Publications & guidelines

Our sustainable exclusion criteria

You can download the exclusion criteria as pdf document

Since 2013, Erste Asset Management has committed itself to refrain from investing in food in all the investment funds it manages and from investing in derivatives.

_{In order to keep exclusion criteria operationally feasible in the sense of a detection limit, these refer to practicable / available reference values such as company turnover, share of total reserves for companies or GDP for countries. The exclusion criteria also apply to consolidated shareholdings (> 50% shareholding).}

_{* The ESG Integration funds include: AllStars Balanced, AllStars Multi Asset, AllStars Opportunities, Avantgarde Global Bond Fonds, Avantgarde Global Equity Fonds, CORE Balanced, CORE Dynamic, ERSTE BOND COMBIRENT, ERSTE BOND CORPORATE BB, ERSTE BOND CORPORATE PLUS, ERSTE BOND DOLLAR, ERSTE BOND DOLLAR (EUR), ERSTE BOND DOLLAR CORPORATE, ERSTE BOND DOLLAR CORPORATE (EUR), ERSTE BOND EM CORPORATE, ERSTE BOND EM CORPORATE IG, ERSTE BOND EM CORPORATE IG (EUR), ERSTE BOND EURO CORPORATE, ERSTE BOND EUROPE HIGH YIELD, ERSTE BOND INFLATION LINKED, ERSTE BOND INTERNATIONAL, ERSTE BOND USA CORPORATE, ERSTE D-A-CH Fonds, ERSTE FUTURE INVEST, ERSTE MORTGAGE, ERSTE OPPORTUNITIES MIX, ERSTE PORTFOLIO BOND EUROPE, ERSTE RESERVE CORPORATE, ERSTE RESERVE DOLLAR, ERSTE RESERVE DOLLAR (EUR), ERSTE RESERVE EURO, ERSTE RESERVE EURO PLUS, ERSTE STOCK BIOTEC, ERSTE STOCK QUALITY, ERSTE STOCK QUALITY OPPORTUNITIES, ERSTE STOCK QUALITY VALUE, ERSTE STOCK REAL ESTATE, ERSTE STOCK TECHNO, ERSTE STOCK VALUE, ERSTE STOCK VIENNA, ERSTE STOCK WORLD, ERSTE TOTAL RETURN FIXED INCOME, FTC Gideon I, PIZ BUIN GLOBAL, PRO INVEST CARE, RT Österreich Aktienfonds, RT VIF Versicherung International Fonds, RT Zukunftsvorsorge Aktienfonds, Top Strategie Aktiv, Top Strategie Zukunft, TOP-Fonds IV „Der Planende“ der Steiermärkischen Sparkasse, YOU INVEST FLEXIBLE active, YOU INVEST FLEXIBLE balanced, YOU INVEST FLEXIBLE Portfolio 30, YOU INVEST FLEXIBLE Portfolio 50, YOU INVEST FLEXIBLE progressive}

_{** The ESG Responsible funds with possible holdings of issues by companies and/or sovereigns include: CORE Equities, CORE Equities Europe, CORE Equities USA, ERSTE FAIR INVEST, ERSTE FONDSKONZEPT 24-1, ERSTE GREEN INVEST, ERSTE GREEN INVEST MIX, ERSTE RESPONSIBLE BOND, ERSTE RESPONSIBLE BOND (CZK), ERSTE RESPONSIBLE BOND EM CORPORATE, ERSTE RESPONSIBLE BOND EM LOCAL, ERSTE RESPONSIBLE BOND EURO CORPORATE, ERSTE RESPONSIBLE BOND GLOBAL HIGH YIELD, ERSTE RESPONSIBLE BOND GLOBAL IMPACT,  ERSTE RESPONSIBLE BOND MÜNDEL, ERSTE RESPONSIBLE RESERVE, ERSTE RESPONSIBLE STOCK AMERICA, ERSTE RESPONSIBLE STOCK DIVIDEND, ERSTE RESPONSIBLE STOCK EUROPE, ERSTE RESPONSIBLE STOCK GLOBAL, ERSTE RESPONSIBLE STOCK GLOBAL (CZK), ERSTE RESPONSIBLE STOCK JAPAN, GreenStars Balanced, GreenStars European Equities, GreenStars Moderate, GreenStars Opportunities, T 1750, T 1751, T 1851, T 1852}

_{¹ International Labour Organization (ILO)
² According to Erste AM Coal Divestment Policy
³ Commission Delegated Regulation (EU) 2020/1818 of July 2020.
⁴ Only those companies whose human embryonic stem cell research is associated with the destruction of embryos are excluded.
⁵ According to Erste AM Soft-Commodity Speculation Policy
⁶ According to Erste AM Banned Weapons Policy
⁷ See common military list of the European Union – dual-use products need not to be excluded.
⁸ Based on data from Climate Watch, averaged over the maximum of the last three available years.}

Please note the warnings and risk notes at the end of the document linked here.