Products
Sparinvest Ethical Global Value
(Mutual) Fund in category EAA Fund Global Large-Cap Value Equity
General info
ManagerSparinvest
Producttype(Mutual) Fund
DomicileLuxembourg
Product categoryEAA Fund Global Large-Cap Value Equity
Latest update20-11-2024
Summary Risk Indicator
1
7
Low risk
High risk
Asset allocation
Equity
99%
99%
Liquidities
1%
1%
Issuers
Corporates
99%
99%
Other
1%
1%
SFDR disclosure informationSFDR disclosure information
The EU Sustainable Finance Disclosures (SFDR) regulation requires disclosure about the proportion of sustainable investments, investments aligned with environmental or social characteristics, and other assets in the portfolio
Source: Morningstar/Sustainalytics or product manager
SFDR disclosure information
The EU Sustainable Finance Disclosures (SFDR) regulation requires disclosure about the proportion of sustainable investments, investments aligned with environmental or social characteristics, and other assets in the portfolio
Source: Morningstar/Sustainalytics or product manager
Source: Morningstar/Sustainalytics or product manager
Investments with ESG characteristics or other
6%
6%
Sustainable investments
93%
93%
Product discloses in line with Article 8 of Regulation (EU) 2019/2088: Product promoting environmental or social characteristics
Sustainability strategies used
Integration
ESG due diligence using the 'double materiality' perspective
Integration
Each investment is screened for its potential positive or negative impact on sustainability issues like nature, labour conditions and good governance (ESG). Additionally, the possible impact of sustainability events like climate change, social unrest or legal controversies on the performance of the investments, is analysed.
Exclusion
Exclusion of harmful activities
Exclusion
Exclusion of harmful activities such as weapons, tobacco, coal, unconventional oil & gas and laggard oil & gas and electricity utilities.
Norms & standards
Respect for international norms & standards
Norms & standards
Investee companies must not violate high-level normative frameworks like the UN Global Compact, the UN Guiding Principles on Business and Human Rights, the OECD Guidelines for Multinational Enterprises, and the ILO Conventions.
Beating benchmark
Building the investment portfolio so that overall it scores better than a benchmark on one or more ESG indicators
Beating benchmark
Building the investment portfolio in such a way that overall it scores better than a benchmark on one or more ESG indicators, e.g. carbon intensity.
Engagement
Engaging in a dialogue with and/or exercising voting rights in the companies invested in
Engagement
Engaging in a dialogue with companies and/or exercising voting rights in the companies invested in.
However, following this strategy as the only additional strategy is not sufficient.
For investments in the fossil fuel sector, engagement is mandatory.
However, following this strategy as the only additional strategy is not sufficient.
For investments in the fossil fuel sector, engagement is mandatory.
Exposure to controversial sectorsExposure to controversial sectors
The score of the product (little triangle) in comparison to the average score of the product category (line with dot)
Exposure to controversial sectors
The score of the product (little triangle) in comparison to the average score of the product category (line with dot)
Tobacco
0
0
Category
1
In % of the portfolio.
Tobacco
The portfolio's exposure to tobacco products manufacturing, related products & services, and (wholesale) distribution.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Weapons
0
0
Category
3
In % of the portfolio.
Weapons
The portfolio's exposure to military contracting, small arms production, dedicated components & services and distribution.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Controversial weapons
0
0
1
In % of the portfolio.
Controversial weapons
The portfolio's exposure to controversial weapons production, key components & services. Controversial weapons consist of anti-personnel mines, biological and chemical weapons, cluster weapons, depleted uranium ammunition, nuclear weapons, and white phosphorus weapons.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Coal
0
0
Category
1
In % of the portfolio.
Coal
The portfolio's exposure to thermal coal extraction.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Arctic Oil and Gas Exploration
0
0
Category
5
In % of the portfolio.
Arctic Oil and Gas Exploration
The portfolio's asset-weighted percentage revenue exposure to extraction of tar sands and Arctic oil & gas exploration.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Oil Sands Extraction
0
0
Category
5
In % of the portfolio.
Oil Sands Extraction
The portfolio's asset-weighted percentage revenue exposure to oil sands extraction.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Conventional oil & gas production
0
0
Category
13
In % of the portfolio.
Conventional oil & gas production
The portfolio's asset-weighted percentage revenue exposure to oil & gas production (exploration, transportation, refining).
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Non-renewable energy generation
0
2.5
Category
4
In % of the portfolio.
Non-renewable energy generation
The portfolio's asset-weighted percentage revenue exposure to utilities that generate electricity by burning coal, oil or natural gas.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Nuclear energy generation
0
0
Category
2
In % of the portfolio.
Nuclear energy generation
The portfolio's exposure to nuclear power generation.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Adverse impact indicatorsAdverse impact indicators
The score of the product (little triangle) in comparison to the average score of the product category (line with dot)
Adverse impact indicators
The score of the product (little triangle) in comparison to the average score of the product category (line with dot)
Corporates
Carbon footprint
0
166.2
Category
249
In tonnes per million EUR.
Carbon footprint
The amount in tonnes per million (Euro) invested for the Greenhouse Gas (GHG) scope 1 and 2 emissions that are attributable to the portfolio. The amount of emission of GHG (in tonnes) divided by the amount invested (in Euros) is known as the Carbon footprint of a portfolio. Calculated by working out for each unique holding the percentage of that company that the portfolio owns. The portfolio is therefore responsible for that portion of the company's Green house gas scope 1 and 2 emissions. Then each holdings responsible share of the Green house gas scope 1 and 2 emissions are summed to given an overall emissions in tonnes, divided by the millions (Euro) invested in total in those companies. This only includes the long portion of the holdings for which the data is available. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
GHG intensity
0
116.4
Category
175
In tonnes per million EUR.
GHG intensity
The weighted average for the portfolio of the underlying holding's Greenhouse Gas (GHG) intensity scope 1 and 2. The average only includes holdings for which the Greenhouse Gas (GHG) intensity scope 1 and 2 are known. It is calculated only on the long holdings portion of the portfolio. The GHG intensity for a company is a measure of it's emissions per million (in Euros) of revenue. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Fossil fuel involvement
0
1.5
Category
14
In % of the portfolio.
Fossil fuel involvement
The percentage of the long only portfolio that is exposed to corporations that make any revenue from activities related to Fossil Fuels. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Non-renewable energy consumption
0
70.7
Category
106
In % of the portfolio.
Non-renewable energy consumption
The weighted average for the portfolio of the percentage of the underlying holding's energy consumption that comes from non-renewable sources. The average only includes holdings for which the non renewable percentage of energy consumption are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Negative effect on biodiversity
0
2.8
Category
6
In % of the portfolio.
Negative effect on biodiversity
The percentage of the long only portfolio that is exposed to corporations that make any revenue from activities that have a negative affect on biodiversity. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Emissions to water
Data not yet available
In tonnes per million EUR.
Emissions to water
The amount in tonnes per million (Euro) invested for the emissions to water that are attributable to the portfolio. Calculated by working out for each unique holding the percentage of that company that the portfolio owns. The portfolio is therefore responsible for that portion of the company's emissions to water. Then each holdings responsible share of the emissions to water are summed to given an overall emissions in tonnes, divided by the millions (Euro) invested in total in those companies. This only includes the long portion of the holdings for which the data is available. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Water withdrawal Intensity
0
2990
Category
16092
In m3 per million USD.
Water withdrawal Intensity
The weighted average of the covered holdings' water withdrawal intensity values. At the holding level, water withdrawal intensity represents the volume of water withdrawal per unit of revenue (milion USD). Water withdrawal differs from water consumption or water usage, and is defined as the total volume (in cubic meters) of water withdrawn or diverted from various water sources, such as groundwater, lake, municipal supplies, etc. (including sea water).
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Hazardous waste
0
0.6
Category
12
In tonnes per million EUR.
Hazardous waste
The amount in tonnes per million (Euro) invested for the hazardous waste emissions that are attributable to the portfolio. Calculated by working out for each unique holding the percentage of that company that the portfolio owns. The portfolio is therefore responsible for that portion of the company's hazardous waste emissions. Then each holdings responsible share of the hazardous waste emissions are summed to given an overall emissions in tonnes, divided by the millions (Euro) invested in total in those companies. This only includes the long portion of the holdings for which the data is available. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
UNGC principles/ OECD guidelines violations
0
0
1
In % of the portfolio.
UNGC principles/ OECD guidelines violations
The percentage of the long only portfolio that is exposed to corporations that have violations of the United Nations Global Compact principles or Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Gender pay gap
Data not yet available
In %.
Gender pay gap
The weighted average for the portfolio of the underlying holding's gender pay gap. The average only includes holdings for which the gender pay gap details are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Female board members
0
36.4
Category
55
In % of female board members of the underlying holdings.
Female board members
The weighted average for the portfolio for the percentage of female board members of the underlying holdings. The average only includes holdings for which the percentage of female board members details are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Sovereigns
Carbon intensity
Data not yet available
In % of the portfolio.
Carbon intensity
The weighted average for the portfolio of the underlying holding's carbon intensity for sovereign issuers. The average only includes holdings for which the carbon intensity for the countries of the sovereign bonds are known. It is calculated only on the long holdings portion of the portfolio. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Social violations
0
0
1
In number of countries.
Social violations
The percentage of countries invested in (not percentage of the portfolio) that have social violations as referred to in international treaties and conventions, United Nations principles and, where applicable, national law. This only includes the long portion of the holdings. The principal adverse impacts (PAIs) are defined by the EU Sustainable Finance Disclosures (SFDR) regulation and are used to measure the adverse impacts of investments.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
Sustainability impact
Impact themesImpact themes
The percentage of the long only portfolio that is exposed to corporations that make any revenue (>0%) from these 5 impact themes.
Source: Morningstar/Sustainalytics
Impact themes
The percentage of the long only portfolio that is exposed to corporations that make any revenue (>0%) from these 5 impact themes.
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
30%
25%
20%
15%
10%
5%
0%
30%
22%
17%
20%
7%
Climate action
Resource security
Healthy ecosystems
Basic needs
Human development
Top 3 SDGsTop 3 SDGs
The 3 UN Sustainable Develeopment Goals (SDGs) to which the long only portfolio has the highest involvement, measured by exposure to corporations that make any revenue from the SDG
Source: Morningstar/Sustainalytics
Top 3 SDGs
The 3 UN Sustainable Develeopment Goals (SDGs) to which the long only portfolio has the highest involvement, measured by exposure to corporations that make any revenue from the SDG
Source: Morningstar/Sustainalytics
Source: Morningstar/Sustainalytics
EU TaxonomyEU Taxonomy
If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).
EU Taxonomy
If data is available, the bar above shows the performance of the product (little triangle arrow) in comparison to the average performance of the product category (line).
EU Taxonomy alignment
0
3
5
In % of the portfolio.
EU Taxonomy alignment
The percentage of the long only portfolio that is exposed to economic activities aligned with the EU Taxonomy regulation.
Source: Morningstar/Sustainalytics or product manager
Source: Morningstar/Sustainalytics or product manager
Other portfolio details
Question | Answer |
---|---|
Can derivatives be used in the portfolio management? | |
Does the portfolio contain use-of-proceeds instruments? | |
Can the product practice securities lending? | |
Does the product practice short selling? | |
Does the product invest in unlabelled underlying products? |
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