PRINCIPAL ADVERSE IMPACT
Although considered a relevant assessment, Castello SGR does not currently consider the Principal Adverse Impacts of investment decisions on sustainability factors, as it does not have sufficient, quality data to adequately assess the potential adverse effects of its investments on sustainability factors.
Castello SGR adopts a remuneration system that does not encourage excessive ESG risk-taking. The approach adopted by the SGR regarding the integration of sustainability risks in the Remuneration Policy can be found below, in the document "Summary of the Remuneration Policy".
Information published pursuant to Article 10 of Regulation (EU) 2019/2088 ("SFDR")
MILAN URBAN PRIVATE FUND
Information published pursuant to Article 12 of Regulation (EU) 2019/2088 ("SFDR")
Supplement and review of information published pursuant to Article 3 SFDR
On 10 March 2021, the SGR published, within the dedicated section of the website, a statement describing the policies on the integration of sustainability risks in the investment decision-making processes for all AIFs offered by the SGR.
On 10 March 2021, the SGR published, within the dedicated section of the website, an ESG Policy document describing the values and guidelines that inspire the SGR in its management of the AIFs offered.
Integration and review of information published pursuant to Article 5 SFDR
On 10 March 2021, the SGR published, in the dedicated section of the website, the summary document of the Remuneration Policy, supplemented with information on how this policy is consistent with the integration of sustainability risks.
SUSTAINABILITY RISK AND ESG POLICY
In conducting its activities on the market, Castello SGR operates in the interest of investors, making choices aimed at creating sustainable and lasting value over time, as well as business growth in the medium to long term, in order to produce a positive impact on society. The SGR's activities are based on a series of fundamental principles aimed at supporting the country's growth and safeguarding the environment in which we live through healthy and sustainable development over the long term. The SGR recognises the importance attributed to sustainability risk and the positive impact that this risk can have on the value and profitability of the real estate in which the Funds' assets are invested. It should be noted that the Funds set up and managed by the SGR, falling within the scope of the regulatory provisions set forth in Article 6 of Regulation (EU) 2019/2088 ("SFDR"), do not explicitly promote environmental and social characteristics nor do they set themselves sustainable investments as an investment objective, with the sole exception of the Milan Urban Private Fund. Therefore, within the investment strategy adopted, the SGR does not consider sustainability risks currently relevant in the investment decisions affecting these Funds. The description of the approach followed by Castello in managing sustainability risk is contained in the "ESG Policy", which can be consulted by accessing the box below.