Der Nachhaltigkeitsprozess

THE SUSTAINABILITY PROCESS

Our selection process for suitable investments consists of two processes - the sustainability process and the value investment process 

Titles are subjected to a sustainability rating. Sustainability specialist ACATIS Fair Value Investment supplies the stock universe for the funds. An independent sustainability advisory board monitors the sustainability criteria of the funds. 

COMPANY

 First, issuers that breach our exclusion criteria are filtered out over several steps:

· Companies (or their suppliers) that violate the prohibition on child labour. Companies involved in strategic armaments and weapons, embryonic stem cell research, green genetic engineering, corruption and financial fraud, or companies that generate fossil fuels. The criterion “companies excluded from the Norwegian sovereign wealth fund” was also added.

· Also excluded are companies that derive more than 5% of their sales revenues from e.g. alcohol, nuclear energy, gambling, pornography and tobacco. 

ESG SCORE

Only companies with a positive ESG point score for environment, social issues and governance remain in the sustainability process.

SDG CONTRIBUTION

Subsequently, very positive companies that generate a portion of their sales revenues with products or services that contribute to achieving the sustainable growth targets are filtered out.

COUNTRIES

The sustainability rating for countries, supranational organisations or local entities is also very refined. These issuers are assessed on the basis of the following criteria (among others): Possession of nuclear weapons, death penalty, share of nuclear energy over 15%. Countries that are deemed non-free states according to Freedom House, that have not ratified the UN Convention on Biodiversity, that are rated low in the corruption perception index or that breach the Non-Proliferation Treaty have also been excluded.

Corruption is spreading in more and more countries. Our filter excludes countries affected by corruption. At this time, 94 countries are subjected to the country rating, and only 31 comply with our ethics criteria.

FAIR VALUE UNIVERSE

The result - approximately 3,000 companies and bond issuers, and 31 countries that meet our ACATIS Fair Value criteria.