Why identify your sustainable investment preferences?
In view of the Paris Agreement and the transition to climate neutrality (2050), along with the growing general interest in sustainable investment, the MiFID 2 Directive has been adapted and now requires consideration of
investors' preferences in terms of sustainable investment.
This Directive places the investor at the centre of the investment experience. This adapted Directive aims in particular at greater
transparency in the portfolio selection process in order to protect the investor and to channel capital towards more sustainable companies.
What is sustainable investment?
Sustainable investment is part of the growing awareness of the impact of human activities, particularly economic activities, on the future of our planet.
Sustainable investment is defined as all investment strategies that incorporate non-financial criteria, linked to Environmental, Social and Governance (ESG) issues, beyond the traditional financial criteria.
Waste management, climate change topics, protection of biodiversity, etc.
Respect for human rights, safety at work, good integration of the company into the local community, etc.
Transparency of executive remuneration, anti-corruption, auditing, etc.
How do I identify my sustainable investment preferences?
We suggest that you complete the next questionnaire, which has been designed in line with the new regulations.
You have three options:
You have no interest regarding sustainability in your investments.
You have an interest regarding sustainability, but you do not want to go into detail about your preferences.
You have an interest regarding sustainability, and you want to detail your preferences yourself by combining 3 options available.
Could consideration of my sustainable preferences impact the composition of my portfolio?
Your sustainable preferences will have an impact on your portfolio.
This impact will be explained to you once you have identified your preferences.
What do we mean by special preferences in terms of sustainable investment?
If you wish, you will have the option of detailing specific preferences in terms of sustainable investment. You will have 3 options.
Read these descriptions carefully before you start completing the questionnaire.
As you go through the questionnaire, you will be able to see these definitions by clicking on the "Learn about" icon, or by clicking on the links in the menu in the left-hand panel.
European Taxonomy Regulation
Environmentally sustainable investment
The European Taxonomy Regulation (
Regulation (EU) 2020/852) is a regulation establishing a system for classification of economic activities contributing to environmental objectives.
This Regulation is currently focused on climate change.
Other environmental themes will be introduced soon (in the longer term, this will also include social and governance factors).
To sum up:
Focused on the environment (E)
Substantial contribution to one or more environmental objectives
Does not undermine any of the environmental objectives
Aims to achieve 6 environmental objectives:
Climate change mitigation;
Climate change adaptation;
Sustainable use and protection of aquatic and marine resources;
The transition to a circular economy;
Prevention and reduction of pollution;
Protection and restoration of biodiversity and ecosystems.
SFDR: Sustainable Finance Disclosure Regulation
Sustainable Finance Disclosure Regulation (
SFDR – Regulation (EU) 2019/2088) is a regulation aimed at defining the level of sustainability of an investment (based on its contribution to Environmental and/or Social and/or good Governance objectives).
To sum up:
Focus on environmental, social and governance criteria (ESG: Environmental, social and governance)
Defines a level of transparency
Defines a level of sustainability
Does not set goals
Principal adverse impacts
PAI: Principal Adverse Impacts
These are investment decisions that have an
adverse impact on sustainable considerations.
Based on data that have to be disclosed by companies, the principal adverse impacts (PAI: Principal Adverse Impacts) indicate the potential significant negative effects of an activity on sustainability criteria.