austrian ecolabel report company cases 2021 fondita

Austrian Ecolabel ReportCompany Cases 2021

Fondita Sustainable Europe

Fondita Fund Management Company Ltd.Company Cases 2021 - Austrian Ecolabel 2 7

Fondita Sustainable Europe

2021Company Cases

Article 9 Dark Green

SFDR Classificaton

Environmental CertificatesThe investment process has been audited by a 3rd party. Read more about the Austrian Ecolabel here: https://www.umweltzeichen.at/en/products/start

Max 5% of the turnover can be derived from the excluded sector.Controversial weapons, Weapons, Nuclear power, Tobacco, Alcohol, Gambling, Pornography, Coal, Uranium, GMO, Fossil fuels, UN Global Compact breaches

The fund excludes the following industries:

Fondita Sustainable Europe invests in attractively valued European companies that have a product or ser-vice which enables reaching lower Co2 emissions and more efficient use of natural resources. In addition to the environmentally focused thematic approach the investment process includes both qualitative and quantitative sustainability factors. The objective is to have holdings with a positive impact on environmental issues via their product/service, as well as their operations. The fund excludes companies with exposure to sectors we perceive as unsustainable or unethical, as well as companies that have severe UN Global Compact breaches. If issues arise regarding ESG we engage through direct dialogue with management. If issues are not properly addressed, we divest the holding.

ESG Approach

Disclaimer informationCurrent Environmental CertificatesThe fund has 2 environmental certificates, the Nordic Swan Ecolabel and the Austrian Ecolabel. The fund needs to fulfil certain sustainability related requirements in the investment process, transparency and consequently the holdings, to maintain these certificates. The fund is audited annually. based on the requirements of the certificates. SFDR-ClassificationSFDR aims to increase transparency on how financial market participants integrate sustainability into their invest-ment decisions and recommendations. It introduces a classification system with new disclosure requirements for investment products.Dark Green (Article 9) – The fund has sustainability as their objective.Light Green (Article 8) – The fund promotes environmental or social characteristics, or a combination.Grey (Article 6) - Funds which do not integrate any kind of sustainability into the investment process.MSCI ESG RatingMSCI assesses thousands of datapoints across 35 ESG Key Issues, focusing on the intersection between a com-panys core business and the industry issues that can create significant risks and opportunities for the company. Companies are rated on a AAA-CCC scale relative to the standards and performance of their peers. Issue scores and weights combine to overall ESG rating. E, S and G scores are also calculated separately.


Verbund AG

VERBUND AG is Austria’s leading electricity company and one of the largest producers of electricity from hy-dropower in Europe. Almost 100 % of Verbund’s electricity generation comes from climate friendly, renewable hydropower. The Company is engaged in the generation and transmission of electricity in Austria. Verbund is Austria’s largest and climate-friendliest electricity producer. It is also active in the energy trading markets. VERBUND generates electricity via its large network of hydroelectric power plants, which accounts for almost 100 % of the power generated, supplemented by wind, solar and thermal power plants, powered by fossil fuels. The Company’s transmission business is run by VERBUND-Austrian Power Grid AG, which operates, maintains, and extends Austria’s high-voltage and extra-high-voltage power grids.

Source: MSCI & verbund.com

Company Case 1

Business Involvement Screens Involvement

ABORTION, ABORTIFACIENTS AND CONTRACEPTIVES No

ADULT ENTERTAINMENT No

ALCOHOL No

ANIMAL WELFARE No

DEFENSE AND WEAPONS No

CIVILIAN FIREARMS No

FUR No

GAMBLING No

GENETIC ENGINEERING No

NUCLEAR POWER No

PORK PRODUCTS No

LENDING PRACTICES / CRA RATING No

STEM CELL RESEARCH No

TOBABBO No

UN Global Compact Screening

Pass

Inclusion criteriaThe turnover from Verbund is 100% thematic from Fondita Sustainable Europe’s perspective. The company fits perfectly into the CO2 reduc-tion enabling theme of the fund. About 90% of the power generated by Verbund is hydropower and wind power. Verbund contributes to avoiding and reducing emissions. It is a very clear case from a sustainability point of view.Exclusion criteriaVerbund does not in any way fill any criteria of exclusion and no breaches to the UN:s Global Compact regulations. This is based on information from the MSCI database.

Global Sanctions / Environment, Social & Labor Metrics Information Available

CHILD LABOR No

WOMEN BOARD MEMBERS Yes

GLOBAL SANCTIONS No

MSCI ESG Rating

AAVery Good


Örsted A/S

Örsted A/S is a Denmark-based energy company engaged in procuring, producing, distributing, and trading energy and related products in Northwestern Europe. The Company operates through three segments: Wind Power, engaged in the development, construction, and operations of wind farms; Bioenergy and Thermal Power, responsible for the generation of electricity and heat from thermal power stations; and Distribution and Customer Solutions, responsible for the purchase, sale, and distribution of energy. Örsted is the world leader in offshore wind. The company supplies green power for more than 15 million people around the world.

Company Case 2




ALCOHOL No

ANIMAL WELFARE No



FUR No

GAMBLING No


NUCLEAR POWER No

PORK PRODUCTS No



TOBABBO No


Pass

Inclusion criteriaThe turnover from Örsted is 100% thematic from Fondita Sustainable Europes perspective. The company fits perfectly into the CO2 reduction enabling theme of the fund. The company produces offshore wind power and therefor a perfect fit for the fund’s CO2 reduction theme. It is a very clear case from a sustainability point of view.Exclusion criteriaÖrsted does not in any way fill any criteria of exclusion and no breaches to the UN:s Global Compact regulations. This is based on information from the MSCI database.


CHILD LABOR No


GLOBAL SANCTIONS No

MSCI ESG Rating

AAAExcellent

Source: MSCI & orsted.com


Vestad Wind Systems A/S

Vestas Wind Systems A/S is the energy industry’s global partner on sustainable energy solutions based in Denmark. They design, manufacture, install, and service wind turbines across the globe. The Company operates through two segments, Project and Service.

The Project segment is responsible for sale of wind power plants and wind turbines, among others. The Service segment contains provision of services related to the Company’s offer, as well as sale of spare parts and other activities. Vestas Wind have installed more wind power than anyone else in the world.

Company Case 3




ALCOHOL No

ANIMAL WELFARE No



FUR No

GAMBLING No


NUCLEAR POWER No

PORK PRODUCTS No



TOBABBO No


Pass

Inclusion criteriaThe turnover from Vestas is 100% thematic from Fondita Sustainable Europes perspective. The company fits perfectly into the CO2 reduction enabling theme of the fund. The turnover comes from either selling of wind turbines / parts or service of own products but also some competitors products. It is a very clear case from a sustainability point of view. It is a very clear case from a sustainability point of view.Exclusion criteriaVestas does not in any way fill any criteria of exclusion. It is a pure play on renewable energy with no breaches of the UN:s Global Compact regulations. This is based on information from the MSCI database.


CHILD LABOR No


GLOBAL SANCTIONS No

MSCI ESG Rating

AAAExcellent

Source: MSCI & vestas.com


Verbio AG

Verbio AG is a German company engaged in the bioenergy sector. The company focuses on production and distribution of biofuels. It operates through two business segments: Biodiesel segment, which produces bio-diesel, and the Bioethanol segment, which produces bioethanol and biomethane. The company also conducts research and development in biofuels and provides engineering services for plant construction. It delivers its products directly to oil companies, oil trading companies, independent filling stations, freight forwarders, municipal utilities, and vehicle fleets. VERBIO’s biofuels achieve CO2 savings of up to 90 percent compared to petrol or diesel. With its innovative processes and highly efficient production plants, VERBIO is a technology leader in the biofuels market

Company Case 4




ALCOHOL No

ANIMAL WELFARE No



FUR No

GAMBLING No


NUCLEAR POWER No

PORK PRODUCTS No



TOBABBO No


Pass

Inclusion criteriaThe turnover from Verbio is 100% thematic from Fondita Sustainable Europes perspective. The company fits perfectly into the enabling a future where natural resources are consumed more efficiently theme of the fund. Exclusion criteriaVerbio does not in any way fill any criteria of exclusion and no breaches to the UN:s Global Compact regulations. This is based on information from the MSCI database.


CHILD LABOR No


GLOBAL SANCTIONS No

MSCI ESG Rating

BBSatisfactory

Source: MSCI & verbio.de


Johnson Matthey Plc

Johnson Matthey is a British provider of catalysts and catalyst systems to reduce emissions from vehicles and industry. The Company serves customers in global automotive, chemicals, pharmaceuticals, and other industrial markets. Johnson Matthey delivers its solutions through four global sectors: clean air, efficient natu-ral resources, health, and new markets. The clean air segment provides catalysts and technologies that abate emissions. The efficient natural resources segment offers products and processes that conserve and recycle scarce resources using less energy and fewer raw materials to chemicals, energy, transport, and healthcare sectors. Health segment provides capabilities in complex chemistry, manufacturing and scale up to create active pharmaceutical ingredients and other solutions for niche areas.

Company Case 5




ALCOHOL No

ANIMAL WELFARE Yes



FUR No

GAMBLING No


NUCLEAR POWER No

PORK PRODUCTS No



TOBABBO No


Pass

Inclusion criteriaThe turnover from Johnson Matthey is 100% thematic from Fondita Sustainable Europes perspective. The company fits perfectly into the CO2 reduction enabling theme of the fund. Johnson Matthey Plc is a provider of catalysts and catalyst systems to reduce emis-sions from vehicles and industry. It is a very clear case from a sustainability point of view.Exclusion criteriaJohnson Matthey does not in any way fill any criteria of exclusion and no breaches to the UN:s Global Compact regulations. This is based on information from the MSCI database.


CHILD LABOR No


GLOBAL SANCTIONS No

MSCI ESG Rating

AAAExcellent

Source: MSCI & matthey.com

austrian ecolabel report company cases 2021 fondita

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