Sustainability in your wealth management

Sustainability preferences in this context means the decision of a new customer as to whether and - if so - to what extent one of the following financial instruments should be included in his investment (Art. 2 No. 7 DelVO). The following categories are distinguished:

• Category a): a financial instrument for which the new customer determines that a minimum share is to be invested in ecologically sustainable investments within the meaning of the Taxonomy Ordinance (Art. 2 No. 1)
• Category b): a financial instrument for which the (new) client determines that a minimum proportion is to be invested in sustainable investments within the meaning of the Disclosure Regulation (Art. 2 No. 17);
• or category c): a financial instrument where the most significant adverse impact on sustainability factors ("PAI") is taken into account, whereby the qualitative or quantitative elements demonstrating this consideration are determined by the (potential) client.

With the amendment of the MiFID II Directive as part of the implementation of the EU Action Plan Financing Sustainable Growth, the query of the sustainability preferences of new clients in investment advice and financial portfolio management is to become mandatory.

Based on your stated sustainability preferences, we check which products and investment proposals can and may be offered to you personally. For example, if you indicate that you have no sustainability preferences, you will be given a wider choice.

PAIs (Principal Adverse Impact) are sustainability factors and describe the following in German: The question is to what extent the investment objects can have a negative impact on the environment, social and employee concerns or human rights.

The Disclosure Regulation (EU 2019/2088), together with the Taxonomy Regulation (EU 2020/852), defines new standards for managing sustainability risks and negative sustainability impacts, for advertising social and environmental aspects, and for sustainable investments.

Unfortunately, we do not currently offer any so-called "Article 9 products", so it is not possible to conclude a contract in this area. If you adjust your sustainability preferences, we can in turn provide you with a suitable offer.

You still have the option of traditional investment (Art. 6 Product) if you indicate that you have no sustainability preferences in the sustainability inquiry.

With the help of independent specialists, we are constantly expanding our sustainability portfolio. We currently offer ethical asset management, a product that focuses on the topic of ESG - but it essentially consists of more than just the "Article 9 products" already mentioned.

Our monthly asset management report provides you with an evaluation of the sustainability of each product in your portfolio. You can also obtain this information from the securities' basic information sheets.