
Make cities and Human 
settlements inclusive, safe, 
resilient and sustainable
Ensure sustainable consumption 
and production patterns
Take urgent action to combat 
climate change and its impacts.
Conserve and sustainably use 
the oceans, seas and marine 
resources for sustainable 
development.
Protect, restore and promote 
sustainable use of terrestrial 
eco-systems, sustainably 
manage forests, combat 
desertification.
32.40%
55.48%
54.39%
21.14%
24.42%
Promote peaceful and inclusive 
societies for sustainable 
development, provide access to 
justice for all.
Strengthen the means of 
implementation and revitalize the 
global partnership for 
sustainable development.
31.79%
34.64%
ESG Global
ESG Risk Report - Arkus Financial Services
SDG Goals
This page provides an overview of the portfolio’s standing in terms of adherence and support to the 17 Sustainable Development 
Goals designed by the United Nations (https://sdgs.un.org/goals). 
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ESG Global
ESG Risk Report - Arkus Financial Services
Sourcing of ESG Data
At Arkus Financial Services, we have elected to partner with Refinitiv, a leading data provider in financial services, to 
deliver best-in-class, reliable data and analytics on Environmental, Social, and Governance (ESG) factors, with the 
promise to effectively supply meaningful portfolio reports and monitoring to our clients on ESG risks surrounding their 
respective portfolios.
We have chosen to partner with Refinitiv because they offer one of the most comprehensive ESG databases in the 
industry, covering over 70% of the global market cap, across more than 450 different ESG metrics, with a history dating 
back to 2002. Among many other beneficial features, the Refinitiv platform assures a high degree of practicality when 
integrating the relevant data into third-party models, automatically processing the ESG data and scores with ease into the 
system. Thus, enabling a quick turn-around for Arkus to factor the coherent ESG risks for an asset managers’ portfolio, the 
resultant reports and portfolio risk analyses will be displayed through our risk monitoring platform, Risk Radar.
However, Arkus´ system also provides the framework to integrate ESG data from other data providers.
About us
Since 2003 we have made it our goal to provide asset managers across Europe with flexible, independent and cost-
effective investment risk management solutions. We have developed unique risk monitoring and data management skills 
that enable us to create efficient, high-quality investment risk management reports for a range of investment vehicles and 
fund structures.
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Our risk service offering is NOT based on the traditional model of purchased software. Our clients don't have to invest in 
technology, hire additional staff or manage the strenuous data management process. Arkus integrates all these moving 
parts into one service offering, allowing our clients to focus on their core business. Our dedication to quality and service 
has enabled us to support investment risk functions for major financial institutions across Europe. 
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During uncertain times, it is particularly important for investment managers to have a high quality, efficient, and cost-
effective independent risk management function.  We specialize in independent risk management, which means that we 
have a deep and up to date understanding of the regulatory pressures, demands, and restrictions. 
Disclaimer
This report belongs exclusively to Arkus Financial Services, Luxembourg (together with "Independent Risk Monitoring 
Limited"). The document is intended solely to provide information about the business of Arkus Financial Services and its 
ESG risk solution offering. The document and its content may only be used by the intended person or company to which it 
has been distributed by Arkus Financial Services. Without exception, the document and its content should not be copied, 
used by, distributed or made available to any other person or company besides the intended person and/or company. 
Arkus Financial Services takes all reasonable care to ensure the correctness and accuracy of the information disclosed in 
the document, at the time of distribution. 
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