BlackRock is to rename its Impact World Equity fund, the Systematic ESG Equity fund.

The firm says the fund, managed by Anna Hawley and launched in 2015, will now focus on systematic ESG methodology and apply additional screens including the exclusion of controversial weapons, civilian fire arms, tar sands, tobacco, and thermal coal extraction and generation. It will also exclude companies that are in contravention of the UN Global Compact Principles.