Statement on principal adverse impacts of investment decisions on sustainability factors. SFDR article 4
June 2024
Financial market participant:
Saxo Bank Group (549300TL5406IC1XKD09)Summary
Saxo Bank A/S (549300TL5406IC1XKD09) does not consider principal adverse impacts (PAI) of its investment decisions on sustainability factors. The present statement is the consolidated statement on principal adverse impacts on sustainability factors of Saxo Bank A/S, including fully or partly owned subsidiaries, namely BinckBank NV (BinckBank NV has branches in France and Belgium). Saxo Bank has no policies to identify and prioritize principal adverse impacts (PAI) on sustainability factors.The reason why we do not consider PAI is stated below for the relevant areas.
Asset management
Wealth management
No consideration of adverse impacts of investment advice on sustainability factors. For the advisory service, Wealth Management, we do not take principal adverse impacts (PAI) on sustainability factors into account when making recommendations to the client’s.
This is because there is a current lack of transparency within financial products regarding their PAI credentials, which would otherwise allow us to invest for clients with a PAI consideration. As financial products become increasingly more capable of expressing their PAI considerations quantitatively and measurably, Saxo Bank as an asset allocator towards such products can begin to robustly incorporate PAIs into its investment process.
Via fund documentation or communication directly with the fund manager, we gain an awareness of the sustainability risks per fund product. As an initial reference point, we subscribe to Sustainalitics sustainability risk scoring to understand each fund product’s score according to Sustainalitic’s methodology.
Pension
Saxo Bank does not, in its capacity as a pension product manufacturer, consider principal adverse impacts (PAI) in its investment decision-making.
This is because Saxo Bank does not offer any portfolio management or any type of investment pools for pension accounts. Investments on Saxo Bank’s pension accounts are purely managed by the clients themselves, and as such it is entirely up to the client to choose available investment products on Saxo Bank’s trading platform available for pension accounts. Consequently, Saxo Bank does not consider PAI in its investment decision-making when it comes to investments made on pension accounts as Saxo Bank does not make any investment decisions on our clients’ behalf.
No consideration of adverse impacts of investment decision-making on sustainability factors. For Asset Management, we do not take principal adverse impacts on sustainability factors into account when making investment decisions.
This is because there is a current lack of transparency within financial products regarding their PAI credentials, which would otherwise allow us to invest with a PAI consideration. As financial products become increasingly more capable of expressing their PAI considerations quantitatively and measurably, Saxo Bank as an asset manager can begin to robustly incorporate PAIs into its investment process.
No consideration of adverse impacts of investment advice on sustainability factors. For the advisory service, Wealth Management, we do not take principal adverse impacts (PAI) on sustainability factors into account when making recommendations to the client’s.
This is because there is a current lack of transparency within financial products regarding their PAI credentials, which would otherwise allow us to invest for clients with a PAI consideration. As financial products become increasingly more capable of expressing their PAI considerations quantitatively and measurably, Saxo Bank as an asset allocator towards such products can begin to robustly incorporate PAIs into its investment process.
Via fund documentation or communication directly with the fund manager, we gain an awareness of the sustainability risks per fund product. As an initial reference point, we subscribe to Sustainalitics sustainability risk scoring to understand each fund product’s score according to Sustainalitic’s methodology.
Pension
Saxo Bank does not, in its capacity as a pension product manufacturer, consider principal adverse impacts (PAI) in its investment decision-making.
This is because Saxo Bank does not offer any portfolio management or any type of investment pools for pension accounts. Investments on Saxo Bank’s pension accounts are purely managed by the clients themselves, and as such it is entirely up to the client to choose available investment products on Saxo Bank’s trading platform available for pension accounts. Consequently, Saxo Bank does not consider PAI in its investment decision-making when it comes to investments made on pension accounts as Saxo Bank does not make any investment decisions on our clients’ behalf.
| Change log date | Version number | Changes |
|---|---|---|
| 31-dec-23 | 1.0 | Editorial |
| 07-jun-24 | 1.1 | Editorial |