Sustainability risks mean an environmental, social or governance-related event or condition that, if it occurs, could cause an actual or potential negative impact on the value of the investment or society. For us, therefore, a responsible investment, regardless of management profile, means one that, in addition to financial returns, also takes into account the associated sustainability risks. Therefore, sustainability risks are integrated into all our funds' investment decision processes.
Read more about Finserves Nordic's handling of responsible investments, as well as the integration of sustainability risks in Finserve Nordic's policy for responsible investments.
Based on the requirements of the European Union Regulation 2019/2088, there is further description of the funds' integration of sustainability risks and strategy described in the respective information brochure.
In order to effectively manage the integration of sustainability risks in the ongoing management, the board of Finserve has adopted the Policy for the Integration of Sustainability Risks, which all funds under Finserve's management must follow. In addition to guidance to investment professionals regarding Finserve's responsible investment process, the Policy contains an exclusion list. The purpose of this is to ensure that investments do not take place in companies and in industries that Finserve considers to be in direct conflict with the sustainability commitment Finserve's board has adopted.
We exclude companies involved in products and services in controversial weapons such as cluster munitions, anti-personnel landmines, nuclear weapons, biological weapons, chemical weapons, tobacco, pornography, coal, and uranium mining. The funds also exclude companies that violate international conventions and that are subject to international sanctions. Even companies whose operations do not fall under the exclusion list can involve sustainability risks. These may, but do not have to be decisive for which investments are selected in the respective fund, given that they are compatible with the individual fund's information in relation to the EU's regulation on sustainability-related information or the Sustainable Finance Disclosure Regulation ("SFDR").
The SFDR was introduced to increase transparency, publish sustainability information at company or product level and classify products based on its ambition and strategy for sustainable investments
Dark green – Art.9
Funds with sustainability as a goal (Article 9)
Light green – Art.8
Funds that promote, among other things, environmental or social characteristics, or a combination of these characteristics, but do not have it as an objective (Article 8)
Others – Art.6
Funds that either integrate sustainability risks into their investment decision processes or not.
2) Integrates sustainability risks and, in addition to corporate governance characteristics, also promotes environmental and/or social characteristics:
3) Integrates sustainability risks without the fund promoting environmental and/or social characteristics in accordance with the requirements set on the basis of the SDFR:
Finserve is a management company with several innovative funds, all with a clear management profile in the interest and equity areas. The fund offering spans several investment strategies and geographies and thus has relatively different sustainability risks associated with its investments. The ability to consider in each investment decision whether the investment's main negative consequences for sustainability factors such as environmental, social and personnel-related issues, business ethics, respect for human rights and the fight against corruption and bribery therefore differ between funds
The main negative consequences of investment decisions for sustainability factors are taken into account in fund management in funds that have been selected ("Opt-in"). Funds selected ("Opt-out") fall under funds under Finserve Noric's overall process for responsible investments.
In accordance with the template presented in the final proposal for the SFDR related technical standards as presented by the European Banking Authority (EBA), a fund that has chosen Opt-in must present an account of its management of negative consequences for sustainable development no later than January 1, 2023 (eng. "Principal adverse sustainability impacts statement") and further "PAI statement". A fund that has chosen Opt-in must, despite the application of the technical standards not yet having come into effect, in accordance with the SFDR, already now provide an account of how the ongoing management proceeds to identify and prioritize main negative consequences for sustainability factors. This statement is provided for the funds that have chosen Opt-in in the respective fund's current format of its PAI statement.
Based on the requirements of Regulation 2019/2088/EU and, where applicable, further described in the relevant funds' PAI Statement.
Sustainability risks are an environmental, social, or corporate governance-related circumstance that could have a significant negative impact on the development and value of the investment. For us, therefore, a responsible investment, regardless of management profile, means that, in addition to financial returns, also takes into account the associated sustainability risks. Therefore, sustainability risks are integrated into all our funds' investment decision processes.
Read more about our compensation principles on the page Important information.
Finserve has signed the UN Principles for Responsible Investment (UN PRI), the world's largest cooperative body for responsible investment. The fact that Finserve is a signatory also means that all funds under Finserve's management are obliged to incorporate PRI's six principles for responsible investments. The agreement is not binding, but by signing the principles, Finserve has committed with funds to incorporate and implement the ESG aspects (Environmental, Social and Corporate Governance) in the daily work and in the investments. The commitment is evaluated annually by submitting a report on our work with sustainable investments. At the beginning of 2021, Finserve joined the organization Sweden's Forum for Sustainable Investments (SWESIF), an independent association for cooperation in sustainability issues. During the first half of 2022, development work will take place to align the Sustainability Profile with the disclosure requirements set by SFDR. When the work is complete, the idea is that the Sustainability Profile should, in a clear way, give investors the opportunity to compare funds connected to the Sustainability Profile regarding which sustainability criteria they use in their management based on the requirements set by the EU. When this work is completed, Finserve will publish its funds' respective Sustainability Profiles on its website.
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