Disclosure of information on sustainability
The transition to a sustainable, low-carbon, resource-efficient circular economy is key to the long-term competitiveness of our economy. The sustainability or environmental, social and managerial nature of investment is becoming an increasingly important factor in this transition. Criteria of an environmental, social and managerial nature address issues such as climate change, air and water pollution, biodiversity, human rights, social standards, corporate governance and many more. These criteria help to better determine the future financial results of companies (return and risk).
Axiom Invest Ltd. strongly supports all measures aimed at environmental protection, protection of employees' rights and better corporate governance, which are generally defined as sustainability factors. In this regard, the company took note of the requirements of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on the disclosure of information regarding sustainability in the financial services sector (Sustainable Finance Disclosure Regulation or SFDR) and and Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 establishing a framework to facilitate sustainable investment and amending Regulation (EU) 2019/2088 (Regulation (EU) 2020/852) and related European regulations.
Nachman Capital Ltd. at the time of adoption of its Policy for the integration of risks to sustainability in its investment decision-making process in portfolio management and investment advice and to take into account the adverse effects of investment decisions on sustainability factors, does not provide portfolio management services providing investment advice, regardless of the fact that they are included in the license issued to the company. Също така дружеството не създава и не дистрибутира паневропейски пенсионни продукти.
Notwithstanding the above and pursuant to Article 4 (5.b) of the SFDR, at this stage Nachman Capital Ltd. has chosen not to take into account in its investment advice and portfolio management adverse effects of investment decisions on sustainability factors for the following reasons :
1. The legal framework, both at European and national level, is incomplete.
2. Lack of information from issuers.
3. Taking into account the adverse effects on sustainability requires review and revision of many of the internal rules and policies of the Company, which will take a lot of time and effort, especially given that the legal framework is not complete.