1. Social Return on Investment (SROI) is one tool for measuring the social impact generated by an organisation or project. It does so by benchmarking social outputs, such as meals provided or vaccines delivered, and assigning them financial values ($).

1. Consider the main approaches to ESG investing. (min. 200 words)
2. Identify which approach is most likely to use SROI as part of their portfolio construction considerations. (min. 200 words)

2. Answer the following two questions:
   1. Who are the participants in the forward exchange market? What advantages does this market afford these participants? (min. 200 words)
   2. Does Foreign Currency Hedging Pay Off? Please justify your answer with appropriate example. (min. 200 words)