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Raiffeisen Bank International | Sustainability Report 2018
Management Overview Foreword
of sustainability
Responsible
banker
Fair partner –
Human Resources
Fair partner –
Inhouse ecology
Engaged
citizen
GRI index and
Assurance report
The sustainability funds currently offered are::
• Kathrein Euro Core Government Bond: Invests primarily in government bonds of the former EU hard currency
countries and euro states with historically stable budget policies. A minimum rating of AA applies as an
allocation criterion.
• Kathrein Euro Bond: Invests exclusively in government bonds without the inclusion of corporate tangents. Since
July 2011, government bonds with a minimum composite rating of BBB have been exclusively allocated to the
fund.
• HYPO RENT: Gilt-edged pension funds that are suitable for severance payment and pension provisions.
• MI Multi Strategy SRI: A mixed fund that invests according to the investment regulations of the Austrian
Corporate Employee and Self-Employed Pension Act (Betriebliches Mitarbeiter- und Selbstständigenvorsorgegesetz
BMSVG) and is therefore suitable for staff provision funds.
• KCM SRI Bond Select: A global investing bond fund focused on companies with a good credit rating. The
fund has a broadly diversified portfolio across different countries and sectors. Social, ethical and ecological
exclusion and quality criteria are applied in issuer selection.
• KCM SRI Bond Classic: A euro pension fund with active maturity management that invests solely in euro-
denominated government and corporate bonds issued in the European Economic Area (EEA) with investment
grade ratings (required minimum average: maximum drawdown <3 percent over a twelve-month rolling
observation period). In realizing these ambitious aims, the fund meets the requirements of section 10 EStG,
section 14 EStG, section 25 PKG, section 446 ASVG, and section 30 BMSVG.
• KCM Aktien Global SRI: Designed as a passive, highly diversified global share fund that is intended to
replicate the value development of the MSCI World SRI Index on the basis of a reasonable number of
individual instruments.
Raiffeisen Centrobank AG (RCB)
Raiffeisen Centrobank AG is the competence center for shares and certificates of the Raiffeisen
Banking Group. As a leading Austrian certificate issuer, RCB has already been involved in the
topic of sustainable investments for more than ten years. For safety-conscious investors, RCB issues
capital protection certificates at regular intervals which enable participation in the development
of the underlying assets or offer a predefined return if the underlying asset is higher than its starting value at the
end of the term. RCB issued its “Nachhaltigkeits-Winner” for the first time in October 2014. iSTOXX ESG
Select Global 100 Index, i.e. the index that combines the best companies in the areas of environmental, social
and responsible action, is the underlying for this investment product with capital protection. The guarantee
certificate offers a 100 percent capital guarantee at the end of the term, 100 percent participation by the
investor in the positive average index development and has a seven-year term. Between 2015 and 2017, a
number of additional certificates were issued with sustainability indexes as their underlyings. To mark Friedrich
Wilhelm Raiffeisen’s 200th birthday, one of the biggest certificate issues of the year took place in April 2018
in the form of the “Raiffeisen 200 Nachhaltigkeits-Bond”. The underlying is the STOXX® Europe ESG Leaders
Select 30 Index, the European counterpart to the aforementioned global sustainability index. If the underlying
is higher than or equal to its starting value at the end of the eight-year term, investors receive a return of at least
16 percent at the end of the term. If the STOXX® Europe ESG Leaders Select 30 Index is 16 percent or more
higher than its starting value at the end of the term, this return increases to 32 percent (i.e. the certificate is 132
percent repaid).