NACHHALTIGKEIT
Invest sustainably with certificates!
Climate change is one of the greatest challenges of our time, and we can only overcome it together. Everyone can make a contribution in everyday life, for example in terms of mobility and consumption. But we also want to set an example in financial terms!
We are aware of our social and ecological responsibility and want to make a contribution in terms of resource conservation, climate protection and social change. It is therefore our aim to design a significant proportion of our capital or partial protection certificates with sustainability in mind.
These investment products are assessed according to clear, objective criteria.
-labelled products meet the sustainability criteria for Raiffeisen Certificates:
UN Principles for Responsible Banking
Raiffeisen Bank International Group (RBI) has signed the UN Principles for Responsible Banking. This is a global agreement developed between banks and the United Nations Environment Programme Finance Initiative (UNEP FI). The Principles for Responsible Banking define the role and responsibility of the banking sector and bring it into line with the UN Sustainable Development Goals and the Paris Climate Agreement of 2015. Raiffeisen Certificates are also committed to this framework.
Austrian Ecolabel dla certyfikatów Raiffeisen
W kwietniu 2022 Raiffeisen (dawniej Raiffeisen Centrobank AG) otrzymał od minister Eleonore Gewessler austriacką Etykietę Ekologiczną. Jako niezależne certyfikat z wysoką wiarygodnością i rozpoznawalnością, austriacka Etykieta Ekologiczna certyfikuje etyczne projekty i firmy w sektorze finansowym, które osiągają zyski poprzez zrównoważone inwestycje. Do komunikatu prasowego w języku niemieckimur →
Our Sustainability Strategy
We are committed to strict, clear criteria when classifying our certificates. Whether a certificate is sustainable or not according to this set of rules is determined by means of an exclusion procedure. The key factors are:
Product type - Is the certificate an investment product? (in the sense of the product classification of Zertifikate Forum Austria)
Underlying - Is the index or the share(s) sustainable?
In our sustainable investment products, we take into account environmental, social and responsible corporate governance (ESG) requirements. Our sustainability strategy also ensures that no environmental or social objective or principle leads to another being violated or even completely disregarded (known as the "do not significantly harm" principle).
Our Sustainability Standards
Sustainable underlying - sustainable issuer - sustainable certificate: This is the chain on which the sustainability standards for Raiffeisen certificates and our sustainable activities are based. We also ensure compliance with the Sustainability Code of the Certificates Forum Austria - that is a matter of course.
Standard zrównoważonego rozwoju dla certyfikatów Raiffeisen w formie pliku PDF:
Znajdziesz podsumowanie naszego standardu zrównoważonego rozwoju w naszej broszurze informacyjnej.
Kodeks Zrównoważonego Rozwoju
Forum Certyfikatów Austria (ZFA):
Na austriackim poziomie sektora czterech emitentów reprezentowanych w ZFA uzgodniło również jednolite standardy produktów i transparentności zgodnie z kryteriami zrównoważonych inwestycji w certyfikaty. Więcej informacji na stronie www.zertifikateforum.at.
Further Sources
Find out more about RBI's sustainability ratings: Sustainability ratings and indices →
The publication of the annual sustainability report serves as a transparency and information tool in the dialog with RBI stakeholders: RBI Group Sustainability Reports →
Criteria for Product Exclusion
Leverage products are generally categorised as non-sustainable because they typically have a short term and do not serve any medium or long-term investment objectives. Investment products that specifically profit from falling prices (reverse or short certificates) are also considered unsustainable. Please see product classification of Zertifikate Forum Austria
Criteria for the Exclusion of the Underlying
We explicitly exclude certain underlying assets from sustainable investment products. We have also set strict turnover limits for certain economic activities. No investment products are issued on companies as underlyings that violate the UN Global Compact. Child labor, disregard for human rights or significant damage to the environment are examples of such serious violations.
The following criteria were developed based on the taxonomy and disclosure regulation of the European Union in coordination with the corporate governance for Raiffeisen Certificates, as well as in line with the recommendations of the Austrian Federal Economic Chamber (WKO) and considering the RBI business policies.
Excluded are Companies That ...
 | ... violate human rights and especially the above-mentioned UN Global Compact principles. |
 | ... derive more than 25% of their revenue from coal mining. |
 | ... generate more than 10% of their revenue from armaments. |
 | ... generate more than 5% of their revenue from tobacco. |
 | ... engage in trading essential soft commodities on financial markets |
 | ... derive more than 10% of their revenue from nuclear power. |
 | Additionally, we exclude states as underlying assets that are classified as ‘not free’ by Freedom House due to the current human rights situation. |
Principal Adverse Impacts (PAI)
In the case of sustainable Raiffeisen Certificates, principal adverse impacts on sustainability (PAI) are considered:
- Consideration at the level of the issuer, i.e. Raiffeisen Bank International, derived from the sustainability report.
- Consideration at the level of the underlying asset, through compliance with the sustainability strategy and consideration of the sustainability standard.
 | Greenhouse gas emissions |  | Water conservation and consumption | |
 | Species diversity (biodiversity) |  | Social, labour and human rights issues, including corruption and bribery | |
 | Waste avoidance | |||
Sustainable Underlyings
The following indices with sustainability relevance are used for sustainable Raiffeisen Certificates:
| Index | Composition (as of June 2024) | Region | Investment products |
| MSCI® World Climate Change Top ESG Select 4.5% Decrement | over 240 shares | global | Certificates → |
| MSCI® World Top ESG Select 4.5% Decrement | over 410 shares | global | Certificates → |
| MSCI® Europe Top ESG Select 4.5% Decrement | over 100 shares | Europe | Certificates → |
| MSCI® Emerging Markets Top ESG Select 5% Decrement | over 330 shares | emerging markets | Certificates → |
| MSCI® North America Top ESG Select 4.5% Decrement | over 210 shares | North America | Certificates → |
| DAX® 50 ESG (PR) EUR | 50 companies | Germany | Certificates → |
Raiffeisen Certificates with sustainable indices as underlying fully take into account the exclusion criteria according to the sustainability standards for Raiffeisen Certificates, including Principal Adverse Impacts (PAI).
LEGAL NOTICE
Sustainable Raiffeisen Certificates take into account the main adverse effects on sustainability factors (PAI) according to Art. 2 No. 7 lit. c) MiFID II-DVO, (EU) 2021/1253. However, these are not financial products within the meaning of Regulation (EU) 2019/2088. This is advertising which does not constitute investment advice, an offer, a recommendation or an invitation to make an offer. Comprehensive information on the financial instrument and its opportunities and risks - see approved (base) prospectus (including any supplements), published at raiffeisenzertifikate.at/securitiesprospectuses. Additional information also in the basic information sheet and under "Customer information and regulatory matters" raiffeisenzertifikate.at/customer-information. The approval of the prospectus is not to be understood as an endorsement of this financial instrument by the authority (FMA). You are about to acquire a product that is not simple and may be difficult to understand. We recommend that you read the prospectus before making an investment decision. When purchasing the financial instrument, the investor bears the credit risk of Raiffeisen Bank International AG (RBI). The certificate is subject to special regulations which may already have an adverse effect in the event of a probable default of RBI (e.g. suspension of interest payments) - see raiffeisenzertifikate.at/bail-in
