Luminor Asset Management IPAS / 2nd pillar pension
The Luminor Group's Sustainability Policy (summary and guiding principles are outlined here) sets out the Luminor Group's commitment to ensuring that the Group's companies operate in a responsible, sustainable, and caring manner. The Luminor Sustainability Policy includes a description of key principles of sustainability (ESG) - environmental, social responsibility, and corporate governance - which we, as a Luminor Group company, follow in our business activities, decision making process and relationships with our stakeholders. Luminor is determined to integrate ESG-related considerations and analyze ESG-related risks while implementing Luminor’s business model, risk management framework, investment decisions, and financing activities. One of Luminor's strategic priorities is to be committed to sustainable growth and implementation of ESG targets.
To promote sustainable development, Luminor prioritizes three UN Sustainable Development Goals (SDG1):
To implement the Luminor Group’s commitments, we also include sustainability-related aspects in our operations - we support such approach and operate within the framework of this business concept.
Our goal is to provide a competitive 2nd pillar pension plan offering to clients – to protect and grow clients' savings in the long term. That requires sustainable economic, environmental, and social development. Therefore, we consider sustainability risks and negative impacts on sustainability in our investment process, as well as constantly improve the process of integrating sustainability risks. Such approach contributes to reducing the impact of long-term risks in portfolios of our investment plans, facilitating the achievement of their objectives.
Based on our strategy, we developed investment plans offering according to a client's age and willingness to take risk. The offering includes both SFDR Article 62 investment plans and SFDR Article 8 investment plans, which promote environmental or social characteristics, or combination of these characteristics.
Statement on integration of sustainability risks into investment process
Statements on principal adverse impacts of investment decisions on sustainability factors:
Statement on principal adverse impacts of investment decisions on sustainability factors 30.06.2023.
Statement on principal adverse impacts of investment decisions on sustainability factors 28.06.2024.
Information on how remuneration policy is consistent with the integration of sustainability risks
Luminor index investment plan Sustainable future
Information, that shall be provided on the web page (in accordance with Article 10 of Regulation (EU) 2019/2088)
Pre-contractual disclosure for the financial products (referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852)
Information on other Luminor Asset Management IPAS investment plans
Sustainability-related disclosures of investment plans: Luminor 16-48, Luminor 48-53, Luminor 53-58, Luminor 58+ and Luminor 62-65
Notice on changes 31.05.2024.
1 SDG - UN Sustainable Development Goals. Source: sdgs.un.org
2 SFDR Article 6 investment plan – investment plan that meets the conditions of Article 6 of Regulation (EU) 2019/2088 of the European Parliament and of the Council (November 27, 2019) on the disclosure of information related to sustainability in the financial services sector. The plan does not have a sustainability-related investment objective, and no objective to promote environmental/social characteristics is included into the investment policy.