Transparency of sustainability risk while providing investment advice (Art. 3 (2) SFDR)
As a credit institution with a public mission, responsible investment advice is part of Helaba's self-image.
According to Article 2 No. 22 of the SFDR, we understand a sustainability risk to be an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of our clients’ investment.
As a credit institution with a public mandate, providing responsible investment advice is part of Helaba's philosophy. Customer satisfaction is our most important business objective. The basis for ensuring a high level of customer satisfaction is providing comprehensive, good advice. This includes offering and recommending suitable financial instruments.
At present time, only interest rate and currency derivatives are subject of our investment advice within the business sectors Capital Markets and Public Sector.
Due to the product characteristics of OTC derivatives, Helaba does not classify them as sustainable financial instruments in the context of investment advice. Sustainability risks are therefore only included in investment advice under the aspect that Helaba, as counterparty, is subject to its own sustainability strategy. A further inclusion of sustainability risks when providing investment advice is not possible due to the financial instruments (OTC derivatives) offered.