I think you have to mandate that all the components of ESG have equal weighting, and that includes the S as well as the E and the G.
I also think, in terms of social risk and social factors, that often companies think of gender diversity on their board. Do they celebrate LGBTQ+ month and things like that while they neglect basic human rights?
I think if you were to require companies to take human rights seriously, that would probably transform the emerging markets index over night, because China is not the only one that has human rights issues. There are many countries and there are many companies that are involved with states that have appalling human rights records.