APA ots news: FMA consumer information “Let’s talk about money” explains how sustainable investments can be successful. – APPENDIX
Vienna (APA-ots) – The financial sector is expected to make an important contribution
achieve climate goals and a sustainable economy
financially support. Sustainable investing was therefore the
the fastest growing asset class on the most regulated market
Financial products in Austria. For example, it’s already around one o’clock
Third of all Austrian assets under management
Investment funds – at least 78 billion – of various types
classified as “green”, i.e. sustainable. Ultimately, however, it’s up to you
each individual investor, if and how he should invest his money
sustainability criteria. Informed of this
The Austrian Financial Market Authority (FMA) in the new edition
their consumer insight series “Let’s Talk About Money” on the
Rights and options, like consumers
can factor sustainability into their investment decisions.
sustainability preferences
Financial service providers are also required to provide investment advice
collect the sustainability preferences of its customers. The investor
or the investor can determine which
The sustainability criteria to consider are how strong these are in the
The whole portfolio must be weighted, on which financial instruments
this refers or whether it is just funds to invest again
Greetings. Consequently, the financial service provider can only
Recommend products that also meet the sustainability preferences of the
correspond to investors. But the customer can have his preferences
change at any time of course.
Standardized sustainability criteria
The European Union defines sustainability (ESG) in terms of three
Parameter:
* Environmental objectives (E): climate protection, adaptation to climate change,
protection of water and marine resources, circular economy,
Biodiversity and avoidance of environmental pollution
* Social objectives (S): Poverty prevention, gender equality,
Education, fight against hunger, human dignity and equal opportunities
* Objectives of good corporate governance (G): cyber security, diversity,
Compliance with all legal requirements and transparent structures
The investment is considered sustainable if the investment is
contributes to the achievement of one of these ESG objectives. However, it could
the implementation of which does not violate any other ESG objectives.
Sustainability is therefore defined by an inclusion criterion
(achievement of an ESG objective) and an exclusion criterion
(violation of an ESG target).
The current issue of “Let’s talk about money” on the subject
“Sustainability in investments” is available at the link:
https://redenwiruebergeld.fma.gv.at/nachhaltigkeit-bei-der-geldanlage
/
Furthermore, the FMA has in its
Consumer information format “Let’s talk about money” already in one
The problem concerns “greenwashing” and here he explains why
and how sustainability is often just a ploy to boost sales
is being abused. General information on investing in
You can also find simple and easy to understand language in the “Finanz
ABC” on the FMA website.
Question note:
financial market supervision
Klaus Grubelnik (FMA press spokesman)
+43/(0)1/24959-6006 or +43/(0)676/882 49 516
Digital press kit: http://www.ots.at/pressemappe/694/aom
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OTS0092 2022-11-30/10:33
