Page 78

ebook_RBI_NHBericht2016_EN

74 Additionally, the investments are assigned to one of the following sustainability classes: • Sustainability funds • Sustainable individual titles • Sustainability-oriented funds • Conventional funds (not sustainable) The goals for the sustainable capital investment of the Valida staff provision fund are as follows: • It should be possible to assign all investments to one of three sustainable investment classes. On the 2016 balance sheet date, the Valida staff provision fund held no conventional funds. This means that 100 percent of the assets were invested in the above three classes of sustainability. • The sustainability score for the entire portfolio should be over 140 points. At the balance sheet date of 31 December 2016, the Valida staff provision fund exceeded the reference value with 143 points. Thus, Valida clearly met all of the goals of sustainable investment. ÖGUT certification: The Valida staff provision fund is audited and certified annually by the Austrian Society for Environment and Technology (ÖGUT). In 2017, the Valida staff provision fund once again received the “ÖGUT Gold” award, the best possible, for the year 2016. This is the fifth ÖGUT Gold certification in a row. In addition to the ethical investment factor, communication and transparency in regard to sustainability, inhouse ecological aspects, staff policy and corporate citizenship all play a role. Sustainable investment in the pension fund: Within the Valida pension fund, the financial data provider software-systems.at determines the ethically dynamic share of the securities of an investment and risk association. If a company represented in the portfolio violates the ethical standards, software-systems.at informs Valida Asset Management. Services of Kathrein Privatbank for foundations and the needs of entrepreneurs Based on their legal structure, foundations are particularly oriented toward long-term viability and sustainable management of Austrian wealth. Kathrein Privatbank is highly specialized in the needs of entrepreneurs, entrepreneur families and private foundations. The service spectrum encompasses all services important to this clientèle: This includes advice on the founding and management of a foundation, succession arrangements, inheritance and gifts as well as the purchase and sale of companies. Thanks to many years of experience, Kathrein Privatbank has established itself as Austria’s leading foundation bank. The Kathrein Privatbank Foundation Award, which has been given out for the past ten years, is another way in which the bank promotes a wellresearched approach to the topic of foundations. Every year, this award highlights academic works on matters of civil law and tax law relating to foundations as well as works of comparative legal analysis. Other sustainable products and services at the network banks Central Europe (CE) In Poland, the government created a new residential program in 2015 for young adults under the name ”Apartment for the Youth”, which can still be handled through Raiffeisen Polbank. The aim is to support young adults with buying an apartment. Families with children receive additional support. The debt restructuring scheme for distressed mortgages is also worth mentioning. This system is directed toward mortgage holders who have lost their jobs and whose monthly installments exceed 60 percent of their household income. These persons receive monthly interest-free payments in the amount of 1,500 Polish zloty for a maximum period of 18 months and only need to be repaid in eight years (after two years of deferred repayments).


ebook_RBI_NHBericht2016_EN
To see the actual publication please follow the link above