Berenberg Sustainable Multi Asset Dynamic
LU2393249755, LU2393249169, LU2393250688
| Issuer | Universal-Investment-Luxembourg S.A. |
|---|---|
| Fund provider | Joh. Berenberg, Gossler & Co. KG |
| Fund type/Asset class | Mixed fund |
| Legal form | FCP |
| Fund issue date | 06/12/2021 |
| Last Update | 25.04.2024 |
| Benchmark | Independently composed benchmark (30% bonds, 65% equities, 5% liquidity) |
| Tranche | Private Investors |
Risk Indicator (PRIIP)
4 of 7
Licensed in
D,
LU
Classification by SFDR
Article 9
EU Taxonomy
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% of Sustainable Investments according to SFDR
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Principal Adverse Impacts
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
Sustainable Development Goals
No Poverty
Zero Hunger
Good Health and Well-being
Quality Education
Gender Equality
Clean Water and Sanitation
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
Reduced Inequality
Sustainable Cities and Communities
Responsible Consumption and Production
Climate Action
Life Below Water
Life on Land
Peace and Justice Strong Institutions
Partnerships to achieve the Goal
Normal allocation
| Equities | 50 % to 90 % |
|---|---|
| Bonds | 0 % to 35 % |
| Money market/Bank deposits | 0 % to 50 % |
| Commodities | Excluded |
| Direct investments | Excluded |
| Derivatives | Excluded (for hedging only) |
| Other | - |
Sustainability approach
| Principal Adverse Impacts |
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
The Fund takes into account the principal adverse impacts on sustainability factors (PAIs) through binding elements of its investment strategy. More specifically, PAIs are taken into account through activity-based exclusions based corporate revenues, norms-based exclusions and the Berenberg Net Impact Model to select investments. |
|---|---|
| Further remarks on the consideration of SDGs | - |
| Rationale behind classification according to SFDR | Article 9 |
| Engagement | Yes, organized internally Link to engagement policy |
| Voting | Both internally and externally Link to voting policy |
| Best-in/of-Class | No |
| ESG-Integration | Yes |
| Norm-based screening |
UN Global Compact
ILO core labour standards
OECD Guidelines for Multinational Enterprises
Other
MSCI ESG Controversy Red Flags
|
| Themes |
Climate change
Agriculture and forestry
Social projects
Renewable Energies
Biodiversity
Water
SDGs
Education
All portfolio positions of the fund generate added value for the environment and society through their products or services. Specifically, we focus on the positive contribution to solving four global challenges, which in turn include some of the topics of the Sustainable Development Goals. These global challenges also represent the investment themes of the fund:
(i) Demography & Health, through medical care, health and sustainable nutrition.
(ii) Climate Change, by sustainable solutions for reducing carbon emissions;
(iii) Responsible Use of Resources, through efficient technologies and services; and
(iv) Sustainable Growth & Innovation, through infrastructure, fair working conditions and financial inclusion.
|
| Impact Investing |
Environmental
Social
Governance
In the Berenberg Sustainable Multi Asset Dynamic we complement the established integration of ESG factors with the inclusion of companies and issuers that help to solve global challenges with their products and services. The fund invests in holdings whose business models or dedicated projects create a positive and measurable added value for the environment and society and which is based on structural growth trends and sustainable profitability, both in terms of its nature and longevity. A selection of investable Sustainable Development Goals (SDGs) serves as the starting point for the definition of our four global challenges, which also represent the investment themes of the fund. These are Demography & Health, Climate Change, Responsible Use of Resources and Sustainable Growth & Innovation. All of the funds’ portfolio holdings are thoroughly assessed in a proprietary impact measurement model (“Net Impact Model”) for their positive as well as potentially negative contribution to solving one or more of these four challenges. Additionally, we map portfolio holdings to the Sustainable Development Goals based on their contribution.
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| Further information on the sustainability approach | At Berenberg Wealth and Asset Management (WAM), we consider ESG aspects as one of the key factors in our investment decision making. We recognize that the integration of ESG helps our portfolio management to adequately analyse risk and return. To minimize certain risks arising from controversial business areas or problematic business practices, we use ESG exclusion criteria. We also place a strong focus on positive factors that promote and sustain earnings growth, such as good corporate governance. In addition to our own research, we use external ESG data to understand the sustainability profile of companies and issuers. We strive to identify material factors that are critical to improving long-term returns and the sustainability profile as part of a comprehensive ESG investment process. Internally, we discuss ESG issues openly, building on our culture of supportive collaboration among all teams. This open dialogue among our investment and ESG professionals allows us to integrate their industry experience and knowledge into our ESG approach and to develop and strengthen it continuously further. Dialogues with companies are an important pillar for us in order to gain a better understanding of ESG capabilities and to communicate our views. Participation in sector and investor initiatives is important for us in order to hold exchanges with other investors and companies, to engage jointly “with one voice” and, ultimately, to support positive change. Link to sustainability approach |
Research and Transparency
| In-house sustainability analysis | Yes |
|---|---|
| Research partners | Yes MSCI ESG, RepRisk, IVOX Glass Lewis |
| Percentage of portfolio with sustainability analysis | 100 % |
| Strategically important suppliers included | Yes |
| Sustainability advisory committee | Advisory Berenberg WAM ESG Commitee |
| Analysis of portfolio CO2 | Yes, backward-looking indicator Among other things, we measure the Weighted Average Carbon Intensity, which indicates the exposure of the portfolio to CO2-intensive activities and thus gives a measure of CO2/climate risk. |
| Sustainability reporting | Yes Sustainability reporting takes place in monthly updated factsheets and in an annually updated impact report. Upon request, we provide interested and invested clients with further information. |
| At least monthly portfolio publication | No |
| Certification/Label awarded by independent auditors |
FNG Label ★★★
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Environmental
Exclusion of sectors / areas of business – companies
| Fossil fuels (Coal, Oil and Gas) | Yes 5 % Turnover threshold |
|---|---|
| Nuclear power (operation and components) | Yes 5 % Turnover threshold |
| Green genetic engineering | No |
| Chlorine and agrochemicals (biocides) | No |
| Other | Unconventional Oil & Gas |
Exclusion of business practices – companies
| Environmentally damaging behaviour | Yes |
|---|---|
| Damage to biodiversity | Yes |
| Other | Negative impact on biodiversity and other environmentally damaging activities reflected by excluding MSCI ESG controversy red flags and UN Global Compact Principles violations; additionally included in ESG/ impact analysis. |
Exclusion criteria – countries
| Non-ratification of the Paris Climate Agreement | Yes |
|---|---|
| Non-ratification of the Protocol on Biosafety | No |
| Non-ratification of the UN Biodiversity Convention | Yes |
| Nuclear power by proportion of gross energy production | Yes |
| Other | Basel Convention, Kyoto Protocol |
Social
Exclusion of sectors / areas of business – companies
| Weapons/Armaments | Yes 5 % Turnover threshold |
|---|---|
| Cluster bombs and anti-personnel mines | Yes |
| Weapons of mass destruction (ABC/CBRN) | Yes |
| Tobacco products | Yes |
| Pornography | Yes 5 % Turnover threshold |
| Spirits/Alcohol | Yes 5 % Turnover threshold |
| Gambling | Yes 5 % Turnover threshold |
| Other | Weapons for retail purposes |
Exclusion of business practices – companies
| Labour rights (ILO core labour standards) | Yes |
|---|---|
| Exploitative child labour | Yes |
| Violation of human rights | Yes |
| Animal testing | No |
| Other | - |
Exclusion criteria – countries
| Labour rights | No |
|---|---|
| Violation of human rights | No |
| Military spending as a percentage of GDP | No |
| Death penalty, torture | Yes |
| Countries classified by Freedom House as not free | Yes |
| Violations of the Nuclear Non-Proliferation Treaty | Yes |
| Violations of other non-proliferation treaties | No |
| Other | Labour rights and human rights violations are part of the ESG analysis |
Governance
Exclusion of business practices – companies
| Corruption and bribery | Yes |
|---|---|
| Tax: planned avoidance & detected violations | Yes |
| Other | Reflected by excluding MSCI ESG controversy red flags and UN Global Compact Principles violations; additionally included in ESG/ impact analysis. |
Exclusion criteria – countries
| Corruption | Yes |
|---|---|
| Other | Political stability and peace |
More on data availability
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EU Taxonomy
It is possible that reported KPIs for taxonomy eligibility and alignment (being limited to corporate issuers / including only selected economic activities) are low or that KPIs cannot be reported due to limited data availability. Data may be available with a time lag. Data comparability may be limited due to differences in the scope of the economic activities considered. As soon as data is available in sufficient quantity and quality, it will be published in accordance with regulatory requirements.
Quelle: Unternehmensangaben. | Für die Angaben der Unternehmen kann keine Haftung übernommen werden. Die Angaben dienen nur zur Information und stellen keine Beratung oder Empfehlung dar. Bitte beachten Sie den Haftungsausschluss unter www.forum-ng.org/disclaimer. Das FNG-Nachhaltigkeitsprofil bietet nur einen ersten Überblick und ist kein Ersatz für eine eigenständige Analyse. Weiterführende Erläuterungen finden Sie unter www.forum-ng.org
FNG-Sustainability profiles disclaimer
- Bei den vorstehenden Angaben im Rahmen der FNG-Nachhaltigkeitsprofile handelt es sich lediglich um Zusammenstellungen, Übersichten oder Sortierhilfen, die vom Forum Nachhaltige Geldanlagen e.V. wertungsfrei bereitgestellt werden.
- Es wird ausdrücklich darauf hingewiesen, dass das Forum Nachhaltige Geldanlagen e.V. weder die Richtigkeit und Vollständigkeit noch die Plausibilität der in den FNG-Nachhaltigkeitsprofilen enthaltenen Angaben überprüft hat. Diese Angaben beruhen ausschließlich auf den von den jeweiligen Anbietern bereitgestellten Daten, auf die das Forum Nachhaltige Geldanlagen e.V. keinen Einfluss hat.
- Die Aktualität der eingegebenen Daten richtet sich nach dem im FNG-Nachhaltigkeitsprofil des jeweiligen Produkts angegebenen Aktualisierungsdatum, wiedergegeben ist also der Stand zu diesem Datum. Im Zweifel sind die bei der jeweiligen KVG hinterlegten Daten als aktuell zu betrachten. Das Forum Nachhaltige Geldanlagen e.V. hat darauf jedoch keinen Einfluss und kann daher keine Gewähr für eine jederzeitige Aktualität übernehmen, da die FNG-Nachhaltigkeits-Inhalte von den Anbietern selbst zu befüllen und ggf. zu aktualisieren sind.
- Die in den FNG-Nachhaltigkeitsprofilen bereitgestellten Informationen stellen keine Anlageempfehlungen dar. Sie dienen lediglich Informationszwecken zu bestimmten Nachhaltigkeitsaspekten und können weder eine fachgerechte Anlageberatung noch eine qualifizierte Produktaufklärung ersetzen. Es wird daher empfohlen, vor Kauf oder Verkauf der in den FNG-Nachhaltigkeitsprofilen aufgeführten Anlageprodukte die Dienste eines professionellen Anlageberater in Anspruch zu nehmen und die vollständigen Verkaufsunterlagen (insbesondere Verkaufsprospekt) des jeweiligen Anlageprodukts aufmerksam durchzulesen. Insoweit wird ergänzend darauf hingewiesen, dass Anlageprodukte generell mit Verlustrisiken bis hin zu einem Totalverlust behaftet und auch in der Vergangenheit erzielte Gewinne kein zuverlässiger Indikator für zukünftige Ergebnisse sind.