Sustainable Investment

Sustainable investment is one of the main drivers for the progress of companies and society.
Sustainable Investment

Sustainability criteria

We believe that sustainability criteria are part of the risks and opportunities faced by companies in today's world and therefore the integration of these aspects into their business strategy and corporate culture is not only a positive action, but a necessary one.

What is a Sustainable Investment?

Sustainable investment means an investment in an economic activity that contributes to:

  • an environmental objective: as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or  
  • a social objective: in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities,

provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance.

What is a Sustainable Investment?
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    Further to the adoption of the 2015 Paris Agreement on climate change, the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure requirements in the financial services sector ("SFDR") is part of the European Union Action Plan for Financial Sustainable Growth released on 2018 with the aim to:

    • Reorient capital flows towards sustainable investment;
    • Mainstreaming sustainability into risk management;
    • Fostering transparency and long-termism.

    The main objective of SFDR is to establish harmonised rules for sustainability-related disclosures and contains transparency obligations on a product and entity level applying, among others, to UCITS and AIF SICAVs and their Management Companies, with the aim to enhance transparency on three main topics:

    • Sustainability risks;
    • Principal adverse impacts of investment decisions on sustainability factors;
    • Promotion of environmental or social characteristics and of sustainable investments.