The implementation of SFDR and EU taxonomy has given Asgard Asset Management a chance to review the ESG and Sustainable policies and outlook for our funds. We have long been investing responsibly as the investment universe of our strategies does not allocate funds to companies, industries, sectors or countries that are not environment friendly or live up to our ESG standard. This ensures that the fixed income strategies do not support any negative ESG and Sustainability impacts.
We take a holistic approach on ESG. This means that we prefer ESG-labeled bonds, but we try to see through this by looking at where the proceeds are going. In our view, non-labeled bonds may in fact be ESG friendly.
Sustainability Factors means environmental, social and employee matters, respect for human rights, anti-corruption and anti-bribery matters.
Sustainable Investment means an investment in an economic activity that contributes to an environmental objective, as measured by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, the production of waste, greenhouse gas emissions, or its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective (in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations), or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration or staff and tax compliance.
Sustainability Risk means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of an investment, including but not limited to, risks stemming from climate change, natural resource depletion, environmental degradation, human rights abuses, bribery, corruption and social and employee matters.