This page contains the guidelines adopted by the Ersel Group on environmental, social and governance (Environmental, Social and Governance, hereinafter also "ESG") sustainability.
Aware of the importance of playing an active role in the fight against climate change, Ersel adheres to the PRI through Ersel Asset Management SGR and Ersel Gestion Internationale. The PRI (Principles for Responsible Investments) are a United Nations initiative created to promote the integration of ESG principles in asset management and investment decisions and the development of a more sustainable global financial system.
Ersel also adheres to the Forum for Sustainable Finance.
The sustainability and the management of any activity according to the best practices of good governance are essential factors for the creation of value in the short but even more in the medium-long term. For this reason, Ersel takes great account of ESG factors in its work, in the concrete choices of each day, in business practices, in products, in the investments it promotes and in relations with the different categories of stakeholders.
We apply a policy that aims to reduce environmental impact, preferring suppliers that adopt high environmental and ethical standards and that ensure the chain of commerce socially responsible, choosing means of transport of the latest generation, installing energy-saving vending machines, reducing waste of resources. "Green" innovations have been introduced to encourage the reduction of the use of plastic and the separate collection, and more digitization in communications has been promoted also to reduce the use of paper. The Group has also undertaken policies of energy saving and promotion of sustainability with targeted interventions of renovation of buildings and renewal of plants and equipment.
We strive to create a working environment in which people are able to follow their own attitudes and demonstrate their abilities. We are committed to attracting the best talents and enabling them to develop their potential, as well as creating conditions that meet the standards of personal dignity, human rights and equal opportunities, avoiding any kind of favouritism and facilitation. Training programmes to strengthen skills are of great importance. We are committed to ensuring the well-being of workers and to preserving the balance between private and working life through a substantial welfare programme.
The deep link with the territory and the awareness of corporate social responsibility are the principles that inspire our action in the field of culture. We have been protagonists of high-profile events in the field of art for years. A commitment confirmed by the presence among the founding members of the Teatro Regio, one of the most important Italian opera companies, by the collaboration with prestigious institutions such as the Unione Musicale, Galleria d’Arte Moderna and FAI and participation in the Consulta per la Valorizzazione dei Beni Artistici e Culturali of the city. We don't just contribute to events or events proposed by other institutions, but in many cases we intervene in the projects from their conception.
We cultivate long-term relationships with institutions and organizations that integrate into our strategy. The commitment in the field of art, especially figurative art and photography, with important exhibitions and previews auction, are accompanied by initiatives of a technical nature, conferences, meetings and important agreements with the university world and with prestigious institutions in the economic and financial field.
We have been active in the field of training for years with projects aimed at spreading economic-financial culture, such as with our Podcast series available on all major platforms. A podcast dedicated to sustainable investments is available at this link.
We have set up and actively support two Foundations, one aimed at supporting children and families in difficulty, the other at artistic promotion.
We have set up a Sustainability Committee consisting of the first decision-making and business lines dedicated to the supervision of sustainability issues related to the exercise of the business and its dynamics of interaction with all stakeholders. In appointing the members of the collegiate bodies, we apply, among others, the principles of respect for independence and gender diversity.
Ersel, always attentive to the issues of social responsibility, welcomed the path initiated by the European Union aimed at the development of sustainable finance through a harmonised regulatory framework. Considerations on governance, environmental and social aspects are an integral part of the Group’s investment selection process and are described in the following communication.
Introduction and definitions
The Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019, relating to the disclosure on sustainability in the financial services sector (hereinafter, SFDR), was adopted in November 2019 and amended in June 2020 with the adoption of Regulation (EU) 852/2020 (the so-called Taxonomy of eco-sustainable activities). The SFDR, which is set within the context of the European Union Action Plan for Sustainable Finance,™ requires investment fund managers (“IFM”) of undertakings for collective investment in transferable securities and alternative investment funds (“AIFM”) to comply with harmonised rules on transparency with regard to sustainability risks and the consideration of adverse sustainability impacts and the provision of sustainability-related information. In particular, the SFDR introduces the specific disclosure obligations listed hereinafter:
Some definitions useful for understanding the aforementioned communication are provided below.
Art. 3 Transparency of sustainability risk policies
The Ersel Group has always been attentive to environmental and social issues, the evolution of technical and scientific research in every area of activity. In this context, compliance with the principles of environmental, social and governance sustainability, together with the values that have always been supported by the Group throughout its history and already referred to in the Code of Ethics, are essential.
The factors on which the Ersel Group bases its sustainable commitment are:
The integration of ESG criteria into the investment strategy can in fact generate sustainable profits over time and, consequently, a solid prospect of creating value for all stakeholders. This also allows for more efficient management of financial, environmental and social risks, which can negatively affect the value creation of individual investments. Therefore, identifying and managing environmental, social and governance risks is part of the fiduciary duty to protect the value of investors' assets.
On this basis, the Group intends to integrate non-financial considerations into its product governance and investment process, which aim to generate added social and environmental value, through the integration of risks and sustainability factors, in the assessment and selection of investment opportunities.
The Group has decided to adopt specific tools aimed at defining the relevance of sustainability risks within the investment decision-making processes.
These tools are identified in:
The Group maintains a proactive approach in reviewing internal policies relating to the integration of ESG risks into investment processes, and to assessing and monitoring their impact on product returns.Therefore, the information on the website in this area will be updated on an ongoing basis and in a manner consistent with the updates of internal policies.
Art. 4 Transparency of the negative effects for sustainability
No consideration of adverse impacts of investment decisions on sustainability factors.
The Group, in compliance with Article 4 of the EU Regulation 2019/2088 ("SFDR") on sustainability disclosures in the financial services sector, has decided to adopt an "explain" approach relating to the consideration of the main negative effects of its investment and advisory decisions on ESG (Environment, Social, Governance) sustainability factors, while maintaining a proactive orientation in defining the indicators and metrics with which to determine such effects. For this reason, with a view to the future adoption of a "comply" approach, the Group has decided to undertake a path aimed at collecting and monitoring certain specific indicators, defined in EU Delegated Regulation 2022/1288 (Annex I), in order to manage and mitigate the negative impacts on sustainability factors deriving from its investment decisions, paying particular attention to the prioritisation and measurement of the negative effects connected with environmental, social and human rights issues.
Art. 5 Transparency of remuneration policies in relation to the integration of sustainability risks
This declaration applies to all companies of the Ersel Group (hereinafter "the Group"). In line with the provisions of article 5 of the 2019/2088 European Regulation, the Group has taken steps to integrate the appropriate sustainability considerations not only in the related investment decisions, but also as a fundamental component of the remuneration systems, with the objective of encouraging the commitment and engagement of personnel in favor of sustainability issues. With this in mind, the Group has taken steps to integrate its remuneration policies with appropriate assessment systems for Top Management and key personnel, which take into account the pursuit of results and performance oriented towards compliance with environmental, social and governance factors . For further details, please refer to the policies available on the Group's website in the "policies and regulations" section of our IT website.
The Policies and Regulations of the Ersel Group on environmental, social and governance (ESG - Environmental, Social and Governance) are available on this page.
|Document||Date of the document')}||Language||Download|
|Sustainability Policy ESG||22/07/2021||English||PDF get_app|
|Regulations of the Sustainability Committee and ESG Working Group||28/09/2023||English||PDF get_app|
|Responsible Investment ESG Policy||24/11/2021||English||PDF get_app|
|Engagement and Voting Rights Policy ESG||10/09/2021||English||PDF get_app|
|Good Governance Practices||02/01/2023||English||PDF get_app|
|Guidelines for the ESG Working Group||28/09/2023||Italian||PDF get_app|
|Long Term Income ESG - Responsible Investment Policy||06/07/2023||English||PDF get_app|
|Long Term Income ESG - Web Disclosure||17/07/2023||English||PDF get_app|
|Ersel Real Estate Fund ESG – Web disclosure||06/07/2023||English||PDF get_app|
This page contains the RTS Pre-contractual Disclosures of the ESG Funds of Ersel Asset Management SpA and Ersel Gestione Internationale SA.
|Document||Date of the document||Language||Download|
|Ersel RE Fund ESG - Pre-contractual disclosure information RTS||25/07/2023||English||PDF get_app|
|Long Term Income ESG - Pre-contractual disclosure information RTS||03/07/2023||English||PDF get_app|
|Leadersel Innotech ESG - Pre-contractual disclosure information RTS||23/01/2023||English||PDF get_app|
|Ersel Real Estate Fund ESG - RTS Periodic Disclosure||13/07/2023||English||PDF get_app|
|Philanthropy ESG (now Long Term Income ESG) - RTS Periodic Disclosure||25/07/2023||English||PDF get_app|
|Leadersel Innotech ESG - RTS Periodic Disclosure||13/07/2023||English||PDF get_app|
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