Nachhaltigkeitsbezogene Offenlegungspflichten nach der Offenlegungs-Verordnung (EU) 2019/2088 sowie der Taxonomie-Verordnung (EU) 2020/852
Disclosure obligations
Preamble
The employee pension fund of the German operations of Georg Fischer AG (Angestellten-Pensionskasse der deutschen Geschäftsbetriebe der Georg Fischer AG), Schaffhausen (Switzerland); registered office: Singen (APK) is an occupational pension fund pursuant to Sections 232-244d of the German Insurance Supervision Act (VAG) and is therefore a financial market participant within the meaning of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (Offenlegungs-VO) and is subject to the provisions on the publication of information on
- the inclusion of sustainability risks in investment decision-making processes (Article 3)
- the consideration of adverse impacts of their investment decisions on sustainability factors (Article 4)
- the remuneration policy in connection with the consideration of sustainability risks (Article 5)
on the website.
Information on the management of sustainability risks in the investment decision-making process (Article 3 of the Offenlegungs-VO)
A sustainability risk within the meaning of Article 2 No. 22 of the Offenlegungs-VO is an environmental, social or governance (ESG) event or condition, the occurrence of which could have an actual or potential material adverse effect on the value of the investment.
The APK pursues an investment policy in bond and money fund investments with top credit ratings, whereby ecological, social and corporate governance factors are taken into account both in the purchasing process and in ongoing risk management.
The APK's investment policy provides for investments in government bonds and installations with credit institutions in the euro zone. Installations are made according to the principle that the bonds acquired are held until their final maturity. The final maturities are aligned with the expected maturities of the payment obligations.
Due to the investment policy described above (investments in government bonds and installations with credit institutions in the euro zone), no exclusion lists for sectors, economic activities or companies are currently used, nor are general minimum requirements for ESG-relevant key figures (e.g, ESG ratings or sustainability KPIs).
The publication on Article 3 (1) Regulation (EU) 2019/2088 is based on the status of the requirements and processes at the time of publication. The information is reviewed by the APK at least once a year and updates are published.
Information on the consideration of adverse impacts of investment decisions on sustainability factors at company level (Article 4 of the Offenlegungs-VO)
"No consideration of adverse effects of investment decisions on sustainability factors"
Sustainability factors include environmental, social and employee concerns, respect for human dignity and the fight against corruption and bribery (Article 2 No. 24 of the Offenlegungs-VO).
The APK does not currently take any adverse effects on sustainability factors into account when making investment decisions within the meaning of the Disclosure Regulation.
The reason for this is that the data and information required for the measurement of the adverse effects of investment decisions on the sustainability factors are very indifferent and difficult to obtain. In addition, due to the size of the pension fund, it is currently not possible to obtain and analyze the data at a reasonable cost for the pension fund and is therefore not planned.
Information on the remuneration policy in connection with the consideration of sustainability risks (Article 5 of the Offenlegungs-VO)
APK does not employ any employees of its own. APK makes use of the employees working in the organizational unit of the Georg Fischer Corporation.
The pension fund's comments on the Offenlegungs-VO were discussed and approved by the full Executive Board on 21 August 2023. They are valid from 01 January 2023.
Status: 21 August 2023
APK
The Executive Board