pursuant Reg (EU) 2019/2088
I. Transparency of sustainability risk policies – Art. 3(1) Reg. (EU) 2019/2088
The following section provides information in connection with the consideration of sustainability-related aspects pursuant to Article 3(1) of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure requirements in the financial services sector (the "SFDR").
Caleus European Investment GmbH (the “AIFM”) integrates sustainability risks in its investment decision-making process.
“Sustainability risk” means an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.
As part of the investment decision-making process, potential sustainability risks associated with an investment are evaluated, assessed and related to other factors (such as price and expected return of the investment) as part of risk management. Sustainability risks can be risks in their own right and can have a significant impact on all known other risk types and contribute as a factor to the materiality of these risk types. The consideration of sustainability risks in the investment decision process is therefore intended to prevent negative effects on the expected/estimated market price and/or the liquidity of the investment and thus on the return of the fund.
We take particular account of the following physical and transition risks:
- Regulatory changes regarding carbon intensive operations of buildings
- Evolving occupational and investment market demand for environmentally sustainable workplaces and property investments
- Disruptions to operations from extreme weather events
We have developed criteria and qualitative standards that define when an investment may represent a sustainability risk. These are
- Physical limitations to significantly reduce carbon emissions from building operations in line with regulatory expectations
- (Limited) potential for solutions that help tenants to significantly reduce their carbon footprint
- Location of asset outside of major cities / locations with highly resilient infrastructure
We regularly review our strategy to ensure that it considers new risks as well as investor concerns.
II. Transparency of the promotion of sustainable investments – Art. 10(1) SFDR
The Caleus One AIF GmbH & Co. KG (the “AIF”) (i) does not promote environmental or social features, or any combination thereof, within the meaning of Article 8 of the SFDR, and (ii) does not seek to make sustainable investments within the meaning of Article 9 of the SFDR.
The AIFM selects the investments of the AIF without considering any sustainability risks within the meaning of the SFDR.
III. Principle adverse sustainability impact statement (Article 4 SFDR)
Art. 4 SFDR provides for a framework aimed at achieving transparency with regard to any principle adverse impacts of investment decisions on sustainability factors. For this purpose, financial market participants such as the AIFM must disclose certain information (taking into account the Regulatory Technical Standards (RTS) as set out in (EU) Delegated Regulation (EU) 2022/1288). Currently, the AIFM does not take into account any principle adverse impact of investment decisions on sustainability factors, as it believes that the information provided to it by the portfolio or holding companies in relation to the investments is not sufficient to allow it to do so. The AIFM will monitor developments with regard to available information and consider whether it is reasonably possible in the future to disclose the information required by the Art. 4 SFDR-framework (including the RTS).
IV. Mandatory disclosures of remuneration policies in relation to the integration of sustainability risks (Article 5 SFDR)
As a registered AIFM within the meaning of section 2(4) of the KAGB, Caleus European Investment GmbH does not have a remuneration guideline (remuneration policy) in accordance with the requirements of the KAGB. Accordingly, the integration of sustainability risks is not considered with respect to the determination of the remuneration.