EAM discloses CO2 footprint of its equity funds

EAM discloses CO2 footprint of its equity funds
EAM discloses CO2 footprint of its equity funds
Ⓒ iStock.com
Created by | Published on | Topics: Sustainability Download as PDF
Tags:
Share post:

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.”

1

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.

2

Please find more information about the calculation method and about the Montréal Pledge on our website:
http://www.erste-am.at/en/private_investors/our-solutions/responsible-investment/montreal-pledge

 

RESPOND TO THE ARTICLE

Gerold Permoser has been Chief Investment Officer at Erste Asset Management since early April 2013.

He is responsible for all asset management activities and investment strategies for all investment funds held by the Erste Asset Management Group in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary. Before joining the company, he served this function at Macquarie Investment Management Austria KAG. Permoser has gathered experience in investments since 1997.

He began his career as a fixed-income analyst at the Creditanstalt in Vienna. He moved to asset management at Innovest KAG in 2000. He made significant contributions in the investment field there and advanced to CIO (director of asset allocation and research). Gerold Permoser studied at the University of Innsbruck and is a CFA charter holder. He offers training at the University of Vienna and at various post-graduate institutions for analysts and portfolio managers (i.e., at VÖIG, the Association of Austrian Investment Fund Companies).

MORE ON THE SUBJECT

Legal disclaimer

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 Information Document 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 Information 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.

Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to § 21 AIFMG of the respective fund. 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.

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.