Hermes Fund Managers Ireland Limited (“HFMIL”) is authorised by the Central Bank of Ireland as a UCITS management company and as an alternative investment fund manager and has been appointed to a range of collective investment schemes domiciled in Ireland and Luxembourg. HFMIL has also been authorised to provide individual portfolio management services and provides such services to a range of clients throughout Europe.
For the purpose of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”), HFMIL is a financial market participant and is therefore required to publish and maintain on its website, in accordance with Article 4 of SFDR, information on whether it considers principal adverse impacts of investment decisions on sustainability factors.
HFMIL does not consider principal adverse impacts of investment decisions on sustainability factors at an entity level for the following reason(s):
HFMIL manages products across a wide range of asset classes for which there is inconsistent and, in some cases, non-existent principal adverse impact data. Furthermore, while a number of products under HFMIL’s management consider principal adverse impact at a product level in accordance with Article 7 of SFDR, data (where it is available) is not collected for those products which do not consider principal adverse impacts in accordance with Article 7. As such, HFMIL does not have the data available to it to aggregate principal adverse impacts across its entire product range and so cannot provide an accurate representation of the manner in which principal adverse impacts of investment decisions on sustainability factors are considered.
HFMIL will keep its position with regard to Article 4 under review as further and better data becomes available as the reporting framework around SFDR and related legislative initiatives develops.