Sustainable approaches and disclosures
Whilst the implemented sustainable approaches of the SICAV’s asset managers may vary, FDC endeavours to implement overarching criteria. These criteria are currently the LuxFLAG label eligibility criteria as well as the EU Sustainable Finance Disclosure Regulation (SFDR) criteria. It is worth mentioning that although FDC’s SICAV is out of scope of given regulation, FDC has decided to voluntarily comply with the SFDR regulation in the interest of transparency and to be able to report in a predefined and standardised format.
Indeed, SFDR imposes various sustainability-related disclosures both at entity and financial product level. Entity level disclosures should notably address how sustainability risks are integrated and how principal adverse impacts (PAIs) are assessed. These disclosures can be found below.
At financial product level, SFDR classifies products into three categories:
- Article 6: products without a sustainability scope.
- Article 8: products that promote environmental and/or social objectives and may invest in sustainable investments, but do not have sustainable investing as core objective.
- Article 9: products that make a positive impact on society or the environment through sustainable investments and have a clear sustainable investment objective
Under SFDR, Article 6 products must nevertheless disclose the manner in which sustainability risks are integrated into their investment decisions as well as an assessment of the likely impacts of sustainability risks on returns. These information are included in the SICAV's issue document.
In addition to the information on sustainability risks, Article 8 or 9 products must disclose on a variety of sustainability and ESG topics to be materialised within:
- specific website disclosures;
- pre-contractual disclosures as per pre-defined templates;
- periodic disclosures as per pre-defined templates.
Divulgations in relation to the SICAV's Article 8 or 9 financial products can be found below.
Allianz Global Investors implements sustainable approaches for an Euro-denominated green bonds sub-fund, an Euro-denominated bonds sub-fund and a global small cap equities sub-fund on behalf of FDC's SICAV.
The sustainable approaches are labelled "ESG" by LuxFLAG. The Euro-denominated green bonds sub-fund is classified SFDR Article 9 whereas the Euro-denominated bonds sub-fund and the global small cap equities sub-fund are classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
Amundi Asset Management implements a sustainable approach for an Euro-denominated bonds sub-fund and an emerging markets bonds sub-fund on behalf of FDC's SICAV.
The sustainable approaches are labelled "ESG" by LuxFLAG and both sub-funds are classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
AXA Investment Managers implements sustainable approaches for an Euro-denominated liquidities sub-fund and for a global bonds sub-fund on behalf of FDC's SICAV.
The sustainable approaches are labelled "ESG" by LuxFLAG and both sub-funds are classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
BlackRock Investment Management implements a sustainable approach for an indexed Paris aligned global bonds sub-fund on behalf of FDC's SICAV.
The sub-fund is classified SFDR Article 8.
CBRE Global Investment Partners implements a sustainable approach for a global real estate sub-fund on behalf of FDC's SICAV.
Click here to visualise CBRE Global Investment Partners' sustainable approach.
Franklin Templeton Investment Management implements a sustainable approach for a global bonds sub-fund on behalf of FDC's SICAV.
The sustainable approach is labelled "ESG" by LuxFLAG and the sub-fund is classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
HSBC Global Asset Management implements sustainable approaches for a Euro-denominated bonds sub-fund as well as for a global equities sub-fund on behalf of FDC's SICAV.
The sustainable approaches are labelled "ESG" by LuxFLAG and both sub-fund are classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
Impax Asset Management, to whom the financial management is delegated by BNP Paribas Asset Management, implements a sustainable approach for a sustainable impact equities sub-fund on behalf of FDC's SICAV.
The sustainable approach is labelled "Environment" by LuxFLAG and the sub-fund is classified SFDR Article 9.
Click here to visualise LuxFLAG's eligibility criteria in relation to its Environment label.
LaSalle Investment Management implements a sustainable approach for a global real estate sub-fund on behalf of FDC's SICAV.
Click here to visualise LaSalle Investment Management's sustainable approach.
MFS Investment Management Company implements a sustainable approach for an emerging markets equities sub-fund on behalf of FDC's SICAV.
The sustainable approach is labelled "ESG" by LuxFLAG and the sub-fund is classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
Neuberger Berman Asset Management implements a sustainable approach for a global bonds sub-fund on behalf of FDC's SICAV.
The sustainable approach is labelled "ESG" by LuxFLAG and the sub-fund is classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
Robeco Institutional Asset Management implements a sustainable approach for a global equities sub-fund on behalf of FDC's SICAV.
The sustainable approach is labelled "ESG" by LuxFLAG and the sub-fund has been classified as SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
State Street Global Advisors implements a sustainable approach for an indexed Paris aligned global equities sub-fund on behalf of FDC's SICAV.
The sub-fund is classified SFDR Article 8.
Union Investment Institutional implements a sustainable approach for a global equities sub-fund on behalf of FDC's SICAV.
The sustainable approach is labelled "ESG" by LuxFLAG and the sub-fund is classified SFDR Article 8.
Click here to visualise LuxFLAG's eligibility criteria in relation to its ESG label.
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