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ESG fueled by the power of 3

Our three-part process enhances our research by integrating material environmental, social and governance (ESG) issues.

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Your gateway to all things ESG at Capital Group

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ESG policy statement

Learn more about how we integrate material ESG risks and opportunities into our investment approach, The Capital System.

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*For corporate holdings, we use two data providers (MSCI and Institutional Shareholder Services Inc. (ISS)) and five different indicators to monitor and flag holdings. These indicators capture materially lower ESG performance relative to peers and potential violations of international norms via the UN Global Compact (UNGC) and Organisation for Economic Co-operation and Development (OECD) Guidelines. For sovereign holdings, our proprietary ESG score for an issuer is a weighted average of its raw scores from three data sources: Notre Dame Global Adaptation Initiative Climate Vulnerability Index, United Nations Human Development Index, World Bank Worldwide Governance Indicators. Historically, our methodology for sovereign holdings has most heavily weighted governance metrics. Governance indicators can provide important signals about a country’s ability to meet its financial obligations. Our monitoring process for municipal bonds focuses on physical climate risks and applies to obligors in certain sectors (excluding tobacco, corporate, housing and gas, as well as escrowed bonds) that exceed 0.25% of the assets of certain U.S.-based mutual funds in the Capital Group complex. We use third-party climate risk scores from Intercontinental Exchange (ICE) to monitor and flag certain large municipal holdings for potential financial risk arising from physical climate hazards. Obligors with physical climate risk scores above our thresholds are escalated for additional analyst review.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.
Advisory services offered through Capital Research and Management Company (CRMC) and its RIA affiliates. Capital Client Group, Inc., member FINRA.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.