Raiffeisen Capital Management is one of the leading providers of sustainable investment solutions in the German-speaking markets. To further promote the development of sustainable investments and to spur innovation, Raiffeisen Capital Management is an active member of many associations and interest representation organisations.
Raiffeisen Capital Management is a partner and member of:
The Raiffeisen Nachhaltigkeits-Initiative (RNI) is a platform, service, and representation body for its members’ activities in the field of sustainability. Raiffeisen Capital Management is a founding member of the Raiffeisen Climate Protection Initiative, which was renamed the Raiffeisen Sustainability Initiative in the autumn of 2017.
The United Nations’ Principles for Responsible Investments (PRI), which were developed by a group of institutional investors at the initiative of the UN, consist of six principles for responsible investing. These principles form the core of a voluntary commitment by asset managers, asset owners, and service providers. The goal is to support the signatories in integrating ESG topics into their investment decision-making processes. By doing so, the signatories contribute to a more sustainable global financial system.
Raiffeisen Capital Management was one of the first asset management firms in Austria (in November 2013) to sign these principles and has thus committed to the following (where consistent with its fiduciary responsibilities):
1. We will incorporate environmental, social, and governance (ESG) issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
4. We will promote acceptance and implementation of the Principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the Principles.
6. We will each report on our activities and progress towards implementing the Principles.
The Montréal Carbon Pledge was created in 2014 and is supported by the Principles for Responsible Investment (PRI) and United Nations Environment Programme Finance Initiative (UNEP FI). The goal of the Montréal Carbon Pledge is to create more transparency about the CO2 footprint of equity portfolios and to help to reduce this footprint over the long term. By signing the agreement, investors agree to measure their portfolio’s carbon footprint annually and to publish the relevant data.
The selection criteria for Umweltzeichen funds are clearly defined and are audited by internal fund committees or external organisations. Funds that invest in atomic energy, arms, or arms trading are excluded. Genetic engineering activities are also assessed and can be grounds for exclusion. Investments in companies or organisations that systematically violate human or labour rights and central political, social, or environmental standards are also precluded. The selection process must be suitable for identifying companies that actually make a positive environmental and social impact. A defined quality standard must be complied with to ensure this.
Forum Nachhaltige Geldanlagen (Socially Responsible Investment Forum, or FNG) is a professional association for sustainable financial investments in Germany, Austria, Liechtenstein, and Switzerland. Its more than 170 member include banks, fund management companies, insurers, rating agencies, investment firms, asset managers, financial consultants, and NGOs.
The objectives and responsibilities of FNG are:
- To actively promote the development, transparency, and quality of sustainable financial products,
- To help shape the political, legal, and economic frameworks,
- To demonstrate the positive influence of sustainable investments,
- To ensure quality control in sustainable investments.
FNG is constantly engaged in the further development of quality standards for SRI products. Together with Eurosif, FNG has been issuing the transparency label for SRI retail funds since 2008.
Raiffeisen KAG has been an active member of FNG since 2019. Wolfgang Pinner, head of the SRI department at Raiffeisen KAG, is the Deputy Chairman of the FNG Board of Directors.
Carbon Disclosure Project (CDP) is a non-profit organisation with the goal of having companies and communities publish their environmental data, such as greenhouse gas emissions and water consumption. On behalf of investors, the CDP uses standardised questionnaires to collect voluntary data and information from companies on their CO2 emissions, climate risks, and reduction goals and strategies once every year. The CDP now manages the largest database of its kind in the world. Raiffeisen Capital Management is a signatory investor. The data released by the companies and the annual reports of the CDP are available at CDP’s website free of charge. Investors that support the CDP also have access to non-public information.
Forum per la Finanza Sostenibile (FFS) is a multi-stakeholder organisation with the goal of promoting socially responsible investments in Italy. Its more than 60 members include asset managers, banks, insurers, foundations, and NGOs. Raiffeisen Capital Management has been an active member since 2016. The objectives and responsibilities of FFS are:
- Network development and the exchange of information on the subject of socially responsible investing,
- Sharing know-how on socially responsible investments,
- Promoting the development of socially responsible financial products at the national and European levels.
The Green Bond Principles (GBP) developed under the auspices of the International Capital Market Association (ICMA) are a non-binding set of guidelines for the issuance of green bonds. They recommend transparency in reporting on the use of bond proceeds and management, the project assessment and selection process, and reporting. The GBP are intended to make access to green bonds easier for market participants, and they present recommendations for best practices in issuing.
The GBP were developed with the participation of GBP members, working groups, and green bond interest representatives, taking into account general market developments. The principles are refined on an annual basis.
Ökofinanz-21 is a network of socially responsible consultants that was founded in 2003. For many years, this association has been calling for ethical, ecological, and social criteria to be integrated as obligatory parts of the consulting process. This pertains to all forms of investment: banking products, funds, equity investments, and insurance. Implementing these important demands not only requires a complete re-think of fiduciary responsibilities, it also requires different education and advanced training for actors in the asset management and savings industries.
yourSRI.com is an international online platform that provides access to the ESG and CO2footprint and other fund information. yourSRI.com evaluates customer assets daily and is implemented in collaboration with global partners such as MSCI ESG Research, South Pole Group, and Thomson Reuters.