- Summary;
- No sustainable investment objective;
- Environmental or social characteristics of the financial product;
- Investment strategy;
- Proportion of investments;
- Monitoring of environmental or social characteristics;
- Methodologies;
- Data sources and processing;
- Limitations to methodologies and data;
- Due diligence;
- Engagement policies;
l where an index is designated as a reference benchmark to attain the environmental or social characteristics promoted by the financial product, Designated reference benchmark.
1. Website section Summary for financial products that promote environmental or social
characteristics
- In the website section Summary referred to in Article 24, point (a), financial market participants shall summarise all the information contained in the different sections referred to in that Article about the financial products that promote environmental or social characteristics. The summary section shall have a maximum length of two sides of A4-sized paper when printed.
- The website section Summary referred to in Article 24, point (a), shall be provided in at least the following languages:
- one of the official languages of the home Member State and, where different and where the financial product is made available in more than one Member State, in an additional language customary in the sphere of international finance;
- where the financial product is made available in a host Member State, one of the official languages of that host Member State.
"Website section No sustainable investment objective for financial products that
promote environmental or social characteristics"
1 In the website section No sustainable investment objective referred to in Article 24, point (b), financial market participants shall insert the following statement: “This financial product promotes environmental or social characteristics, but does not have as its objective sustainable investment.”
2 Where the financial product commits to making one or more sustainable investments, financial market participants shall in the website section No sustainable investment objective referred to in Article 24, point (b), explain how the sustainable investment does not significantly harm any of the sustainable investment objectives, including all of the following:
a how the indicators for adverse impacts in Table 1 of Annex I, and any relevant indicators in Tables 2 and 3 of that Annex I, are taken into account
b whether the sustainable investment is aligned with the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, including the principles and rights set out in the eight fundamental conventions identified in the Declaration of the International Labour Organisation on Fundamental Principles and Rights at Work and the International Bill of Human Rights.
Website section Environmental or social characteristics of the financial product for financial products that promote environmental or social characteristics
In the website section Environmental or social characteristics of the financial product referred to in Article 24, point (c), financial market participants shall describe the environmental or social characteristics that the financial products promotes.
Website section Investment strategy for financial products that promote environmental or social characteristics
In the website section Investment strategy referred to in Article 24, point (d), financial market participants shall describe all of the following:
a the investment strategy used to meet the environmental or social characteristics promoted by the financial product;
b the policy to assess good governance practices of the investee companies, including with respect to sound management structures, employee relations, remuneration of staff and tax compliance.
Website section Proportion of investments for financial products that promote environmental or social characteristics
In the website section Proportion of investments referred to in Article 24, point (e), financial market participants shall insert the information referred to in Article 14 and shall distinguish between direct exposures in investee entities and all other types of exposures to those entities.
Website section Monitoring of environmental or social characteristics for financial products that promote environmental or social characteristic
In the website section Monitoring of environmental or social characteristics referred to in Article 24, point (f), financial market participants shall describe how the environmental or social characteristics promoted by the financial product and the sustainability indicators used to measure the attainment of each of those environmental or social characteristics promoted by the financial product are monitored throughout the lifecycle of the financial product and the related internal or external control mechanisms.
Website section Methodologies for environmental or social characteristics for financial products that promote environmental or social characteristics
In the website section Methodologies for environmental or social characteristics referred to in Article 24, point (g), financial market participants shall describe the methodologies to measure how the social or environmental characteristics promoted by the financial product are met.
Website section Data sources and processing for financial products that promote environmental or social characteristics
In the website section Data sources and processing referred to in Article 24, point (h), financial market participants shall describe all of the following:
a the data sources used to attain each of the environmental or social characteristics promoted by the financial product;
b the measures taken to ensure data quality;
c how data are processed;
d the proportion of data that are estimated.
Website section Limitations to methodologies and data for financial products that promote environmental or social characteristics
In the website section Limitations to methodologies and data referred to in Article 24, point (i), financial market participants shall describe all of the following:
a any limitations to the methodologies referred to in Article 24, point (g), and to the data sources referred to in Article 24, point (h);
b how such limitations do not affect how the environmental or social characteristics promoted by the financial product are met.
Website section Due diligence for financial products that promote environmental or social characteristics
In the website section Due diligence referred to in Article 24, point (j), financial market participants shall describe the due diligence carried out on the underlying assets of the financial product, including the internal and external controls on that due diligence
Website section Engagement policies for financial products that promote environmental or social characteristics
In the website section Engagement policies referred to in Article 24, point (k), financial market participants shall describe the engagement policies implemented where engagement is part of the environmental or social investment strategy, including any management procedures applicable to sustainability-related controversies in investee companies.
Website section Designated reference benchmark for financial products that promote environmental or social characteristics
1 In the website section Designated reference benchmark referred to in Article 24, point (l), financial market participants shall describe whether an index has been designated as a reference benchmark to meet the environmental or social characteristics promoted by the financial product, and how that index is aligned with the environmental or social characteristics promoted by the financial product, including the input data, the methodologies used to select those data, the rebalancing methodologies and how the index is calculated.
2 Where part or all of the information referred to in paragraph 1 is published on the website of the administrator of the reference benchmark, a hyperlink shall be provided to that information.