Astrada Financial SICAV p.l.c. – Website Disclosures
Responsible and Sustainable Investing
Our investment committee always strives to promote, where applicable and appropriate (in respect of one or more of the professional investment funds managed by the Company, as the board of the Company upon consultation with the investment team considers appropriate, hereinafter referred to as the “Relevant PIFs”), the promotion of awareness and understanding of Environmental, Social and Governance (“ESG”) considerations and integrate the same into our investment decision making process and engagement efforts. As a result, and where appropriate, in relation to the Relevant PIFs, information on ESG factors and the related ESG risks are incorporated into our processes at an asset selection stage when undertaking due diligence on particular asset classes. Furthermore, and whenever possible, an assessment is also carried out in terms of the potential financial impact in the long-term.
With regards to professional investor funds which are not deemed to be Relevant PIFs for the purposes of the Company’s ESG Policy (hereinafter referred to as “non-Relevant PIFs”), we do not assess ESG Factors that may have investment ramifications, and which may have a material impact on the investment’s long-term financial performance. As a result, information on ESG Factors does not form part of our decision-making process. We will review this position on an annual basis.
Negative and positive screening
We will actively engage with our clients to understand whether they have concerns about specific activities and / or industries in order to maintain such exclusions on an on-going basis.
With regards to Relevant PIFs, we also screen target entities and / or products that promote and provide solutions that are consistent with ESG Factors and shall aim at investing in such on an on-going basis, where we consider this appropriate.
Integration
With regards to Relevant PIFs, we conduct proprietary, detailed research to understand the long-term sustainability of earnings and the risk profile of particular asset classes. We also adopt a pragmatic approach whereby information on ESG factors is integrated into established investment assessment processes. We do not have separate ESG focused processes and do not automatically exclude investments in a particular asset class purely on ESG grounds if we feel that such ESG risks do not necessarily pose a financial risk in the long term.
Exclusions
We will not knowingly invest in companies involved in the following activities:
- arms manufacturing;
- manufacture of tobacco;
- hard spirits;
- gambling;
- genetically modified organisms.
We will assess these types of investments on a case-by-case basis and any potential for indirect exposure is carefully considered and factored into investment selection.
Principle Adverse Impacts
We do not undertake an assessment of the Principal Adverse Impacts (“PAIs”) of our decisions on ESG Factors. PAIs are those impacts arising from a particular decision taken which we take that will eventually have a negative effect on ESG Factors.
Kindly contact admin@astradafinancial.com for a full copy of our ESG Policy.
Alignment of Remuneration with sustainability investments
Whilst the Company does not currently have any employees, no variable remuneration is paid to individual personnel providing services to the Company, unless it is determined to be justified following a performance assessment based on quantitative (financial) as well as qualitative (non-financial) criteria.
Due to this very limited impact on the risk-profile of our clients, as well as the nature of our business, we deem that there is no risk of misalignment with the integration of the sustainability risks, if any, in our investment decision making process.
As such, we believe that our existing structures are sufficient to prevent excessive risk taking in respect of sustainability risks, if any.