出自哪个讲义？

问题如下：

Exclusions is the implied favored ESG approach of a:

选项：

A.general insurer.

B.charitable foundation.

C.defined benefit pension scheme.

解释：

Different clients (institutional, retail, or private) have different investment objectives, risk/return profiles, and drivers These will influence the type of ESG investing strategies they will consider most attractive The implied favored ESG approach of a charitable foundation is exclusions, to ensure investment is consistent with founding or charitable aims