EU Taxonomy Disclosure
This Fund invests in an economic activity that contributes to an environmental objective (within the meaning of SFDR) and it is therefore required, pursuant to the Regulation (EU) 2020/852 (the “Taxonomy Regulation"), to disclose information about the environmentally sustainable investments made.
It is expected that through the attainment of the Fund’s sustainable investment objective, this Fund will contribute to the following environmental objectives set out in Article 9 of the Taxonomy Regulation: (a) climate change mitigation; (b) climate change adaptation; (c) the sustainable use and protection of water and marine resources; (d) the transition to a circular economy; (e) pollution prevention and control; as well as (f) the protection and restoration of biodiversity and ecosystems.
In order to contribute to these objectives, it is expected that this Fund will make investments in economic activities, such as, but not limited to, electricity generation from wind power, hydropower and ocean energy technologies; freight rail transport and installation, maintenance and repair of energy efficiency equipment. However, due to the current lack of data available on investee companies in which the Fund invests, required for the assessment of the EU Taxonomy alignment, it cannot at this stage be accurately calculated to what extent the Fund’s underlying investments qualify as environmentally sustainable as per Article 3 of the Taxonomy Regulation, nor can any of the underlying investments currently be classified as investments in environmentally sustainable economic activities under the Taxonomy Regulation.
As data on investee companies becomes more available it is expected that this calculation will become more accurate and will be made available to investors. Such data will therefore be integrated into a future version of this document, along with information relating to the proportion of investments in enabling and transitional activities.