Schroder ISF Sustainable EURO Credit
LU2080995587
| Issuer | Schroders |
|---|---|
| Fund provider | Schroder Investment Management (Europe) S.A |
| Fund type/Asset class | Bond fund |
| Legal form | SICAV |
| Fund issue date | - |
| Last Update | 12.09.2023 |
| Benchmark | The ICE BofAML Euro Corporate Index is used as reference comparator |
| Tranche | Private Investors Institutional Investors |
Risk Indicator (PRIIP)
4 of 7
Licensed in
D,
A,
CH,
LU
Classification by SFDR
Article 8
EU Taxonomy
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% of Sustainable Investments according to SFDR
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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 | Excluded |
|---|---|
| Bonds | 85 % to 100 % |
| Money market/Bank deposits | 0 % |
| Commodities | Excluded |
| Direct investments | Excluded |
| Derivatives | 0 % |
| Other | - |
Sustainability approach
| Principal Adverse Impacts |
Greenhouse Gas Emissions
Water
Waste
Biodiversity
Energy Efficiency and Fossil Fuels
Social and Employee Matters
|
|---|---|
| Further remarks on the consideration of SDGs | - |
| Rationale behind classification according to SFDR | Article 8 It promotes Environmental/Social (E/S) characteristics and while it does not have as its objective a sustainable investment, it will have a minimum proportion of 50.00% of sustainable investments with an environmental objective in economic activities that do not qualify as environmentally sustainable under the EU Taxonomy and/or with a social objective. The Fund maintains a higher overall sustainability score than the ICE Bank of America Merrill Lynch Euro Corporate index, based on the Investment Manager’s rating system. The sustainability score of the Fund is measured by SustainEx™, Schroders’ proprietary tool that provides an estimate of the potential societal or environmental impact that an issuer may create. |
| Engagement | Yes, organized internally Link to engagement policy |
| Voting | n/a Bond fund Link to voting policy |
| Best-in/of-Class | Best-In-Class The fund applies a best-in-class approach that is based on credible exclusions, our internal, proprietary ESG assessment, as well as third party ESG ratings. This approach results in a better sustainability profile for the fund compared to the reference comparator. While we continuously search for improving ESG stories also through engagement, we limit or divest ESG laggards in the fund. |
| ESG-Integration | Yes We firmly believe that non-financial considerations including environmental, social and governance issues have a material influence on the sustainability of issuer cash-flows. ESG is fully integrated into our investment process. The fund applies its sustainable approach through: 1) Strict and credible exclusions, 2) inclusion of issuers that demonstrate stable and (importantly) improving ESG trajectory, 3) multiple sustainability themes, 4) engagement with issuers, 5) investing in green, social bonds and sustainability bonds, 6) creating a net positive sustainability impact at the portfolio level |
| Norm-based screening |
UN Global Compact
OECD Guidelines for Multinational Enterprises
Other
Bribery and fraud i.e. companies flagged for severe business ethics failures
|
| Themes |
Climate change
Agriculture and forestry
Social projects
Renewable Energies
Biodiversity
Water
Education
The fund applies forward-looking sustainability themes (such as green energy, waste and water management, green infrastructure, responsible finance, social health and wellbeing, responsible sourcing and fashion) that frame and contextualize our credit research as well as engagements and portfolio construction.
|
| Impact Investing |
-
|
| Further information on the sustainability approach | The fund applies its sustainable approach through: 1) Strict and credible exclusions, 2) inclusion of issuers that demonstrate stable and (importantly) improving ESG trajectory, 3) multiple sustainability themes, 4) engagement with issuers, 5) investing in green, social bonds and sustainability bonds, 6) creating a net positive sustainability impact at the portfolio level, 7) using the UN SDGs as a framework, 8) lower carbon intensity than universe Link to sustainability approach |
Research and Transparency
| In-house sustainability analysis | Yes, 40+ global sustainability/credit analysts and 15+ firm-wide sustainability analysts |
|---|---|
| Research partners | Yes Schroders' subscribes to external ESG research providers including; MSCI ESG research, Bloomberg, Refinitiv, Sustainalytics and Morningstar |
| Percentage of portfolio with sustainability analysis | 95 % |
| Strategically important suppliers included | Yes |
| Sustainability advisory committee | Advisory |
| Analysis of portfolio CO2 | Yes, both forward and backword-looking indicator |
| Sustainability reporting | Yes https://www.schroders.com/de-de/de/institutionelle/fonds/#/fund/SCHDR_F000014MDI/schroder-international-selection-fund-sustainable-euro-credit-a-accumulation-eur/LU2080993616/profile |
| At least monthly portfolio publication | Yes |
| Certification/Label awarded by independent auditors |
FNG Label ★★★
Label ISR
Other
Febelfin 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 5 % Turnover threshold |
| Green genetic engineering | No |
| Chlorine and agrochemicals (biocides) | No |
| Other | Oil sands 5 % Turnover threshold |
Exclusion of business practices – companies
| Environmentally damaging behaviour | Yes |
|---|---|
| Damage to biodiversity | No |
| Other | UNGC violation, Energy generation from oil, gas and nuclear (30%), Energy generation from thermal coal (10%), Carbon Underground 200 list |
Exclusion criteria – countries
| Non-ratification of the Paris Climate Agreement | Yes |
|---|---|
| Non-ratification of the Protocol on Biosafety | No |
| Non-ratification of the UN Biodiversity Convention | Yes |
| Nuclear power by proportion of gross energy production | No |
| Other | - |
Social
Exclusion of sectors / areas of business – companies
| Weapons/Armaments | Yes |
|---|---|
| Cluster bombs and anti-personnel mines | Yes |
| Weapons of mass destruction (ABC/CBRN) | Yes |
| Tobacco products | Yes 5 % Turnover threshold |
| Pornography | Yes 5 % Turnover threshold |
| Spirits/Alcohol | Yes 5 % Turnover threshold |
| Gambling | Yes 5 % Turnover threshold |
| Other | Conventional weapons and civilian firearms (5%) 5 % Turnover threshold |
Exclusion of business practices – companies
| Labour rights (ILO core labour standards) | No |
|---|---|
| Exploitative child labour | No |
| Violation of human rights | No |
| Animal testing | No |
| Other | UN Global Compact |
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 | Yes |
| Violations of the Nuclear Non-Proliferation Treaty | Yes |
| Violations of other non-proliferation treaties | No |
| Other | - |
Governance
Exclusion of business practices – companies
| Corruption and bribery | Yes |
|---|---|
| Tax: planned avoidance & detected violations | No |
| Other | - |
Exclusion criteria – countries
| Corruption | Yes |
|---|---|
| Other | - |
More on data availability
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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
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