Union Investment given A+ rating by PRI
"We are delighted that PRI has rated our approach to responsible investment so highly. It underscores how seriously we take these issues and how much expertise we have in this area," says Björn Jesch, Head of Portfolio Management. Of the 681 asset management companies assessed by PRI, only 16 per cent were rated A+. Union Investment has been a signatory to the Principles for Responsible Investment since 2010.
UniInstitutional IMMUNO Nachhaltigkeit has been awarded the FNG Label
Mutual funds that have been awarded the Sustainable Investment Forum (FNG) Label comply with the quality standard it has developed for sustainable investments in the German-speaking countries. To achieve certification, funds must adopt a consistent and transparent approach to sustainability, which the independent auditor Novethic checks has been applied.
The quality standard includes the following minimum requirements:
- Transparent and straightforward presentation of the fund's sustainability strategy in the context of the European SRI Transparency Code and the FNG Sustainability Profile
- Exclusion of nuclear power, armaments and weapons
- Exclusion of companies in breach of the UN Global Compact principles
At least 90 per cent of the fund's portfolio is audited according to sustainability criteria (social and environmental accountability, good corporate governance). The FNG Label has been devised by a large number of financial-sector specialists and other participants in civil society, and it is constantly subject to further development.