Annex
Product name:TS Legal entity identifier: 1234FGHJ
Sustainable investment
means an investment in Environmental and/or social characteristics
an economic activity that
contributes to an Did this financial product have a sustainable investment objective?
environmental or social
objective, provided that Yes No
the investment does not
significantly harm any
environmental or social It made sustainable investments with an environmental It promoted Environmental/Social (E/S) characteristics
objective and that the objective: % and while it did not have as its objective a sustainable
investee companies follow investment, it had a proportion of 0 % of sustainable
in economic activities that qualify as environmentally sustainable
good governance
under the EU Taxonomy investments
practices.
with an environmental objective in economic activities that qualify
in economic activities that do not qualify as environmentally
as environmentally sustainable under the EU Taxonomy
sustainable under the EU Taxonomy
The EU Taxonomy is a
classification system laid with an environmental objective in economic activities that do not
down in Regulation (EU) qualify as environmentally sustainable under the EU Taxonomy
2020/852, establishing a
with a social objective
list of environmentally
sustainable economic
activities. That Regulation
does not lay down a list of It made sustainable investments with a social objective: It promoted E/S characteristics, but did not make any
socially sustainable % sustainable investments
economic activities.
Sustainable investments
with an environmental
objective might be aligned
with the Taxonomy or not.
T
To what extent were the environmental and/or social characteristics promoted by this financial product met?
A F
Sustainability indicators
measure how the How did the sustainability indicators perform?
environmental or social
R
characteristics promoted
by the financial product
are attained.
D
…and compared to previous periods?
What were the objectives of the sustainable investments that the financial product partially made and how did the sustainable
investment contribute to such objectives?
How did the sustainable investments that the financial product partially made not cause significant harm to any environmental or
social sustainable investment objective?
How were the indicators for adverse impacts on sustainability factors taken into account?
Were sustainable investments aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on
Business and Human Rights? Details:
Page 1
The EU Taxonomy sets out a “do not significant harm” principle by which Taxonomy-aligned investments should
not significantly harm EU Taxonomy objectives and is accompanied by specific Union criteria.
The “do no significant harm” principle applies only to those investments underlying the financial product that take
into account the Union criteria for environmentally sustainable economic activities. The investments underlying
the remaining portion of this financial product do not take into account the Union criteria for environmentally
sustainable economic activities.
Any other sustainable investments must also not significantly harm any environmental or social objectives.
How did this financial product consider principal adverse impacts on sustainability factors?
Principal adverse impacts
are the most significant
negative impacts of
investment decisions on
sustainability factors
relating to environmental,
social and employee
matters, respect for
human rights, anti-
corruption and anti-
bribery matters.
What were the top investments of this financial product?
Large Investments Sector % Assets Country
The list includes the
T
investments constituting
the greatest proportion of
investments of the
F
financial product during
the reference period
which is:
R A
D
What was the proportion of sustainability-related investments?
Asset allocation describes
the share of investments in What was the asset allocation?
specific assets.
1
Fossil gas and/or nuclear related activities will only comply with the EU Taxonomy where they contribute to limiting climate change (“climate change mitigation”) and do no significant harm to any EU Taxonomy objective - see explanatory note in the left hand margin. The full criteria for
fossil gas and nuclear energy economic activities that comply with the EU Taxonomy are laid down in Commission Delegated Regulation (EU) 2022/1214.
Page 2
Taxonomy-aligned
Other
#1A Sustainable
environmental
#1 Aligned with
E/S
characteristics
#1B Other E/S
Investments Social
characteristics
#2 Other
#1 Aligned with E/S characteristics includes the investments of the financial product used to attain the environmental or social characteristics promoted by the
financial product.
#2 Other includes the remaining investments of the financial product which are neither aligned with the environmental or social characteristics, nor are qualified as
sustainable investments.
In which economic sectors were the investments made?
FT
To comply with To what extent were the sustainable investments with an environmental objective aligned with the EU Taxonomy?
the EU
Taxonomy, the
A
criteria for
fossil gas
include
limitations on Did the financial product invest in fossil gas and/or nuclear energy related activities complying with the EU Taxonomy?
R
emissions and
switching to Yes
fully
D
renewable In fossil gas In nuclear energy
power or low-
carbon fuels No
by the end of
2035. For
nuclear The graphs below show in green the percentage of investments that were aligned with the EU Taxonomy. As there is no appropriate methodology to determine the
energy, the taxonomy-alignment of sovereign bonds*, the first graph shows the Taxonomy alignment in relation to all the investments of the financial product including sovereign
criteria include bonds, while the second graph shows the Taxonomy alignment only in relation to the investments of the financial product other than sovereign bonds.
comprehensive
safety and
waste 1. Taxonomy-alignment of investments including sovereign bonds* 1. Taxonomy-alignment of investmentsexcluding sovereign bonds*
management
rules. 100% 40%
Enabling Turnover 50% 40% 10% Turnover 30% 10% 60%
activities 93% 95%
directly enable
other activities
to make a CapEx 20% 50% 23% 7% CapEx 45% 50% 5%
substantial 25% 82%
contribution to
an OpEx 10% 6% 9% 75% OpEx 8% 34% 40% 18%
environmental
objective.
Transitional 0% 50% 100% 0% 50% 100%
activities are
activities for Taxonomy-aligned: Fossil gas Taxonomy-aligned: Fossil gas
which low- Taxonomy-aligned: Nuclear Taxonomy-aligned: Nuclear
carbon Taxonomy-aligned (no gas and nuclear) Taxonomy-aligned (no gas and nuclear)
alternatives Non Taxonomy-aligned Non Taxonomy-aligned
are not yet This graph represents 0 % of the total investments.
available and
among others
have *For the purpose of these graphs, ‘sovereign bonds’ consist of all sovereign exposures
greenhouse
gas emission
levels What was the share of investments made in transitional and enabling activities?
corresponding
to the best
performance.
Page 3
Taxonomy-
aligned
activities are
expressed as a
share of:
- turnover
reflects the
“greenness”
of investee
companies
today.
- capital
expenditure
(CapEx)
shows the
green
investments
made by
investee
companies,
relevant for a
transition to
a green
economy.
- operational
expenditure
(OpEx)
reflects the
green
operational
activities of
investee
companies.
What investments were included under “other”, what was their purpose and were there any minimum environmental or social
safeguards?
FT
What actions have been taken to meet the environmental and/or social characteristics during the reference period?
R A
D
Page 4
