INTEGRATION funds

INTEGRATION funds are categorized according to article 8 of Disclosure regulation.

In addition to traditional financial analysis, their goal is to promote environmental and/or social topics, as well as issues in the field of corporate governance (ESG), not only within investment decisions, but also by exerting a direct influence on the management of companies in portfolios (active ownership).

Integration means incorporating ESG criteria (environmental, social and governance) into the investment process because they can have a positive financial impact. Companies with high ESG risk are excluded from investments universe and priority is given to those investments whose ESG characteristics should be expressed in an economic benefit.

Extract from the
exclusion criteria
of Integration funds

⃠ Child labour

⃠ Forced labour

⃠ Discrimination at work

⃠ Violation of human rights

⃠ UN Global Compact

⃠ Food commodities speculations

⃠ Producers of weapons

⃠ Coal mining*

⃠ Power generation from coal*

* max. 5% of revenues

Companies with a high ESG risk are excluded. Analysts recognise investments with ESG characteristics that offer economic advantages. They recommend these investments for INTEGRATION funds.

Generally the condition for investments in INTEGRATION funds is, based on ESG risk analysis, to achieve at least an ESGenius score of 30 points out of 100 possible points for investee issuers.

Scale of ESGenius® score

More information about conditions in the field of sustainability is provided in the sales prospectuses of INTEGRATION funds.