Responsible Investment Universe

Responsible Investment Universe
Responsible Investment Universe
iStock
Share post:

The definition of the investment universe is the most important step in the construction of a fund.

Admitted June – August 2018

Unilever N.V. (sector: Personal Products), EAM ESG rating 08/2018 of C+, is a British-Dutch group and one of the biggest producers of consumer goods with 400 brands across 14 categories. The product portfolio includes globally known brands such as Axe, Dove, Knorr, Lipton, and Omo.

  • 😊 Strategy to ensure sustainable water consumption in agricultural production along the value chain
  • 😊 The majority of the bigger locations with significant environmental footprint have a certified environmental management system in place
  • 😊 Good structures for the implementation of the right of freedom of association and collective bargaining
  • 😢 Significant share of products that are associated with health issues such as obesity, diabetes, etc. Slow expansion of the range of organic and/or healthier products

Basque Government (Sustainability Bond) (Municipal/county bond), EAM ESG rating 08/2018 of B-. Issue by the Basque Autonomous Community to promote the sustainable and efficient financing of ecological, economic, and social challenges in the region according to Agenda 2030, the Sustainable Development Goals (SDGs) of UNO.

  • 😊 Validated framework that is based on the guidelines of the Principles of Green Bonds, Social bond, and Sustainability Bond of 2017
  • 😊 Issue proceeds exclusively earmarked for projects in the areas of affordable living, access to education and healthcare, job creation, renewable energy, public transportation, energy efficiency, measures for the adjustment to climate change etc.
  • 😊 Annual reporting on the use of funds via the website of the Autonomous Government planned

Excluded

BRF S.A. (sector: Packaged Foods & Meats), EAM ESG rating 08/2018 of C-, a group in the food industry that resulted from the merger of the foodstuff producers Perdigão and Sadia, headquartered in Brazil. The company is one of the world’s biggest producers of poultry and poultry products. In addition, the range of products also includes margarine, sweets, sandwiches, mayonnaise, and pet food.

  • 😢 Exclusion due to fall in the ESG rating below the required threshold
  • 😢 Insufficient efforts to ensure sustainable water consumption in the company and the sustainability of agricultural production along the value chain
  • 😢 Lacklustre efforts to guarantee ethical animal housing in the company and at suppliers
  • 😢 No indicators of measures aimed at the promotion of sustainable agriculture in the company and throughout the supply chain
  • 😊 Slow adjustment to healthcare and nutritional aspects in production (less trans fats, sugar, natrium etc.)

 

Sources:

Unilever N.V.
Website AT, ISS-oekom, MSCI ESG

Basque country
Agenda 2030 Baskenland (page 138 in English), Sustainalytics Second-Party Opinion Basque Government Sustainability Bond

BRF S.A
Website, FORM 20-F (Annual Report), Website AT, ISS-oekom, MSCI ESG

 

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

DOSSIER

RESPOND TO THE ARTICLE

Legal 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.