Erfahrungen & Bewertungen zu Langer Financial Services

Sustainability information

Information on sustainability risks for financial products

What are sus­tain­abil­i­ty risks?
Sus­tain­abil­i­ty risks (ESG risks) are defined as events or con­di­tions from the three areas of envi­ron­ment, social and gov­er­nance, the occur­rence of which could have a neg­a­tive impact on the val­ue of the invest­ment. These risks can affect indi­vid­ual com­pa­nies as well as entire sec­tors or regions.

What are exam­ples of sus­tain­abil­i­ty risks in the three areas?
  • Envi­ron­ment: As a result of cli­mate change, an increase in extreme weath­er events could pose a risk. This risk is also known as phys­i­cal risk. An exam­ple of this would be an extreme­ly dry peri­od in a par­tic­u­lar region. This could cause the lev­els of trans­port routes such as rivers to drop to such an extent that the trans­porta­tion of goods could be impaired.
  • Social: In the social area, risks could arise, for exam­ple, from non-com­pli­ance with labor law stan­dards or health pro­tec­tion.
  • Cor­po­rate gov­er­nance: Exam­ples of risks in the area of cor­po­rate gov­er­nance include non-com­pli­ance with tax hon­esty or cor­rup­tion in com­pa­nies.

Infor­ma­tion on the inclu­sion of sus­tain­abil­i­ty risks in advi­so­ry activ­i­ties (Art. 3 TVO)
In order to take sus­tain­abil­i­ty risks into account when pro­vid­ing advice, the infor­ma­tion pro­vid­ed by providers (finan­cial mar­ket par­tic­i­pants) and their finan­cial prod­ucts is tak­en into account when select­ing them.

Providers who clear­ly do not have a strat­e­gy for incor­po­rat­ing sus­tain­abil­i­ty risks into their invest­ment deci­sions may not be offered.

As part of the advi­so­ry ser­vice, a sep­a­rate pre­sen­ta­tion may be made if the con­sid­er­a­tion of sus­tain­abil­i­ty risks in the invest­ment deci­sion has iden­ti­fi­able advan­tages or dis­ad­van­tages. dis­ad­van­tages for the cus­tomer.

The respec­tive provider pro­vides infor­ma­tion on the con­sid­er­a­tion of sus­tain­abil­i­ty risks when mak­ing invest­ment deci­sions in its pre-con­trac­tu­al infor­ma­tion. The cus­tomer can ask ques­tions about this in the run-up to a pos­si­ble con­tract.

Infor­ma­tion on the con­sid­er­a­tion of adverse effects on sus­tain­abil­i­ty fac­tors (Art. 4 TVO in con­junc­tion with Art. 11 of the sup­ple­ment to the TVO dat­ed Jan­u­ary 1, 2023)

State­ment on the con­sid­er­a­tion of key adverse impacts on sus­tain­abil­i­ty fac­tors of both invest­ment and insur­ance advice:

When advis­ing you, our aim is to be able to rec­om­mend a suit­able investment/insurance prod­uct. We also take your sus­tain­abil­i­ty pref­er­ences into account, if you wish. You can spec­i­fy whether your invest­ment should take into account envi­ron­men­tal and/or social val­ues and prin­ci­ples of good cor­po­rate gov­er­nance and/or the main adverse impacts of invest­ment deci­sions on sus­tain­abil­i­ty fac­tors. Depend­ing on the type of invest­ment objec­tive (invest­ment in com­pa­nies, coun­tries, real estate, etc.), leg­is­la­tors have defined “indi­ca­tors” for the most impor­tant adverse effects of their invest­ment deci­sions on sus­tain­abil­i­ty fac­tors in the fol­low­ing areas:

  • Envi­ron­men­tal, social and employ­ee mat­ters
  • Respect for human rights
  • The fight against cor­rup­tion and bribery.

Prod­uct providers are required by law to pub­lish a state­ment out­lin­ing their strat­e­gy for con­sid­er­ing and man­ag­ing the most sig­nif­i­cant adverse impacts. This relates in par­tic­u­lar to green­house gas emis­sions, water con­sump­tion, bio­di­ver­si­ty, waste, social and employ­ee mat­ters (includ­ing human rights and cor­rup­tion). If you decide that the main adverse impacts of your invest­ment deci­sions on sus­tain­abil­i­ty fac­tors should be tak­en into account in both prod­uct selec­tion process­es, we will con­sid­er the infor­ma­tion pro­vid­ed by the prod­uct providers and the strate­gies out­lined by the prod­uct providers as part of the selec­tion process.

We do not apply our own clas­si­fi­ca­tion and selec­tion meth­ods to the infor­ma­tion pro­vid­ed by prod­uct sup­pli­ers. The plau­si­bil­i­ty of the infor­ma­tion pro­vid­ed by the prod­uct providers is not checked sep­a­rate­ly.

Infor­ma­tion on the remu­ner­a­tion pol­i­cy when con­sid­er­ing sus­tain­abil­i­ty risks (Art. 5 TVO) Our remu­ner­a­tion for bro­ker­ing finan­cial prod­ucts does not vary depend­ing on whether the rec­om­mend­ed finan­cial prod­uct takes sus­tain­abil­i­ty risks into account or not. The same applies to the remu­ner­a­tion of our employ­ees and sub-agents.

Sta­tus: 09.03.2023