Templeton Global Climate Change Fund

LU0029873410

Issuer	Franklin Templeton International Services S.à r.l.
Fund provider	Franklin Templeton International Services S.à r.l.
Fund type/Asset class	Equity fund
Legal form	SICAV
Fund issue date	05/03/2018
Last Update	06.06.2023
Benchmark	MSCI All Country World Index
Tranche	Private Investors Institutional Investors foundations

Risk Indicator (PRIIP)
4 of 7

Licensed in
D, A, CH, LU

Classification by SFDR
Article 9

EU Taxonomy
5.0% aligned

% of Sustainable Investments according to SFDR
-

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	90 % to 100 %
Bonds	Excluded
Money market/Bank deposits	0 % to 10 %
Commodities	Excluded
Direct investments	Excluded
Derivatives	0 % (for hedging only)
Other	-

Sustainability approach

Principal Adverse Impacts	Greenhouse Gas Emissions Water Waste Biodiversity Energy Efficiency and Fossil Fuels Social and Employee Matters
Further remarks on the consideration of SDGs	-
Rationale behind classification according to SFDR	Article 9 The Fund is classified as Article 9 under EU Sustainable Finance Disclosure Regulation and aims to contribute towards climate change mitigation and adaptation as considered by the Paris Climate Agreement while increasing the value of its investments over the medium to long term.
Engagement	Yes, organized internally Link to engagement policy
Voting	Yes, organized internally Link to voting policy
Best-in/of-Class	No
ESG-Integration	Yes In developing their forecasts, analysts assess how ESG risks and opportunities may affect the returns companies will earn on their business over our investment horizon. Our ESG integration approach includes regular dialogue with companies, monitoring material ESG issues as part of our investment process, voting all proxies and being an active owner.
Norm-based screening	UN Global Compact ILO core labour standards OECD Guidelines for Multinational Enterprises
Themes	Climate change The fund invests in companies that stand to benefit financially and competitively from the transition to a low-carbon economy - companies that provide products and services that help reduce emissions, improve resource efficiency and limit the physical consequences of climate change, and companies transitioning their businesses to be more resilient.
Impact Investing	Environmental https://www.franklintempleton.lu/download/en-lu/educational-material/d92b92b7-fbf5-4475-a00b-0edd483858ee/Templeton-global-climate-change-fund-quarterly-impact-report.pdf
Further information on the sustainability approach	The fund will not invest in fossil fuel producers, controversial weapons producers (anti-personnel mines, nuclear weaponry, biological & chemical weaponry and cluster munitions), tobacco (10% or more of revenues), conventional weapons (5% or more of revenues), nuclear power (5% or more of revenues). Link to sustainability approach

Research and Transparency

In-house sustainability analysis	Yes, 7 Sustainability Analysts; 34 Financial Analysts
Research partners	No
Percentage of portfolio with sustainability analysis	100 %
Strategically important suppliers included	Yes
Sustainability advisory committee	No
Analysis of portfolio CO2	Yes, both forward and backword-looking indicator Historical company and portfolio carbon footprint and intensity, net zero alignment, scenario analysis
Sustainability reporting	Yes https://www.franklintempleton.lu/download/en-lu/educational-material/d92b92b7-fbf5-4475-a00b-0edd483858ee/Templeton-global-climate-change-fund-quarterly-impact-report.pdf
At least monthly portfolio publication	Yes Link to monthly portfolio publication
Certification/Label awarded by independent auditors	FNG Label ★★★ Austrian Ecolabel Other Febelfin (Belgium)
Contact for inquiries	Jamie Mackintosh (jamie.mackintosh@franklintempleton.com)

Environmental

Exclusion of sectors / areas of business – companies

Fossil fuels (Coal, Oil and Gas)	Yes
Nuclear power (operation and components)	Yes 5 % Turnover threshold
Green genetic engineering	Yes 5 % Turnover threshold
Chlorine and agrochemicals (biocides)	No
Other	coal power generation, oil- based power generation, oil services, thermal coal refining, crude oil refining or palm oil 5 % Turnover threshold

Exclusion of business practices – companies

Environmentally damaging behaviour	Yes
Damage to biodiversity	Yes
Other	-

Exclusion criteria – countries

Non-ratification of the Paris Climate Agreement	N/A
Non-ratification of the Protocol on Biosafety	N/A
Non-ratification of the UN Biodiversity Convention	N/A
Nuclear power by proportion of gross energy production	N/A
Other	-

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 5 % Turnover threshold
Pornography	Yes 1 % Turnover threshold
Spirits/Alcohol	Yes 5 % Turnover threshold
Gambling	Yes 1 % Turnover threshold
Other	-

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	N/A
Violation of human rights	N/A
Military spending as a percentage of GDP	N/A
Death penalty, torture	N/A
Countries classified by Freedom House as not free	N/A
Violations of the Nuclear Non-Proliferation Treaty	N/A
Violations of other non-proliferation treaties	N/A
Other	-

Governance

Exclusion of business practices – companies

Corruption and bribery	Yes
Tax: planned avoidance & detected violations	No
Other	-

Exclusion criteria – countries

Corruption	N/A
Other	-

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.

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