AISM S.A. seeks to create positive returns by applying a sustainable investment approach, which means the integration of sustainability risks in our investment decision-making processes. AISM S.A. has developed its internal policies and investment processes to ensure that the companies the funds invest in meet its expectations in terms of sustainability.

The Management Company identifies and analyses sustainability risk (i.e. an environmental, social, or governance event or condition that, if it occurs, could potentially or actually cause a material negative impact on the value of an investment) as part of its risk management process. Sustainability risk means an environmental, social, or governance event or condition that, if it occurs, could potentially or actually cause a material negative impact on the value of a Compartment’s investment. Sustainability risks can either represent a risk of their own or have an impact on other risks and may contribute significantly to risks, such as market risks, operational risks, liquidity risks or counterparty risks. Sustainability risks may have an impact on long-term risk adjusted returns for investors. Assessment of sustainability risks is complex and may be based on environmental, social, or governance data which is difficult to obtain and incomplete, estimated, out of date or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed. Consequent impacts to the occurrence of sustainability risk can be many and varied according to a specific risk, region or asset class. Generally, when sustainability risk occurs for an asset, there will be a negative impact and potentially a total loss of its value and therefore an impact on the net asset value of the concerned Compartment. The Management Company believes that the integration of this risk analysis could help to enhance long-term risk adjusted returns for investors, in accordance with the investment objectives of the Compartments. The basis for such a strategy considers that investors can concomitantly reach a competitive financial return and make a positive impact on society and the environment. Where Compartments promote environmental or social characteristics, or have as objective sustainable investment (as provided by SFDR) this is specified in the relevant appendix of the prospectus.

art. 4 SFDR: “concerning the adverse impacts of investment decisions on sustainability factors, the Management Company does not currently consider principal adverse impacts of investment decisions on sustainability factors, as per the SFDR, due to the lack of available data, to the size, nature and scale of the activities and type of financial products the Management Company makes available to the market”