Which of the following is NOT true:

In thematic investment, the aim is to invest in companies whose activity covers one or two areas of sustainable development

Thematic investment allows investors to address ESG issues by investing in specific solutions to them, such as renewable energy, waste and water management, sustainable forestry and agriculture, health products and inclusive finance

Thematic investment consists of screening of investments based on compliance with relevant international norms and standards

Thematic investing is a top$-$down investment approach that relies on research to explore macroeconomic, geopolitical and technological trends