Principal Adverse Impacts (PAI)
BancoPosta Fondi SGR and Poste Vita published on 30 June 2023 their first ‘Statement on the principal adverse impacts of investment decisions on sustainability factors’. Within this Statement, also known as the PAI Statement, evidence is provided of the performance of the PAI indicators, as identified by Delegated Regulation (EU) 2022/1288, on the companies’ overall portfolios for the year 2022, as well as the main actions planned by each company to limit the negative impacts on sustainability challenges related to its investments.
While implementing a monitoring process for each PAI indicator, BancoPosta Fondi SGR and Poste Vita have identified certain impacts as priorities due to their interconnectedness with the principles set out in the Responsible Investment Policy and with the sectors identified in the Guidelines for investing in sensitive sectors. In particular, these are impacts resulting from the exposure of investment portfolios to the fossil fuel sector, to the controversial arms sector or to issuers that do not comply with the principles of the Global Compact or the OECD Guidelines for Multinational Enterprises.