69 GRI Index and Assurance statement Engaged citizen Fair partner Responsible banker Human Capacity Report Sustainability management Overview Foreword The sustainability process for all sustainability funds of Raiffeisen KAG is structured as follows: Entire Investment Universe Extra-financial (=sustainable) criteria Financial criteria Detailed examination: Sustainability analysis Sustainable risk factors Financial analysis Company dialog Exercise Portfolio of voting rights © Raiffeisen Kapitalanlage-Gesellschaft m.b.H. On the first analysis level (extra-financial/financial criteria), the investment universe is evaluated according to fundamental criteria. On the extra-financial side, this concerns any violations of ESG exclusion criteria; on the financial side, companies with insufficient financial stability are excluded at this level. The second level of analysis focuses on the detailed view of the individual companies and issuers. On the bottom level, a broadly diversified portfolio is constructed from the remaining companies or issuers and the information that has been gathered about them. As part of the approach described above, an ESG commitment strategy and a strategy for the exercise of voting rights are also followed since commitment and voting are key, integral components of the sustainability strategy. Certifications and quality seals Raiffeisen KAG works both internally and with external partners to continuously improve its sustainability investment processes. Visible signs of this include, for example, the national and international certifications it has received. These include the Austrian Ecolabel, the FNG seal and the eurosif Transparency Code, among others. Financial products with the Austrian ecolabel (issuing organization: Federal Ministry for Agriculture and Forestry, Environment and Water Management) are not allowed to invest in nuclear power or companies that profit from coal, natural gas or crude oil from fracking or tar sand or those that produce or trade in weapons. Activities in the area of genetic engineering must be evaluated and, if necessary, excluded as an investment if there is evidence of systematic human rights and labor rights violations. State issuers or those related to state governments must not violate core political, social and environmental standards. The award is based on an external audit. The six sustainability retail investment funds have earned this distinction. The FNG seal, awarded for the first time in 2015, is a quality standard for sustainable retail investment funds in the Germanspeaking regions. The minimum requirements include transparency and process criteria, the exclusion of weapons and nuclear power as well as the consideration of the four areas of the UN Global Compact (human and labor rights, environmental protection, the fight against corruption and bribery – also see page 12). The awarding of this seal follows an audit conducted by an external auditor (Novethik, France) (information at www.fng-siegel.org). The funds Raiffeisen-Nachhaltigkeit-Aktien and Raiffeisen-Nachhaltigkeit-Mix as well as Raiffeisen-GreenBonds have received the highest level of this seal (three stars).
ebook_RBI_NHBericht2016_EN
To see the actual publication please follow the link above