Selection of Etica Transizione Climatica. The fund is designed for investors who wish to invest responsibly, aiming for a moderate increase in capital, with particular attention to aspects related to the transition to a low-carbon impact economy. It balances the opportunities for revaluation of the equity markets with a solid bond base.
Negative selection
We exclude companies negatively involved in corruption, respect for the environment, respect for workers’ rights.
We do not invest in the fields of oil and mining. It is suspended the financial sector i.e. investment companies, insurance industry and banking industry, except for Green and Sustainable Bonds issues.
We exclude from our portfolios securities issued by governments that impose the death penalty or do not guarantee civil liberties, freedom of the press and political rights.
We say NO to investments in companies involved in activities or sectors such as the use of fossil fuels, the development or use of nuclear energy, possession of bituminous sands, manufacture of armaments, gambling.
Anti-personnel mines and cluster munitions: Law 220/2021
It should be noted that, with regard to the controversial weapons sector—and more specifically, anti-personnel mines and cluster munitions and submunitions—Etica Sgr has always excluded from its investments any companies involved in the design, development, production, use, maintenance, distribution, storage, transport, or sale of such weapons or their key components. This exclusion is based on information provided by ESG data providers, publicly available lists (such as those compiled by NGOs specializing in the subject), and is implemented through appropriate procedural safeguards aimed at preventing the financing of such companies, in accordance with the provisions of Law 220/2021[1]. The public lists consulted by the Sgr are approved from time to time by the Board of Directors of Etica Sgr, after consultation with the Ethics Committee.
Positive selection
We say YES to the opportunity to invest in companies that demonstrate an active contribution to the climate transition, by analysing the trend in climate-altering emissions, investments allocated to the expansion or development of projects in the renewable energy sector compared with those directed towards fossil fuels, and the percentage of energy from renewable sources used. For each company, an environmental, social and governance assessment is also carried out, based on more than 700 indicators, alongside a specific analysis by Etica Sgr of sustainability areas considered strategic by the Sgr itself. The companies are then compared with the performance of their peers (“sector best-in-class” approach) and assessed for their exposure to reputational risks linked to ESG issues.
We also say YES to the opportunity to invest in the most virtuous countries, especially from an environmental perspective, by carrying out a specific analysis based on more than 80 indicators.
Only issuers that pass all the tests laid down by our methodology can be part of the investment universe of the Etica Transizione Climatica Fund.
[1] and the subsequent “Instructions from the Bank of Italy, Covip, Ivass, and the Ministry of Economy and Finance (MEF) for the implementation of enhanced controls on the activities of Authorized Intermediaries to prevent the financing of companies involved in the production of anti-personnel mines and cluster munitions and submunitions.”
Green Bonds | Etica Transizione Climatica
The nature of the Etica Transizione Climatica fund means that the Investable Universe admits a type of financial instrument known as Green Bond.
Before subscribing, please read the KIDs and Prospectus available from placing agents.
The placement of the “Linea Valori Responsabili” and “Linea Futuri Responsabili” funds is only available in Italy. For further information, please refer to the Italian version of the website.