ESG Publications Overview
Within the framework of the European Commission's Green Consumption Pledge, we have committed ourselves to regularly informing our clients about current ESG topics and activities by publishing 100 articles on this topic on our financial blog until the end of 2023.
Here you can find our blog posts on the topic of sustainability.
2023
2022
2021
Standardised reporting on Sustainable Development Goals (SDGs) on a regular basis
The ‘Sustainable Development Goals’ are a global call to fight poverty, protect the planet and improve living conditions and prospects for all people. The 17 goals were adopted by all UN member states in 2015 as part of the ‘2030 Agenda for Sustainable Development’, which sets out a 15-year plan to achieve the goals.
The 17 SDGs are interlinked - meaning this reflects the fact that actions in one area have an impact on outcomes in other areas and that development must achieve a balance between social, economic and environmental sustainability.
Erste Asset Management GmbH (EAM) supports the Sustainable Development Goals of the United Nations. Consequently, EAM analyses and illustrates the contribution of the companies included in the funds managed by EAM to these goals. Thus, we are accountable and intend to encourage companies to behave in a more sustainable way and contribute to these goals. This is in line with Erste Group Bank AG's commitment under the Green Consumption Pledge, an initiative of the European Commission's Consumer Agenda to promote climate action and build a greener Europe. Currently, the investment strategies of the investment funds managed by EAM are not explicitly aligned with one or more SDGs. The regular SDG reporting therefore does not address individual investment strategies, but currently only contains standardised statements.
Sustainable investments are intended to make a positive contribution to the SDGs. By taking sustainability criteria into account, companies whose economic activities positively affect the achievement of the SDGs are given preference, while negative sustainability impacts are minimized. However, certain economic activities and sectors show an overall negative contribution to the SDGs. This is also evident for investment funds that invest specifically in such sectors due to their underlying investment strategy.
How are SDG contributions calculated?
EAM calculates the SDG contributions of each company invested in the respective investment fund. The calculations are based on the revenue shares of all activities of the companies included in the investment fund that make a positive and/or negative contribution to the 17 SDGs. Since certain activities can contribute to more than one SDG, overlaps and double counting are possible. The focus on companies means that little to no information is available for bond funds that invest predominantly in government bonds. Investments in government bonds are therefore currently not considered in the calculation of SDG contributions.
Based on the calculated SDG contribution of each issuer and its relative portfolio weight, the overall SDG contribution is calculated. The largest contributors to the Sustainable Development Goals are identified.
The data used to calculate the SDG contributions is collected and regularly updated by the external data provider ISS ESG.
Standardised reporting on the SDGs is conducted on a regular basis for the following funds:
Please note the important legal information as well as the risk notes at the bottom of the page for each investment fund.
Disclaimer:
This document is an advertisement. All data is sourced from Erste Asset Management GmbH, unless indicated otherwise. Our languages of communication are German and English.
The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH, pursuant to the provisions of the AIFMG in connection with the InvFG 2011.
The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the web site www.erste-am.com within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.
The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.
This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund. Please note that investments in securities entail risks in addition to the opportunities presented here. The value of shares and their earnings can rise and fall. Changes in exchange rates can also have a positive or negative effect on the value of an investment. For this reason, you may receive less than your originally invested amount when you redeem your shares. Persons who are interested in purchasing shares in investment funds are advised to read the current fund prospectus(es) and the Information for Investors pursuant to § 21 AIFMG, especially the risk notices they contain, before making an investment decision. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.
Please consult the corresponding information in the fund prospectus and the Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of fund shares to American citizens. Misprints and errors excepted.