Erste Asset Management

All that glitters is not gold

All that glitters is not gold
All that glitters is not gold
(c) WWF
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In order to produce gold, bauxite, copper, nickel, tin, tantalum, wolfram, and other metallic commodities, forests are cleared, rivers poisoned, people exploited, and entire ecosystems destroyed. Irresponsible production practices in mining have become one of the most significant threats to the environment of our times.

Why are some commodities referred to as conflict minerals?

Metal commodities have become an integral part of our lives. They are in cars, houses, mobile phones, and are also appreciated as investment. However, the globally growing consumption, driven by the rapid distribution of electronic items, has for years now caused rising demand with a bitter aftertaste: human rights violations, armed conflicts, hazardous working conditions, and environmental destruction are a daily occurrence in the production of these commodities across the entire value chain. That’s why they are called conflict minerals.

Where are these conflicts caused by mining most visible?

When vast stretches of land are transformed – especially when large areas of forest are cleared for surface mining. In Brazil alone, almost 10% of Amazonas rainforest disappeared from 2005 to 2015. At the same time, people are invading areas where nature was previously untouched. Streets, rail tracks, dams, and power lines are built in order to create the infrastructure for the mining operations.

Mining thus destroys a growing area of settlement and agriculture – a development with catastrophic consequences for mankind and nature.

About the author:

Georg Scattolin holds a Master in Zoology and Ecology from Vienna University. Prior to joining the WWF in 2005, he had gained experience in the fields of zoology, ecology, environmental education, and environmental protection through various activities at Vienna University, Natural History Museum Vienna, and the International Commission for the Protection of the Danube.

2005 to date: employed at WWF Austria. 2006: Deputy Head of the Team for Sustainable Consumption at WWF Austria; 2006-2008: Head of WWF Austria Engagement with marine issues and sustainable soy in the international team of WWF Austria; 2008-2011: Head of Sea Programme, stationed for six months at Papua New Guinea 2009/10; 2011-2019: Head of International Programme of WWF Austria; project participation in Latin America, South East Asia, in the South Pacific and in the Mediterranean region. From 2019 onwards: Head of Programme Field Global Solutions (International, Climate & Energy, Diet & Consumption).


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



Legal disclaimer

This document is an advertisement. Unless indicated otherwise, source: Erste Asset Management GmbH. The language of communication of the sales offices is German and the languages of communication of the Management Company also include English.

The prospectus for UCITS funds (including any amendments) is prepared and published in accordance with the provisions of the InvFG 2011 as amended. 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 conjunction with the InvFG 2011.

The currently valid versions of the prospectus, the Information for Investors pursuant to § 21 AIFMG, and the key information document can be found on the website under “Mandatory publications” and can be obtained free of charge by interested investors at the offices of the Management Company and at the offices of the depositary bank. The exact date of the most recent publication of the prospectus, the languages in which the key information document is available, and any other locations where the documents can be obtained are indicated on the website A summary of the investor rights is available in German and English on the website and can also be obtained from the Management Company.

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N.B.: The performance scenarios listed in the key information document are based on a calculation method that is specified in an EU regulation. The future market development cannot be accurately predicted. The depicted performance scenarios merely present potential earnings, but are based on the earnings in the recent past. The actual earnings may be lower than indicated. Our analyses and conclusions are general in nature and do not take into account the individual characteristics of our investors in terms of earnings, taxation, experience and knowledge, investment objective, financial position, capacity for loss, and risk tolerance.

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