Statement on principal adverse impacts of investment decisions on sustainability factors within portfolio management

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Principal adverse impacts PAI

EU Regulation 2019/2088

The aim of EU Regulation 2019/2088 (the Sustainable Finance Disclosure Regulation, SFDR) is to strengthen consumer protection through increased sustainability information. The regulations increase the requirements upon us as a bank and discretionary portfolio manager with regard to providing transparent information on our sustainability activities. This should increase consumers’ ability to compare financial products and to make informed investment decisions.

One of the requirements of the new regulations is that we must report on our work with principal adverse impacts in relation to various sustainability areas. “Principal adverse impacts” refers to major negative impacts on various sustainability areas that our investments might or do have. The report complies with the set requirements as regards content, and you can find it below: