Sustainability disclosure in investment services
The growing focus on sustainability has led to the introduction of European regulations aimed at improving transparency in financial services. One of the main regulations in this area is the Sustainable Finance Disclosure Regulation (SFDR).
The SFDR, known as Regulation (EU) 2019/2088, requires financial institutions, including fund managers and financial advisors, to provide details on the sustainability policies they adopt, particularly regarding sustainability risks and the adverse impacts of investment decisions on environmental, social, and governance (ESG) factors.
This regulation is part of a broader European regulatory framework aimed at promoting sustainable finance, which also includes the Taxonomy Regulation and the Regulation on climate benchmarks. These regulations are part of the European Commission’s Sustainable Finance Action Plan, which aims to channel capital flows towards sustainable investments, manage financial risks stemming from climate change and other ESG issues, and promote long-term transparency and sustainability.
In the financial sector, the SFDR requires the publication of specific documents that illustrate how sustainability risks are integrated into decision-making processes and investment policies. Institutions must also report the significant negative impacts of their investment decisions on sustainability factors, known as Principal Adverse Impacts (PAI).
In accordance with the SFDR, Banco BPM publishes the required documentation on this page, providing a clear overview of its sustainable policies and practices.
For more details on the SFDR, please refer to the official European Union website.
Statement on the Principal Adverse Impacts of investment advice on sustainability factors
Banco BPM, as a financial advisor, meaning an investment firm providing investment advisory services, declares that it considers the adverse impacts of investment decisions on sustainability factors pursuant to Article 4 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 (“SFDR”).
To this end, the Banco BPM Group has updated its Guidelines on the integration of sustainability risks in the provision of investment services, already adopted, by including the principal adverse impacts of investment decisions on sustainability factors.
Documents
