No consideration of adverse impacts of investment advice on sustainability factors (Art. 4 (5) lit. b SFDR)
Helaba is monitoring what is happening in the market and will re-evaluate the consideration of adverse sustainability impacts on sustainability factors for interest rate and currency derivatives in investment advice as appropriate.
According to Article 2 No. 24 of the SFDR, we understand sustainability factors to be environmental, social and employee matters, respect for human rights, anti‐corruption, and anti‐bribery matters.
Currently, Helaba does not provide advice on financial products according to Art. 2 No. 12 SFDR (e.g. funds). At present time, only interest rate and currency derivatives are subject of our investment advice. Due to the product characteristics of OTC derivatives, Helaba does not classify them as sustainable financial instruments in the context of investment advice. For this reason, it is currently not possible when providing investment advice to take the principal adverse impacts (PAI) of investment decisions on sustainability factors into account.
Adverse impacts on sustainability factors are therefore only included in our investment advice under the aspect that Helaba, as counterparty, is subject to its own sustainability strategy. A further integration of adverse impacts on sustainability factors when providing investment advice is not possible due to the financial instruments (OTC derivatives) offered.
Helaba is observing the market development and will, if necessary, reassess the consideration of adverse impacts on sustainability factors for interest rate and currency derivatives when providing investment advice.
22.12.2022