In the context of the 25th edition of the High Returns Award, assigned by Il Sole 24Ore, Etica Funds was awarded the prize as the Best ESG Manager in the “Small” Italian funds category.
Etica Funds was listed among the asset management companies (AMC) that had distinguished themselves during 2022, for their excellence in the sustainable management of their funds. Thanks to these results, the Company was recognised as one of the most valued and recognised AMC in the sector.
The High Returns Award
This prestigious award is assigned by Il Sole 24 Ore to asset management companies and collective investment funds that were especially noteworthy, and that have stood out due to the results they achieved.
The Award is an important accomplishment thanks to the commitment and professionalism shown in taking care of investments, based on the underlying value of protecting the saver. The 25th edition of the award ceremony was held on 29 March via streaming on the website premioaltorendimento.ilsole24ore.com.
The value of Etica Funds’ sustainable and responsible financing
Etica Funds was confirmed as the Best ESG Manager among the “Small” Italian Funds, namely those with assets managed in open funds below € 8 billion (data at III quarter 2022 published by Assogestioni).
Etica Funds was established in 2000 with the idea of focusing on people and the environment, believing that the choice of companies and countries from an environmental, social and governance perspective, could offer savers potential added value in terms of returns.
Roberto Grossi, Deputy General Manager of Etica Funds, stated:
«We are very happy to have received the High Returns Award in an ESG context; with this award recognising over 20 years of experience. Etica Funds has always specialised in managing sustainable and responsible collective investment funds that focus on the real economy, seeking to reward countries and companies that take into consideration environmental, social and good governance factors.»
The Method for assigning the High Returns Award
The assignment of awards is underpinned by solid analysis criteria and based on CFS Ratings.
An initial screening was undertaken to assess the sustainability level of the funds in a company’s offering before assigning the award to the best ESG Manager company. More specifically, all companies with a significant offering of funds classified under article 8 or 9 in terms of Regulation EU 2019/2088 (SFDR) were assessed in relation to the entirety of the funds offered. The collection of data and its verification were based on the information received from manufacturers in the EET template [1] (field 20040 Financial Instrument SFDR Product Type).
From the perimeter of the companies identified in this way, the average ESG scores shown below were analysed, resulting in the following being recognised:
- The best Foreign company
- The best Italian “Big” company
- The best Italian “Small” company
ESG SCORE
The model for calculating the ESG score is based on:
- ESG data points released by the data provider MSCI, i.e.:
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- Fund ESG score;
- Fund Carbon Intensity;
- Fund Sustainable Impact.
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- Data on the PAI[2] included in the EET template, referring to the following regulatory macro-categories:
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- Greenhouse gas emissions;
- Biodiversity;
- Water;
- Waste;
- Social.
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Additional information on the method used to assign the High Returns Award is available on the web page: premioaltorendimento.ilsole24ore.com/metodologia/
[1] The European ESG Template, also referred to as the EET template, is a standardised ESG data exchange model, aimed at facilitating the necessary exchange of this data between the producer and distributor of products, enabling compliance with the regulatory requirements in terms of the RTS (standard technical regulations) under Regulation EU 2019/2088 (SFDR).
[2] Principal Adverse Sustainability Impacts, i.e. the main negative effects on sustainability factors taken into consideration by brokers in their investment decisions.
Disclaimer
This article contains marketing communications from Etica Sgr S.p.A. (“Etica”). Information from the sources indicated in this document has been deemed to be reliable and in good faith by Etica, which provides no guarantee regarding its accuracy or reliability and declines any responsibility for any damage or loss that may result from the use of or reliance on this information. The information and data in this article refer to market conditions at the time of its publication and may therefore undergo changes in relation to evolving financial market trends. Etica is under no obligation to amend, integrate and/or update the information and data contained in this article. Any information contained in this article regarding previous returns, outlooks or hypothetical future prospects, similarly, any investment strategy or assessment or other information that may be obtained from the article is provided for illustrative purposes only and should not be considered as a reliable indicator for future trends. Etica issues no statement or guarantee, nor does it assume any responsibility as to whether any assessment or forecast made on the basis of this article is achievable, reasonable or reliable. Investors should make an investment decision only after having understood its overall characteristics and the degree of exposure to the related risks by carefully reading the KID and the Prospectus of the individual funds, which — together with the information on sustainability pursuant to Regulation (EU) 2019/2088 — can be found at www.eticasgr.com/regolament-2088 and www.eticasgr.com/documenti on this internet site. Recipients of this message assume full and complete responsibility for using the information contained in this article as well as for any investment choices made that are based on it, as any use of this communication as support for investment choices is not permitted and is at the investor’s full risk.
