Sustainability and innovation at the heart of value creation
This page sets out the guidelines adopted by Equiter SGR S.p.A. on environmental, social and governance (ESG) sustainability. Recognising the importance of promoting sustainability principles through investment practices, the Equiter SGR adheres to the PRI (Principles for Responsible Investment), a set of principles established by the United Nations to encourage the integration of ESG considerations into investment decision-making and to enhance the disclosure provided to investors on these matters.
By committing to responsible finance principles and defining a clear sustainability strategy, Equiter SGR works to embed ESG principles and values across its activities, operating with diligence, fairness and transparency in the interest of its investors. Compliance with regulations, ethical standards and transparent business practices is considered to be both an essential requirement and a competitive edge. The appropriate management of risks and opportunities related to environmental and social sustainability and the application of best practices on governance matters are key factors for value creation over the medium to long term.
Disclosure under Regulation (EU) 2019/2088 (SFDR)
Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (SFDR) was adopted in November 2019 and amended in June 2020 by Regulation (EU) 2020/852 (so-called Taxonomy Regulation). The SFDR aims to promote transparency and comparability of information on responsible investment, both at entity and product level, by introducing specific disclosure requirements on the integration of sustainability risks and the consideration of principal adverse impacts on sustainability within investment processes.
As for the policies on sustainability risks adopted by Equiter SGR S.p.A. in its decision-making processes (Art. 3 SFDR), the firm applies a fully integrated ESG approach throughout the investment selection, monitoring and management process, as set out in the Politica di Investimento Responsabile(ESG Policy) Equiter SGR’s ESG Policy ensures that investment activities are carried out solely in the interest of limited partners of its managed funds and with the objective of increasing investment value over time through an approach grounded in the principles of environmental, social and good governance sustainability..
Equiter SGR — which as of the date of its most recent available financial statements employs fewer than 500 FTEs — declares that it does not currently take into account adverse impact on sustainability factors from its investment decisions (the so-called “Principal Adverse Impacts” or “PAIs”), pursuant to Article 4(1)(b) of the SFDR Regulation at entity level.
This choice is driven by (i) the size, nature and scale of Equiter SGR’s activities, (ii) the investment strategy of the funds under management and the related investable universe, characterized by significant exposure to small and medium-scale private companies, not subject to sustainability reporting obligations and not covered by ESG rating agencies, and (iii) the operational burden and methodological complexity involved in obtaining and/or processing and/or monitoring reliable, comparable and consistent data and/or information needed to properly assess PAIs in a reliable, complete and comprehensive manner, in accordance with Annex 1 of Regulation (EU) 2022/1288.
Equiter SGR does, in any case, undertake to periodically review its approach to PAIs, reserving the right to change its position on their consideration and to update this disclosure accordingly.
For more on the sustainability features of each Fund, see the Funds.