{"id":4224,"date":"2025-04-03T14:12:17","date_gmt":"2025-04-03T14:12:17","guid":{"rendered":"https:\/\/www.valori-assetmanagement.com\/esg-policy\/"},"modified":"2025-10-01T15:51:19","modified_gmt":"2025-10-01T15:51:19","slug":"esg-policy","status":"publish","type":"page","link":"https:\/\/www.valori-assetmanagement.com\/en\/esg-policy\/","title":{"rendered":"ESG Policy"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3><strong>Statement on Sustainability Risks and Consideration of Principal Adverse Impacts (PAIs)<\/strong><\/h3>\n<p><strong>In accordance with Articles 3, 4(1)(b), and 7(2) of Regulation (EU) 2019\/2088 (the \u201cSFDR\u201d)<\/strong><\/p>\n<p>&#8220;Valori Asset Management S.A. (\u201cVALAM\u201d), as a financial market participant, is required to disclose <strong>whether sustainability risks and principal adverse impacts (\u201cPAIs\u201d) are integrated into its investment decisions<\/strong>, both at the entity level and for the financial products it manages or advises on.<\/p>\n<p><strong>Integration of Sustainability Risks<\/strong><\/p>\n<p>A <strong>sustainability risk<\/strong> is an environmental, social, or governance event or condition that, if it occurs, could cause a material negative impact on the value of investments. For VALAM, these are risks that could materially influence the performance of the portfolios it manages and the investment advice it provides. Sustainability risks may include:  <\/p>\n<ul>\n<li><strong>Climate-related risks<\/strong> \u2013 physical risks from climate change and transition risks arising from society\u2019s response to climate change.<\/li>\n<li><strong>Social risks<\/strong> \u2013 e.g., gender gaps, social inequality, labor issues.<\/li>\n<li><strong>Governance risks<\/strong> \u2013 e.g., corruption, poor management practices, or unethical sales practices.<\/li>\n<\/ul>\n<p>The impact of sustainability risks varies by industry, region, and asset class. VALAM integrates these risks into investment decision-making and risk monitoring to the extent that they represent potential or actual material risks and\/or opportunities to maximize the long-term risk-adjusted returns. <\/p>\n<p><strong>Consideration of Principal Adverse Impacts (PAIs)<\/strong><\/p>\n<p>At present, VALAM does <strong>not systematically consider PAIs<\/strong> in its investment decisions. While sustainability risks are taken into account where relevant to financial performance, our processes and data sources are <g id=\"gid_1\">not yet fully aligned to enable systematic PAI reporting<\/g> in a consistent and reliable manner. This reflects current limitations in ESG data availability, consistency, and reliability, as well as the evolving regulatory environment.  <\/p>\n<p>VALAM remains committed to <strong>monitoring regulatory developments, industry practices, and improvements in ESG data quality<\/strong>. Once conditions allow for meaningful and reliable evaluation, VALAM intends to <g id=\"gid_1\">integrate PAIs systematically<\/g> into its investment processes. Once implemented, PAIs will be assessed using the indicators set out in Table 1 of Annex I of Regulation (EU) 2022\/1288<g id=\"gid_2\">.<\/g> At that time, this statement will be reviewed and updated to ensure full compliance with SFDR requirements. At that time, this statement will be <strong>reviewed and updated<\/strong> to ensure full compliance with SFDR requirements.   <\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Statement on Sustainability Risks and Consideration of Principal Adverse Impacts (PAIs) In accordance with Articles 3, 4(1)(b), and 7(2) of Regulation (EU) 2019\/2088 (the \u201cSFDR\u201d) &#8220;Valori Asset Management S.A. (\u201cVALAM\u201d), as a financial market participant, is required to disclose whether sustainability risks and principal adverse impacts (\u201cPAIs\u201d) are integrated into its investment decisions, both at [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"class_list":["post-4224","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ESG Policy - Valori<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.valori-assetmanagement.com\/en\/esg-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESG Policy - Valori\" \/>\n<meta property=\"og:description\" content=\"Statement on Sustainability Risks and Consideration of Principal Adverse Impacts (PAIs) In accordance with Articles 3, 4(1)(b), and 7(2) of Regulation (EU) 2019\/2088 (the \u201cSFDR\u201d) &quot;Valori Asset Management S.A. 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