Responsible funds

Invest with a view to the future

What is a responsible fund?

Numerous international studies confirm that responsibility and yield do not contradict each other. The sustainable funds of Erste Asset Management invest in companies that comply with strict criteria in terms of environmental policies, corporate governance, and general social responsibility. Our RESPONSIBLE funds are managed according to a clearly structured investment approach and benefit from sustainable trends such as renewable forms of energy.

ESG Company Snapshots

Please find selected ESG Company Snapshots for all our responsible equity and bond funds:

Our current investment tip

ERSTE RESPONSIBLE STOCK DIVIDEND

ERSTE RESPONSIBLE STOCK DIVIDEND

ERSTE RESPONSIBLE STOCK DIVIDEND is a sustainability equity fund with a focus on dividend that invests worldwide. The fund focuses on large-cap to mid-cap shares of companies, with attractive dividend yields and comparably low price fluctuations in the past.

Exclusion Criteria for the Responsible Funds

   

Minimum

Requirements

(affects all mutual funds of Erste AM)

ERSTE RESPONSIBLE RESERVE

 

ERSTE RESPONSIBLE BOND

 

ERSTE RESPONSIBLE BOND EURO CORPORATE

 

ERSTE RESPONSIBLE BOND GLOBAL IMPACT

 

ERSTE RESPONSIBLE STOCK AMERICA

 

ERSTE RESPONSIBLE STOCK EUROPE

 

ERSTE RESPONSIBLE STOCK GLOBAL

 

ERSTE RESPONSIBLE STOCK DIVIDEND

ERSTE RESPONSIBLE BOND EM CORPORATE ERSTE WWF STOCK ENVIRONMENT

ABORTION

Producers of abortion drugs as well as operation of abortion clinics   max. 5% of revenues   zero tolerance
ANIMAL TESTING Unless required by law   zero tolerance   zero tolerance
ARMS/WEAPONS

Producers and traders of weapons, weapon systems, controversial weapons, i.e., nuclear, biological, and chemical weapons, cluster munitions, anti-personnel mines, uranium ammunition

exclusion

controversial weapons

zero tolerance zero tolerance zero tolerance
  Top 100 arms-producing & military services companies in the world (SIPRI)   zero tolerance   max. 5% of revenues
BANKS AND FINANCIAL SERVICES Systematic violations of accepted business practices   zero tolerance   zero tolerance
BUSINESS MALPRACTICE Accounting fraud and corruption: non-compliance with legal requirements   zero tolerance zero tolerance zero tolerance
CHILD LABOUR

Child labour in massive violation of the fundamental principles of the ILO Declaration

  zero tolerance

no relevance

zero tolerance
COAL MINING Coal mining and liquefaction to fuels   max. 5% of revenues max. 5% of revenues zero tolerance
  Producers of coal power   max. 5% of revenues   zero tolerance

EMBRYONIC RESEARCH

Specialized companies   zero tolerance zero tolerance zero tolerance
FRAUD AND CORRUPTION Disregard of legal regulations   zero tolerance zero tolerance zero tolerance
GAMBLING Operators and specialized manufacturers  

max. 5% of revenues

max. 5% of revenues

zero tolerance
GMO Producers of manipulated seeds   zero tolerance zero tolerance zero tolerance
  Use of manipulated seed     zero tolerance zero tolerance
NUCLEAR POWER

Producers of nuclear power, key components for nuclear power stations as well as producers and traders of uranium

  zero tolerance zero tolerance zero tolerance
 

Traders of key components for nuclear power stations 

 

max. 5% of revenues

zero tolerance zero tolerance

PREGNANCY TERMINATION

Commercial abortion clinics and pharmaceuticals   max. 5% of revenues zero tolerance no relevance
PORNOGRAPHY Producers of pornography   zero tolerance zero tolerance zero tolerance
  Trader of pornography   max. 10% of revenues max. 10% of revenues zero tolerance

TOBACCO

Producers of end products   zero tolerance max. 5% of revenues zero tolerance

CRUDE OIL/NATURAL GAS

Producers and Processors - Production of crude oil and natural gas by conventional and non-conventional methods (fracking, oil sands)   max. 5% of revenues   zero tolerance
  Refining of crude oil   max. 5% of revenues   zero tolerance
  High share of non-conventional reserves in total reserves   max. 20% of total reserves   zero tolerance
  Power generation from crude oil   max. 5% of revenues   zero tolerance

UN GLOBAL COMPACT

Companies that fail to comply with the United Nations Global Compact principles   zero tolerance   zero tolerance

Violation of HUMAN RIGHTS

Disregard of generally accepted norms, principles and standards for the protection of human rights, e.g., the International Bill of Human Rights, UN Guiding Principles on Business and Human Rights   zero tolerance zero tolerance zero tolerance

Violation of LABOUR RIGHTS

Disregard of generally accepted norms, principles and standards for the protection of workers, e.g.,  the core principles of the ILO, i.e., freedom of association and the right to collective bargaining, forced labour, discrimination, and other aspects for companies and suppliers/sub-contractors   zero tolerance zero tolerance zero tolerance

C

O

U

N

T

R

I

E

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AUTHORITARIAN REGIME Classification by „Freedom House“ not free zero tolerance

no relevance

no relevance

  CHILD LABOUR

Countries with widespread use of child labor

zero tolerance no relevance no relevance
  CLIMATE PROTECTION Non-ratification of the Kyoto Protocol zero tolerance no relevance no relevance
    Non-ratification of the paris convention zero tolerance no relevance no relevance
  CORRUPTION countries scoring lower than 50 points in Transparency International’s Corruption Perception Index (CPI)      
 

DEATH PENALTY

Death penalty not completely abolished

zero tolerance no relevance no relevance
  FREEDOM OF ASSOCIATION countries with severe restrictions regarding the possibility of free assembly and of trade union organisation   no relevance no relevance
  HUMAN RIGHTS Countries with massive restrictions zero tolerance no relevance no relevance
  LABOUR RIGHTS Countries with particularly low standards zero tolerance no relevance no relevance
 

NUCLEAR WEAPONS

countries that possess nuclear weapons according to the Stockholm International Peace Research Institute (SIPRI) or countries that have not signed the Treaty on the Non-Proliferation of Nuclear Weapons zero tolerance    
  NUCLEAR ENERGY Share of primary energy production
(3-year average)
from 40 % *

no relevance

no relevance

  MILITARY EXPENSES Military expenditure/BIP

from 3% *

no relevance

no relevance

D

I

V

Since 2013, Erste Asset Management has committed itself to refrain from investing in food in all the investment funds it manages and from investing in derivatives.

Please note the warnings at the bottom of the page.

Responsible funds

Important information:

Please find further information and documents on the respective funds by clicking the fund name in the above overview.

 

ERSTE RESPONSIBLE RETURN - The ESG Letter

Our responsibility magazine ERSTE RESPONSIBLE RETURN - The ESG Letter discusses topics that are both controversial and up-to-date and informs about our responsible funds.

 

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Disclaimer

This document is an advertisement. All data is sourced from Erste Asset Management GmbH, unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH, pursuant to the provisions of the AIFMG in connection with the InvFG 2011.

The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the  web site www.erste-am.com or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com.

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund. Please note that investments in securities entail risks in addition to the opportunities presented here. The value of shares and their earnings can rise and fall. Changes in exchange rates can also have a positive or negative effect on the value of an investment. For this reason, you may receive less than your originally invested amount when you redeem your shares. Persons who are interested in purchasing shares in investment funds are advised to read the current fund prospectus(es) and the Information for Investors pursuant to § 21 AIFMG, especially the risk notices they contain, before making an investment decision.

Please consult the corresponding information in the fund prospectus and the Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of fund shares to American citizens. Misprints and errors excepted.