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.