No consideration of adverse impacts of investment decisions on sustainability factors
No consideration of adverse impacts of investment decisions on sustainability factors
UBS Fund Management (Ireland) Ltd (“UBS-FMI”) does not consider adverse impacts of investment decisions on sustainability factors (“PAI”) at the legal entity level within the meaning of Article 4 of the Sustainable Finance Disclosure Regulation of the European Union (EU) 2019/2088 (“SFDR”). UBS-FMI continues to manage products where PAIs are considered.
- In 2023 and 2024, UBS-FMI voluntarily produced PAI reports on a consolidated basis across all products under its governance, based on the sustainability framework of UBS Group and UBS Asset Management.
- Effective 25th April 2025, UBS-FMI decided it will no longer do so at the legal entity level, after careful consideration of several key factors including:
- UBS-FMI delegates the portfolio management function to portfolio managers outside of UBS-FMI, who implement their own sustainability frameworks, which may take into account PAIs where appropriate, at the product level;
- As PAI indicators and related planned actions are aggregated across all products under UBS-FMI’s governance, UBS-FMI believes that this information is not useful to investors; and
- UBS-FMI has seen a low level of interest in PAI statements at the legal entity level.
UBS-FMI will continue to monitor relevant market developments and may change its stance in the future.
Since UBS-FMI had the disclosure on its website about positive PAI consideration at legal entity level in the calendar year 2023, please find hereafter the related PAI statement as required under SFDR:
