Market-rate Concessionary Limited or no focus on ESG factors Excluding investments based on harmful products, services or practices Focus on creating and protecting value through consideration of ESG factors Focus on one or a cluster of issue areas, where social or environmental need creates a commercial growth opportunity for market-rate returns Focus on one or a cluster of issue areas, where social or environmental need requires some financial trade-off Focus on one or a cluster of issue areas, where social or environmental need requires financial trade-off Our approach We support entrepreneurial non-profit organizations and social enterprises that create positive, high-impact and measurable social and environmental benefits through our employee foundation PG Impact (Verein).