15 sustainable funds of Erste Asset Management with highest award

15 sustainable funds of Erste Asset Management with highest award
15 sustainable funds of Erste Asset Management with highest award
(c) Erste AM
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  • All submitted sustainable funds of Erste Asset Management awarded top marks by the association for sustainable investments Forum Nachhaltige Geldanlagen (FNG)
  • Total amount of sustainable investments in Austria increased by 29% in 2020 compared to the previous year and reached a new record volume at the end of 2020

All submitted sustainable investment funds of Austrian fund company Erste Asset Management (Erste AM) were awarded the highest possible FNG Siegel – the quality standard for sustainable investment funds in German-speaking countries – today. The Forum for Sustainable Investments e.V. (FNG) is the professional association for sustainable investments in Germany, Austria, Liechtenstein and Switzerland.

According to the FNG, the total amount of money invested in Austria, taking into account strict environmental, social and responsible corporate governance (ESG)-related criteria, increased by 29 percent in 2020, reaching a new record volume of 38.9 billion euros at the end of 2020. Sustainable investment funds in particular saw significant inflows, with a volume of EUR 21.2 billion, up around 44 percent year-on-year.

“Positive change is possible. With every additional investor who opts for a sustainable investment fund, the pressure on companies to take sustainable criteria into account in their corporate orientation increases. Here we have been able to demonstrate countless successes in the past and are also very positive for the future,” emphasizes Walter Hatak, Head of Sustainability at Erste Asset Management.

281 funds in German-speaking countries checked through their paces

The FNG seal, which is awarded for the 6th time this year, is the quality standard for sustainable investment funds in German-speaking countries. The holistic methodology of the FNG seal is based on a combination of ESG standards and several transparency criteria as well as the consideration of labor & human rights, environmental protection or anti-corruption.

281 funds applied for the SRI quality standard FNG Seal. This is 60 percent more than last year and 7 times more since the label was launched in 2015. The number of fund houses applying increased from 73 to 102, and these come from 14 countries.

“ESG is not done yet. After all, that would mean that the climate crisis has been defeated and corporate social ills have been eliminated. We are working every day to achieve this goal, but it will still take some time. The recent award where we received the highest score for all funds submitted (15 in total) confirms that we are on the right track and take our responsibility as an Austrian sustainability pioneer very seriously,” Hatak continues.

Market leader in Austria: more than 14 billion euros in sustainable funds  

With a sustainably invested volume of more than EUR 14 billion (as of 31.10.2021), in a total of 50 sustainable mutual funds and several special funds of a broad expertise, Erste AM is the market leader and pioneer in the sustainability sector in Austria: already in 2001, the first environmental equity fund was launched, which has been managed in cooperation with WWF Austria since 2006. In 2009, Erste AM was the first fund company in Austria to sign the United Nations Principles for Responsible Investment (UN PRI).

Since 2012, the fund company has refrained from investing in outlawed weapons, excluded food speculation in all mutual funds in 2013 and has excluded investments in coal mining since 2016. In addition, the fund company decided back in 2015 to sign the Montréal Carbon Pledge agreement. Erste AM thus undertakes to measure and publish the carbon footprint of its portfolios on an annual basis.

Read all about greenwashing and sustainable investing in our new ESGenius newsletter:

https://blog.en.erste-am.com/dossier/greenwashing/

AWARDED ERSTE AM-FUNDS

·       ERSTE ETHIK AKTIEN GLOBAL
·       ERSTE ETHIK ANLEIHEN
·       ERSTE GREEN INVEST
·       ERSTE RESPONSIBLE BOND
·       ERSTE RESPONSIBLE BOND EM CORPORATE
·       ERSTE RESPONSIBLE BOND EURO CORPORATE
·       ERSTE RESPONSIBLE BOND GLOBAL HIGH YIELD
·       ERSTE RESPONSIBLE BOND GLOBAL IMPACT
·       ERSTE RESPONSIBLE RESERVE
·       ERSTE RESPONSIBLE STOCK AMERICA
·       ERSTE RESPONSIBLE STOCK EUROPE
·       ERSTE RESPONSIBLE STOCK GLOBAL
·       ERSTE RESPONSIBLE STOCK DIVIDEND
·       ERSTE STOCK ENVIRONMENT
·       ERSTE WWF STOCK ENVIRONMENT

The FNG (Forum Nachhaltige Geldanlagen e.V.), the professional association for sustainable investments in Germany, Austria, Liechtenstein and Switzerland, represents over 220 members who are committed to more sustainability in the financial industry. www.forum-ng.org    

The FNG Seal is the quality standard for sustainable investment funds in German-speaking countries.

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Legal note:
Prognoses are no reliable indicator for future performance.

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This document is an advertisement. Unless indicated otherwise, source: Erste Asset Management GmbH. 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.

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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.