Erste Asset Management discloses the CO2 footprint of its equity funds for the first time. The CO2-intensity of all EAM equity mutual funds is at 70.6% as compared to the MSCI world index. Our three responsible equity flagship funds are even below 50% of the referential value.
As part of the Montréal Carbon Pledge which Erste Asset Management signed as first asset management company in Austria in September 2015, we are publishing for the first time the cumulative CO2 footprint of our equity funds. At 70.6%, the footprint falls nearly 30% short of the benchmark index, the MSCI World (as of 30 October 2015).
The climate conference in Paris reminds us how important the curtailing of the emission of greenhouse gases and a sustainable economy are in general. By publishing this key figure we show to what extent our investments contribute to the emission of greenhouse gases.”
Even better values for our EAM-responsible equity funds
Erste Asset Management manages three flagship funds that, relative to the MSCI World index, have even smaller CO2 footprints, i.e. ERSTE RESPONSIBLE STOCK AMERICA (45.4%), ERSTE RESPONSIBLE STOCK GLOBAL (40.7%), and ERSTE RESPONSIBLE STOCK EUROPE (39.9%). We apply stringent criteria and are interested in environmental friendliness and sustainability of the specific companies when selecting the individual shares. This is also reflected in the impressively low number relating to the CO2 footprint.
Please find more information about the calculation method and about the Montréal Pledge on our website: