DNB Fund Future Waves
LU0029375739
| Issuer | DNB Asset Management AS |
|---|---|
| Fund provider | DNB Asset Management AS |
| Fund type/Asset class | Equity fund |
| Legal form | SICAV |
| Fund issue date | 01/01/1990 |
| Last Update | 03.05.2024 |
| Benchmark | MSCI World Index Net |
| Tranche | Private Investors Institutional Investors foundations |
Risk Indicator (PRIIP)
4 of 7
Licensed in
D,
A,
CH,
LU
Classification by SFDR
Article 9
EU Taxonomy
2.0% aligned
% of Sustainable Investments according to SFDR
85%
Principal Adverse Impacts
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
Sustainable Development Goals
No Poverty
Zero Hunger
Good Health and Well-being
Quality Education
Gender Equality
Clean Water and Sanitation
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
Reduced Inequality
Sustainable Cities and Communities
Responsible Consumption and Production
Climate Action
Life Below Water
Life on Land
Peace and Justice Strong Institutions
Partnerships to achieve the Goal
Normal allocation
| Equities | 90 % to 100 % |
|---|---|
| Bonds | 0 % |
| Money market/Bank deposits | 0 % to 10 % |
| Commodities | 0 % |
| Direct investments | 0 % |
| Derivatives | 0 % |
| Other | - |
Sustainability approach
| Principal Adverse Impacts |
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
We use indicators that measure principal adverse impacts of our investments to consider significant harm on environmental or social objectives. Companies who are identified as outliers for one or several principal adverse impact indicators will be put on a watchlist, and will be further analysed. This can result in either engagements with the company to learn more and encourage them to address their potential adverse impacts, or exclusion of the company as a last resort. In cases where data coverage and quality is currently low, the portfolio managers, together with the Responsible Investment team aim to make their own assessment of the significant harm caused by the investment. We aim to quantify this to the highest possible extent, but reasonable qualitative assessments may be made where data is not available. Note that data quality and coverage of principal adverse impact indicators in the market are currently low for certain indicators. We expect the quality and coverage to improve over time, and we aim for continuous improvement by assessing our data providers as well as engaging with companies to encourage them to improve their reporting in this area. |
|---|---|
| Further remarks on the consideration of SDGs | The fund follows a multi thematic sustainable investment strategy in global equity markets. The fund actively allocates capital towards sustainable economic models with environmental and/or social benefits by investing in companies whose business models are aligned with one or several targets defined by the UN Sustainable Development Goals, or are sustainable enablers to advance the SDG agenda. In addition, the fund invests in companies with a good quality of operational practices, including ESG practices. The investment process relies on stock picking based on a deep fundamental analysis of companies combining both financial and sustainability considerations. This analysis will identify companies that provide positive innovative solutions promoting sustainable objectives for the blue economy, green economy, climate and quality of life encompassing 11 of the 17 SDGs (SDG 2, SDG 3, SDG 4, SDG 6, SDG 7, SDG 9, SDG 11, SDG 12, SDG 13, SDG 14, SDG 15) The assessment of alignment to the specified UN SDGs is based on qualitative and quantitative analysis using an internally developed SDG framework for mapping and measuring SDG alignment. The framework has been externally reviewed by a third party and internal audit. Data on SDG alignment is based on data from an external data provider and our own internal data and fundamental analysis by portfolio managers. Alignment is measured in terms of revenues or alternatively CapEx. All investee companies will be covered by an ESG assessment. |
| Rationale behind classification according to SFDR | Article 9 The fund is commited to making at least 85% sustainable investments. The fund is a global, multi thematic sustainability-themed fund. The sustainable investment objective is attained by investing in companies whose business models positively contribute to environmental and social objectives through alignment with one or several targets defined by the UN Sustainable Development Goals. Contribution to the SDGs is measured through alignment with one or several targets defined by the United Nations (UN). The fund will focus on 11 of the 17 SDGs (SDG 2, SDG 3, SDG 4, SDG 6, SDG 7, SDG 9, SDG 11, SDG 12, SDG 13, SDG 14, SDG 15) related to the four investment themes; blue economy, green economy, climate and quality of life. There are overlaps between certain of the SDGs and the businesses that operate in alignment to those, but the fund will report alignment on these 11 SDGs and categorize the investments into the four main themes. In addition to our own objectives, the fund aims to contribute to the taxonomy objectives “climate change mitigation” and “climate change adaptation”. It is also assumed that one or more of the remaining environmental objectives "sustainable use and protection of water and marine resources", "transition to a circular economy", "pollution prevention and control" and " protection and restoration of biodiversity and ecosystems" will be relevant. The fund uses a benchmark that is aligned with sustainable investment objective of the fund, which is MSCI ACWI Sustainable Impact Index. |
| Engagement | Both internally and externally Link to engagement policy |
| Voting | Both internally and externally Link to voting policy |
| Best-in/of-Class | Best-In-Class The fund follows a multi thematic sustainable investment strategy in global equity markets. The fund actively allocates capital towards sustainable economic models with environmental and/or social benefits by investing in companies whose business models are aligned with one or several targets defined by the UN Sustainable Development Goals, or are sustainable enablers to advance the SDG agenda. In addition, the fund invests in companies with a good quality of operational practices, including ESG practices. The investment process relies on stock picking based on a deep fundamental analysis of companies combining both financial and sustainability considerations. This analysis will identify companies that provide positive innovative solutions promoting sustainable objectives for the blue economy, green economy, climate and quality of life encompassing 11 of the 17 SDGs (SDG 2, SDG 3, SDG 4, SDG 6, SDG 7, SDG 9, SDG 11, SDG 12, SDG 13, SDG 14, SDG 15). The portfolio construction is driven by portfolio managers’ convictions on the best investment opportunities without constraint regarding market capitalizations, sectors and weights compared to the reference Index. The fund may significantly diverge from the reference index. |
| ESG-Integration | Yes Emphasis is placed on environmental, social and governance (ESG) factors in the investment process. The Investment Manager considers ESG risks and opportunities as part of the valuation of the companies where the Sub-Fund is investing in. ESG data is incorporated into the Investment Manager’s portfolio management systems and is available to all of investment professionals. Our portfolio managers use this data in their company risk assessments, financial modelling, and investment decision making. The availability of this data in the front office system also often acts a flag for the portfolio managers, triggering further investigation and discussion with the Investment Manager responsible investment team regarding potential risks and opportunities and the financial effect from this. These discussions may trigger actions such as further investigation, engagement in dialogue with the company, or impact on the investment decision. The fund measures the attainment of the sustainable investment objective through several sustainability indicators: - Percentage of the portfolio companies that either have revenues aligned with one or several UN SDGs, have activities that are taxonomy aligned, have credible science-based emission reduction targets, or demonstrate potential avoided emissions - Percentage of the portfolio in breach of the fund`s exclusion criteria - Weighted average UN SDG alignment of the portfolio |
| Norm-based screening |
UN Global Compact
ILO core labour standards
OECD Guidelines for Multinational Enterprises
Implementation of TCFD
Other
Ottawa Convention
|
| Themes |
Climate change
Social projects
Renewable Energies
Biodiversity
Water
SDGs
|
| Impact Investing |
-
|
| Further information on the sustainability approach | Link to sustainability approach |
Research and Transparency
| In-house sustainability analysis | Yes, 6 |
|---|---|
| Research partners | Yes ISS, Bloomberg, S&P, MSCI ESG Research and Sustainalytics. Additional external resources include the SASB Framework and database, sell-side research, media, industry reports, Non-Governmental Organisation (NGO) reports and meetings, and CDP |
| Percentage of portfolio with sustainability analysis | 100 % |
| Strategically important suppliers included | Yes |
| Sustainability advisory committee | Advisory https://s3.eu-north-1.amazonaws.com/dnb-asset-management/231208_Responsible-investment-Group-Instruction.pdf |
| Analysis of portfolio CO2 | Yes, backward-looking indicator The assessment of alignment to the specified UN SDGs is based on qualitative and quantitative analysis using an internally developed SDG framework for mapping and measuring SDG alignment. The framework has been externally reviewed by a third party and int |
| Sustainability reporting | Yes https://documents.anevis-solutions.com/dnb/SFDR_PERIODICREPORT-EN-LU-LU0029375739.pdf |
| At least monthly portfolio publication | Yes Link to monthly portfolio publication |
| Certification/Label awarded by independent auditors |
-
Other
Towards Sustainability
|
Environmental
Exclusion of sectors / areas of business – companies
| Fossil fuels (Coal, Oil and Gas) | Yes 5 % Turnover threshold |
|---|---|
| Nuclear power (operation and components) | Yes 30 % Turnover threshold |
| Green genetic engineering | No |
| Chlorine and agrochemicals (biocides) | No |
| Other | - |
Exclusion of business practices – companies
| Environmentally damaging behaviour | Yes |
|---|---|
| Damage to biodiversity | Yes |
| Other | - |
Exclusion criteria – countries
| Non-ratification of the Paris Climate Agreement | No |
|---|---|
| Non-ratification of the Protocol on Biosafety | No |
| Non-ratification of the UN Biodiversity Convention | No |
| Nuclear power by proportion of gross energy production | No |
| Other | - |
Social
Exclusion of sectors / areas of business – companies
| Weapons/Armaments | Yes 5 % Turnover threshold |
|---|---|
| Cluster bombs and anti-personnel mines | Yes |
| Weapons of mass destruction (ABC/CBRN) | Yes |
| Tobacco products | Yes |
| Pornography | Yes |
| Spirits/Alcohol | Yes 5 % Turnover threshold |
| Gambling | Yes 5 % Turnover threshold |
| Other | - |
Exclusion of business practices – companies
| Labour rights (ILO core labour standards) | No |
|---|---|
| Exploitative child labour | Yes |
| Violation of human rights | Yes |
| Animal testing | No |
| Other | - |
Exclusion criteria – countries
| Labour rights | No |
|---|---|
| Violation of human rights | No |
| Military spending as a percentage of GDP | No |
| Death penalty, torture | No |
| Countries classified by Freedom House as not free | No |
| Violations of the Nuclear Non-Proliferation Treaty | No |
| Violations of other non-proliferation treaties | No |
| Other | - |
Governance
Exclusion of business practices – companies
| Corruption and bribery | Yes |
|---|---|
| Tax: planned avoidance & detected violations | Yes |
| Other | - |
Exclusion criteria – countries
| Corruption | No |
|---|---|
| Other | - |
More on data availability
-
EU Taxonomy
It is possible that reported KPIs for taxonomy eligibility and alignment (being limited to corporate issuers / including only selected economic activities) are low or that KPIs cannot be reported due to limited data availability. Data may be available with a time lag. Data comparability may be limited due to differences in the scope of the economic activities considered. As soon as data is available in sufficient quantity and quality, it will be published in accordance with regulatory requirements.
Quelle: Unternehmensangaben. | Für die Angaben der Unternehmen kann keine Haftung übernommen werden. Die Angaben dienen nur zur Information und stellen keine Beratung oder Empfehlung dar. Bitte beachten Sie den Haftungsausschluss unter www.forum-ng.org/disclaimer. Das FNG-Nachhaltigkeitsprofil bietet nur einen ersten Überblick und ist kein Ersatz für eine eigenständige Analyse. Weiterführende Erläuterungen finden Sie unter www.forum-ng.org
FNG-Sustainability profiles disclaimer
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- Die Aktualität der eingegebenen Daten richtet sich nach dem im FNG-Nachhaltigkeitsprofil des jeweiligen Produkts angegebenen Aktualisierungsdatum, wiedergegeben ist also der Stand zu diesem Datum. Im Zweifel sind die bei der jeweiligen KVG hinterlegten Daten als aktuell zu betrachten. Das Forum Nachhaltige Geldanlagen e.V. hat darauf jedoch keinen Einfluss und kann daher keine Gewähr für eine jederzeitige Aktualität übernehmen, da die FNG-Nachhaltigkeits-Inhalte von den Anbietern selbst zu befüllen und ggf. zu aktualisieren sind.
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