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INFORMATION ON FINANCIAL PRODUCTS ACCORDING TO DISCLOSURE REGULATION (EU) 2019/2088 OF NOVEMBER 27, 2019
Sustainability Disclosures
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SUMMARY
The financial product is the financial portfolio management or investment advice offered by us in various investment strategies.
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“NO SUSTAINABLE INVESTMENT OBJECTIVE”
Ecological or social initiatives are promoted with this financial product, but no sustainable investments are targeted.
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“ECOLOGICAL OR SOCIAL FACTORS OF THE FINANCIAL PRODUCT”
When there are sustainability mandates, the selection of financial instruments in the implementation of the agreed investment strategy is focused on avoiding adverse effects on environmental, social and employee concerns or making a contribution to respecting human dignity as well as fighting corruption and bribery.
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“INVESTMENT STRATEGY”
We rely on the sustainability research done by ISS ESG for the sustainability assessment of individual securities. You will find more information here.
To determine the degree to which the aforementioned sustainability concerns are taken into account in the invested financial instruments, we are currently using the rating system from the company ISS ESG, one of the world’s leading, sustainable research agencies, and Refinitiv. If we include investment funds in the sustainable investment strategies, we select fund concepts that are classified as sustainable by the product providers (capital management companies).
We generally view the adverse effects on sustainability concerns to be sufficiently considered in a mandate if the external ISS ESG risk rating for a financial instrument invested in such has a rating of C+, or C for the external Refinitiv ESG risk rating, and the internal ESG rating for the entire portfolio is not constantly below C+. Other rating scores can be agreed upon for individual financial instruments and for the entire portfolio.
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“ALLOCATION OF INVESTMENTS”
See section “Pre-contractual product information according to Article 14 of Delegated Regulation (EU) 2022/1288 of April 6, 2022”
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“MONITORING OF ECOLOGICAL OR SOCIAL FACTORS”
Ecological or social factors are monitored through the risk classification by the rating agency ISS ESG.
We generally view the adverse effects on sustainability concerns to be sufficiently considered in a mandate if the external ISS ESG risk rating for a financial instrument invested in such has a rating of C+, or C for the external Refinitiv ESG risk rating, and the internal ESG rating for the entire portfolio is not constantly below C+.
Rating changes are monitored and evaluated at regular intervals. -
“METHODS”
The financial product is classified on the basis of the ISS ESG rating and/or Refinitiv.
You will find more information here. -
“DATA SOURCES AND PROCESSING”
- The sustainability research by ISS ESG and Refinitiv is used.
- The methods for collecting the data are provided transparently and checked for plausibility.
- The data are used for the financial product in our investment process.
- No data are assessed by Lunis.
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“METHODOLOGICAL AND DATA LIMITATIONS”
We are not aware of any limitations at the present time.
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“DUE DILIGENCE”
The selection of financial instruments for the financial product also takes account of negative or exclusion criteria to ensure a very high standard in investment decisions related to ESG and to consider potential risks. When the portfolio is constructed, consideration is given only to issuers with at least an ISS ESG rating of [C+] or at least a Refinitiv ESG rating of [C]. The ESG rating for the entire portfolio may not be constantly below C+.
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“PARTICIPATION POLICY”
Since we do not make any direct investments, the participation policy does not apply.
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“SPECIFIC BENCHMARK”
No benchmark is used.
PRE-CONTRACTUAL INFORMATION ON FINANCIAL PRODUCTS REFERRED TO IN ARTICLE 8 PARAS. 1, 2 AND 2A OF REGULATION (EU) 2019/2088 AND ARTICLE 6 PARA. 1 OF REGULATION (EU) 2020/852
| Name of product | Financial portfolio management or investment advice |
| LEI code | 529900TPGTVU8EHK2750 |
ECOLOGICAL AND/OR SOCIAL FACTORS
| Are sustainable investments targeted with this financial product? | No. |
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| What ecological and/or social factors are promoted with this financial product? | The aim of this financial product is to limit the investment in terms of ESG risks. The rating used for this purpose also takes account of ecological and social factors. No benchmark is used. No specific ecological or social initiatives are promoted and the objective is not to specifically contribute to ecological or social objectives. |
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No individual sustainability indicators are drawn on; rather, only a complete ESG rating is used. |
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No sustainable investments are targeted. |
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No sustainable investments are targeted. |
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The main adverse effects on sustainability factors listed in Appendix 1 of Delegate Regulation (EU) 2022/1288 were not taken into account in the investment decision on sustainability factors in accordance with Article 2 no. 24 of Regulation 2019/2088. |
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No sustainable investments are targeted. |
| Are the main adverse effects on sustainability factors taken into account with this financial product? | No. |
| What investment strategy is pursued with this financial product? | The sustainable investment strategy is based on a combination of a “best-in-class approach”, which does not per se exclude any company on account of its business operations and considers controversial issues. We also have our own negative and exclusionary criteria. |
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For a mandate, we generally consider adverse effects on sustainability concerns to be adequately taken into account if the ESG risk rating for an invested financial instrument has an ISS ESG C+ rating, or a C rating for the Refinitiv ESG risk, and the ESG rating for the entire portfolio is not constantly below C+.
Other rating scores can be agreed upon for individual financial instruments and for the entire portfolio. |
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Not applicable |
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The assessment of good corporate governance practices is part of the ESG rating. |
| What asset allocation is planned for this financial product? | Investments should be made in liquid financial products via individual assets, ETFs and funds. The ISS ESG rating for the entire portfolio may not be constantly below C+. The percentage of investments with a minimum ISS ESG risk rating of C+ or C for the Refinitiv ESG risk rating. No sustainable investments are targeted.
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Derivatives are used to hedge the portfolio. |
| To what minimum extent do sustainable investments conform to an environmental target in the EU taxonomy? | No sustainable investments are targeted. |
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No sustainable investments are targeted. |
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No sustainable investments are targeted. |
| How high is the minimum percentage of sustainable investments with an environmental objective not in accordance with the EU taxonomy? | No sustainable investments are targeted. |
| What investments fall under “#2 Other investments”? What investment purpose is pursued with them? And is there ecological or social minimum protection? | The selection of financial instruments in the implementation of the agreed investment strategy should be focused on avoiding adverse effects on environmental, social and employee concerns or making a contribution to respecting human dignity as well as fighting corruption and bribery. The ecological and social minimum protection is ensured by a minimum ESG rating for the portfolio. |
| Where can I find additional product-specific information on the internet? | More product-specific information can be found at: www.lunis.de |
KEINE BERÜCKSICHTIGUNG VON NACHHALTIGEN AUSWIRKUNGEN AUF NACHHALTIGKEITSFAKTOREN
Sustainability and conserving ecological resources including fair living conditions is a central topic for us of great significance. Long-term, sustainable profits can only be achieved when the living conditions for future generations are maintained. As part of the financial economy, we see ourselves as having a special responsibility to promote climate protection goals with the funds from financial investments and thereby contribute to a more sustainable economy.
In accordance with Article 7 of the EU Ordinance on Taxonomy, we are obligated to inform you when the investments on which the financial products in the financial portfolio management and the investment advice are based do not take the EU criteria for ecologically sustainable business activities into consideration.
Additional information is gathered from the following documents.
