No consideration of adverse impacts on sustainability factors

Due to legal regulations we are obliged to provide the following information:

Investment decisions may have adverse impacts on the environment, e.g. climate, water, biodiversity, on social and labor issues, and may be detrimental  to the fight against corruption and bribery.

As a matter of principle, we have a considerable interest in fulfilling our responsibility as a financial services provider and contributing to avoid such adverse impacts in the context of our investment decisions. Based on the current state of affairs, however, it would be unreasonable to implement the legal requirements, specified for this purpose, in the light of the still impending or already existing bureaucratic framework conditions. Besides, some major legal issues are still unresolved.

In order to avoid any legal disadvantages, we are currently prevented from issuing a public statement to the effect that and in what way we take into account adverse impacts on sustainability factors (environmental issues, etc.) in the context of our investment decisions. We are therefore required to declare on our website that we will not consider them for the time being, and until further clarification.

We expressly declare that this practice does not change our willingness to contribute to a more sustainable, resource-efficient economy, with the aim of reducing the risks and impacts of climate change and other environmental or social grievances, in particular.