Franklin Sustainable Euro Green Bond UCITS ETF (FTF)
SRI Style:
Environmental Style
SDR Labelling:
Not eligible to use label (out of scope)
Product:
ETF
Fund Region:
Europe
Fund Asset Type:
Fixed Interest
Launch Date:
29/04/2019
Last Amended:
Jun 2025
Dialshifter (
):
Fund/Portfolio Size:
£208.62m
(as at: 30/11/2025)
Total Screened Themed SRI Assets:
£44828.52m
(as at: 31/03/2025)
Total Responsible Ownership Assets:
£69293.32m
(as at: 31/03/2025)
Total Assets Under Management:
£1192628.01m
(as at: 31/03/2025)
ISIN:
IE00BHZRR253
Sustainable, Responsible
&/or ESG Overview:
Franklin Sustainable Euro Green Bond UCITS ETF (the “Fund”) aims to provide exposure to the European green bond market whilst maximizing total returns. The Fund is categorized under Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR). It invests at least 90% of its assets in economic activity that contributes to environmental objectives, specifically bonds labelled as being green as per international standards, and other eligible bonds qualifying as sustainable investments which are deemed to be supportive of a low-carbon future or supportive of the Paris Climate Agreement. Pre-contractual disclosures for the Fund may be found on our website, and in the Supplement to the ETF Prospectus.
Primary fund last amended:
Jun 2025
Information directly from fund manager.
Fund Filters
Sustainability - General
Has policies that consider (environmental and social) sustainability issues. Strategies vary but are likely to consider environmental issues like climate change, carbon emissions, biodiversity loss, resource management, environmental impacts; and social issues like equal opportunities, human rights, labour standards, diversity and adherence to internationally recognised codes. See individual entry information.
Has a significant focus on sustainability issues
Aim to encourage higher sustainability standards through responsible ownership / stewardship / engagement / voting activity
Use the UN Global Compact to inform or help direct where they can or cannot invest. Will typically not invest in companies with significant breaches (low standards) - strategies vary. (The UNGC covers a wide range of issues - search 'UNGC'). See https://unglobalcompact.org/
Aim to invest (and manage assets) in ways that help to address all or some of the UN's Sustainable Development Goals (SDGs). See https://sdgs.un.org/goals).
Aim to support the shift to a sustainable future. See eg https://www.transitionpathwayinitiative.org/
Publicly report performance against named sustainability objectives
Environmental - General
Has policies which relate to environmental issues. These will typically set out their stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary.
Options that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change). Strategies vary.
Aims to invest in companies with strong or market leading environmental policies and practices. Strategies vary. See individual entry information for more detail.
Has a policy describing their response to the challenges posed by plastics (particularly single use, non-recyclable plastics). Strategies vary.
Nature & Biodiversity
Has a written biodiversity policy or theme typically aimed at supporting, encouraging and improving environmental protection and safeguarding the natural world (sometimes referred to as 'natural capital'). See eg https://www.un.org/en/climatechange/science/climate-issues/biodiversity
Has a policy which sets out their expectations for how investee assets should manage their use of water - likely to focus on high users.
Climate Change & Energy
Has policies (documented strategies that explain their position) on climate change related issues such as greenhouse gas/carbon emissions, net zero, transitioning to lower carbon. Strategies vary.
Avoid investment in major coal, oil and/or gas (extraction) companies. Strategies vary.
Avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary.
Avoid companies that are involved in extracting oil from the Arctic regions.
Avoid investing in companies / assets with coal, oil and gas reserves. See individual entry information for further details.
Encourage the transition to lower carbon activities through asset selection and / or responsible ownership activity.
Invest in renewable energy companies and / or companies where renewable energy is a significant part of their business. Strategies vary.
Has a policy which describes the avoidance or limited investment in the nuclear industry. Strategies vary.
Excludes companies and other assets with direct involvement in fossil fuel exploration (eg coal, oil and gas companies)
Social / Employment
Has policies which set out their approach to social issues (e.g. human rights, labour standards, equal opportunities, child labour and/or adherence to internationally recognised codes such as the UN Global Compact). Strategies with social policies typically avoid companies with low standards and/or work to encourage higher standards. See fund information for detail.
Has a labour standards policy - likely to mean they will invest in / favour companies that have higher employment related standards and avoid those with low standards. Strategies vary. See eg https://www.ilo.org/international-labour-standards
Ethical Values Led Exclusions
Excludes companies which make controversial weapons such as landmines, cluster munitions and chemical weapons.
Avoids companies that manufacture weapons intended specifically for military use. Strategies vary - may or may not include non-strategic military products.
Avoids companies with military contracts. This may include medical supplies, food, safety equipment, housing, technology etc
Has a written civilian firearms exclusion policy - meaning that they will not invest in companies that make (or perhaps also sell) handguns made for non-military users.
Avoids companies with significant involvement in the gambling industry. Some may allow a small proportion of revenues to come from this area.
Avoids companies that derive significant income from pornography and related areas. Strategies vary.
Human Rights
Has policies relating to human rights issues. Typically require companies to demonstrate higher standards, although some managers work to encourage improvements. Investee companies are often judged against internationally agreed norms or standards. Strategies vary.
Has policies that exclude companies or other assets which operate in, or are owned by regimes which are not democratic, or where people may be oppressed. May use eg. Freedom House research. Strategies vary.
Gilts & Sovereigns
Invest in loans issued the government, commonly known as gilts or government bonds. These may or may not be ringfenced for specific projects (see additional options).
Avoids investing in 'some' gilts or government bonds. Strategies vary, but this may relate to avoiding specific countries or particular reasons for bond issuance. 'Green gilts' for example would be likely to be acceptable.
Invest in financial instruments issued by governments, but will only hold those that meet certain environmental and or social criteria. This may, for example mean certain assets are excluded in line with eg Freedom House research. Strategies vary.
Banking & Financials
Can include banks as part of their holdings / portfolio.
May invest in insurance companies.
Governance & Management
Avoids investing in companies with poor governance practices.(e.g. board structure, management practices etc.) Views may however vary on what counts as 'poor' practices - and funds may not immediately divest as they may prefer to work to encourage higher standards.
Exclude companies that are subject to United Nations sanctions. See eg https://main.un.org/securitycouncil/en/content/un-sc-consolidated-list
Has policies explaining how managers will respond to assets / companies that do not comply with relevant anti-bribery and anti-corruption standards or laws. Strategies vary; options include stewardship/ engagement and divestment - or a combination.
Encourage the companies they invest in to have more diverse board structures (e.g. more women on boards)
Aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity
Product / Service Governance
Find fund / asset managers that factor in 'environmental, social and governance' issues as part of their investment decision making process. A focus on 'ESG' typically means a fund is carrying out additional research to help reduce ESG related risks. It does not necessarily mean a focus on sustainability. Strategies vary. See fund literature.
Targeted Positive Investments
Invests more than 50% in green bonds (also known as climate bonds) which encourage sustainability and support climate related or special environmental projects.
Impact Methodologies
Has policies that aim to help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies they regard as beneficial to people and / or the planet. Strategies vary.
Aims to measure the positive real world environmental and / or social benefits that are associated with their investment strategy. Investments that aim to deliver positive impacts and measure those impacts may be referred to as 'Impact' - although impact measurement is not restricted to Impact investments. Strategies vary.
Investments which are specifically marketed as ‘Impact investments' and work to deliver both financial performance and specific, measurable positive, real world social and/or environmental benefits. Strategies vary.
Specifically sets out to help deliver positive environmental impacts, benefits or 'real world' outcomes.
Directs investment towards companies where a major part of their business is about solving environmental challenges. e.g. companies helping to address climate change.
Aims to deliver positive environmental and or social impacts (real world benefits) through its engagement with investee assets
Invests more than 50% of capital in assets which are regarded as being significantly focused on providing solutions to environmental or social challenges. Strategies vary.
How The Fund/Portfolio Works
Focuses on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
Has principle 'ethical approach' to avoid companies by using negative screening criteria. Strategies vary.
Has principle approach to apply positive or negative ethical, social and / or environmental screens. Strictly screened investments are likely to exclude more companies than other related options. Strategies vary.
Aims to avoid companies that do significant harm. This originates from the EU’s sustainable finance ‘DNSH’ (do no significant harm) work, which is not necessarily used by UK investors.
Invests in assets which can be 'mapped' (reviewed) their investment selection and management strategies to identify which of the UN Sustainable Development Goals (SDGs) the fund is helping to address.
Investment selection process uses internationally agreed 'norms' (e.g. United Nations Global Compact - UNGC - or the UN Sustainable Development Goals - SDGs) alongside additional SRI criteria such as positive or negative stock selection policies and/or stewardship strategies.
Invests in assets which have an ESG strategy (which is typically focused on avoiding companies that pose environmental, social or governance related risks) together with additional criteria such as positive and/or negative screens, themes and stewardship strategies.
Focuses on the careful management of environmental, social and governance (ESG) related risks - typically by avoiding or being underweight in companies seen as posing major risks in these areas (i.e. not necessarily by using themes, exclusions etc).
Publish explanations of their ethical, social and/or environmental policies online (i.e. investment decision making strategies/ buy/sell &/or asset management strategies).
Invests in newly listed companies and other assets (eg bonds) which are significantly focused on the provision of products and/or services which are designed to solve environmental and/or social problems.
Does not use stock lending for performance or risk purposes.
Unscreened Assets & Cash
All assets - except cash - meet the sustainability criteria published in strategy documentation.
Labels & Accreditations
Find options classified under Article 9 of the EU’s SFDR (Sustainable Finance Disclosure Requirements). Article 9 of the SFDR applies to financial products that have sustainable investment 'objectives' - including emissions reduction objectives. (These may currently be referred to as 'impact' funds or aiming to deliver clear, specific positive outcomes.) These rules do not currently apply in the UK so product managers may leave this field blank.
Fund Management Company Information
About The Business
Find fund / asset management companies that are smaller or specialise in particular areas - notably, ideally ESG related. Strategies vary.
Finds fund / asset management companies that have a published company wide stewardship, engagement and / or responsible ownership policy or strategy that covers all investments. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.
Find fund / asset management companies that actively encourage higher 'environmental, social and governance' and / or 'sustainable and responsible investment' practices across investee companies - typically where the aim is to encourage positive change that is aligned with the best interests of investors. Strategies vary. See additional information and options.
Find fund / asset management companies that aim to align all their investments (across all funds) to help meet the aims of the UN Sustainable Development Goals.
Find fund / asset management companies that encourage the companies they invest in to have strong diversity, race, gender and other equality policies across all assets held, not simply screened or themed SRI/ESG funds. (ie Asset Management company wide).
Collaborations & Affiliations
Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.
Find fund / asset management companies that are members of UKSIF - the UK Sustainable Investment and Finance association
Fund management entity is a member of the Investment Association https://www.theia.org/
Resources
Find fund / asset management companies that employ people to steer and support fund managers in voting shares at company AGM's and EGMs in ways that are consistent with encouraging higher ESG/sustainability standards.
Find a fund / asset management company that directly employs specialist ESG/SRI/sustainability researchers or analysts. This allows asset managers to discuss environmental, social and governance risks and opportunities directly with companies.
Accreditations
Find fund / asset managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where managers are encouraged to behave like responsible, typically longer term 'company owners'.
Engagement Approach
Fund / asset manager has stewardship /responsible ownership strategy that is focused on addressing climate change with investee assets.
Fund / asset manager has a stewardship /responsible ownership strategy that involves working with fossil fuel companies on climate change related issues. See fund manager website for details.
Fund / asset manager has stewardship /responsible ownership strategy with involves encouraging investee asset to reduce plastic waste and pollution.
Fund / asset manager has responsible ownership / stewardship strategy in place which aims to address human rights issues in investee companies (and potentially their suppliers) with the aim of raising standards
Fund / asset manager has responsible ownership / stewardship strategy in place that aims to improve labour standards for the benefit of employees in investee companies (and potentially their suppliers)
Fund / asset management company has a stewardship strategy in place which involves working to raise diversity, equality and inclusion standards across investee assets
Fund / asset managers have stewardship strategies in place that focus on improving governance standards across investee assets
Escalation policies describe how a manager will proceed if stewardship / engagement activity is not successful in the short term.
Company Wide Exclusions
Find fund / asset management companies (not funds) that avoid investment in 'controversial weapons' across all of their funds and other investment vehicles.
Climate & Net Zero Transition
Fund / asset management organisations that have pledged to reduce their greenhouse gas emissions to ‘net zero’. Strategies vary - this area is changing rapidly.
This fund / asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions.
Transparency
Find fund / asset management companies that publish a report detailing their responsible investment ownership - also known as 'Stewardship' - activity.
Find fund / asset management companies that publish information about their sustainable and responsible investment strategies on their company website.
This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions.
Sustainable, Responsible &/or ESG Policy:
Objectives and Investment Policy
Franklin Sustainable Euro Green Bond UCITS ETF (the “Fund”) aims to provide exposure to the European green bond market whilst maximizing total returns.
The Fund is classified as Article 9 under the EU Sustainable Finance Disclosure Regulation. The Fund invests mainly in bonds that are labelled green and denominated in European currencies. The Fund can invest to a lesser extent in bonds that are climate aligned and derivatives for hedging, efficient portfolio management and/or investment purposes. Under normal market conditions, the Fund will invest at least 75% of its Net Asset Value in bonds that are labelled as “green”, with up to 25% of its Net Asset Value invested in bonds which are deemed by the Investment Manager to be supportive of a low-carbon future. The bonds in which the Fund will invest may be issued with any duration, have both fixed and floating rates and be issued by both corporate and governmental issuers. Governmental issuers include government agencies and quasi sovereigns.
The Fund employs research analysis to select all securities and, while the focus will be on eligible “green” bonds, each investment is subject to credit approval by the Investment Manager. The selection process is used to select investments which the Investment Manager believes will enable the Fund to outperform the Benchmark. The Investment Manager can selectively add or reduce exposure in specific countries, depending on economic fundamentals, interest rate outlook, monetary policy, geo-political trends as well as fiscal policy.
The Fund pursues an actively managed investment strategy. Therefore, the Fund will hold a portfolio of actively selected and managed investments rather than seek to track the performance of the benchmark. The Fund's benchmark, the Bloomberg Global Aggregate EUR Green Bond Index is a point of reference against which the performance of the Fund may be measured. It is anticipated that a significant percentage of the Fund's investments will be components of the benchmark. However, their weightings may deviate materially from those of the benchmark. The Fund may also invest in securities that are not included in the benchmark.
(Source: KIID, as at February 2025)
Resources, Affiliations & Corporate Strategies:
At Franklin Templeton, our sustainability expertise can be found within a multitude of roles and councils across the organization. Anne Simpson is our Global Head of Sustainability and is responsible for driving the firm’s strategic direction on stewardship and sustainability. We have a firmwide Stewardship and Sustainability Council (SSC) and a Sustainable Investment Governance Committee (SIGC) as well as subject matter experts within our Investment Sustainability Solutions Team (ISST). In addition, many of our investment teams have dedicated stewardship and sustainability analysts. Anne Simpson is the Chair of the Franklin Templeton Sustainable Investment Governance Committee, a member of the SSC, and works closely with ISST leadership and the Franklin Templeton Institute.
To leverage the wealth of expertise across our investment teams, in 2021 we established a firm-wide SSC, which provides a forum for dialogue and sharing of best practices around sustainable investing. The Council is supported by the dedicated ISST. The ISST is a multidisciplinary group of sustainable investment professionals with expertise in sustainability data, stewardship and engagement, and sustainability policy and reporting within Public Market Investments. It comprises 12 professionals as of December 31, 2024. The team is led by Dr. Jennifer Willetts, Head of Investment Sustainability Solutions, with David Sheasby serving as Strategic Advisor alongside his main responsibilities as Head of Stewardship, Sustainability, and Impact at Martin Currie. David has an additional role as Co-Chair of the SSC. The ISST provides guidance and services to our investment teams and other key stakeholders across the firm through their sustainability subject matter expertise. Their role is to support the needs and priorities of our investment teams, and their clients, in their consideration and integration of investment sustainability as required.
Franklin Templeton is a member of, supporter of, or signatory to the following initiatives. This is not exhaustive, and our Specialist Investment Managers (SIMs) may engage with additional initiatives at the SIM level:
- United Nations Principles for Responsible Investment (PRI)
- The Institutional Investors Group on Climate Change (IIGCC)
- Asia Investor Group on Climate Change (AIGCC)
- Asian Corporate Governance Association (ACGA)
- CDP (formerly Carbon Disclosure Project)
- The Taskforce on Climate Related Financial Disclosures (TCFD)
- UK Sustainable Investment and Finance Association (UKSIF)
- Foro de Inversión Sostenible de España (Spainsif)
- Council of Institutional Investors (CII)
- European Sustainable Investment Forum (Eurosif)
- IFRS Sustainability Alliance - ISSB International Sustainability Standards (incl SASB standards)
- International Corporate Governance Network (ICGN) – 2013
Franklin Templeton is a signatory to the following stewardship codes:
- UK Stewardship Code
- Japan Stewardship Code
- Singapore Stewardship Principles
- Australia: Principles of Internal Governance and Asset Stewardship
- Italian Stewardship Principles for the exercise of administrative and voting rights in listed companies – Assogestioni
- Hong Kong: Hong Kong principle of responsible ownership, Securities and Future Commission
- Sweden: Guidelines for fund management companies' shareholder engagement, issued by Swedish Investment Fund Association in Feb 2002 and revised in May 2019.
- Malaysian Code for Institutional Investor (MCII)
Franklin Templeton also actively participates in industry associations including:
- European Fund and Asset Management Association (EFAMA)
- European Securities and Markets Authority (ESMA)
- Investment Association (IA)
- Responsible Investment Association (RIA)
- Responsible Investment Association (RIA) Canada
- Responsible Investment Association Australasia (RIAA)
- IAA (Investment Adviser Association)
- ASIFMA AMG (Asia Securities Industry & Financial Markets Association) (Asset Management Group)
- Confederation of British Industry (CBI)
- GPCA (Global Private Capital Association)
SDR Labelling:
Not eligible to use label (out of scope)
Fund Holdings
Disclaimer
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FTIF Templeton Emerging Markets Sustainability Fund has been classified as Article 9 under the Regulation on sustainability related disclosures in the financial services sector (EU) 2019/2088. These are Funds which have an ESG integration approach, have binding environmental and/or social characteristics and a clear sustainable investment objective. Further information in relation to the sustainability-related aspects of the Fund can be found at Templeton Emerging Markets Sustainability Fund - A (acc) USD - LU2213486215. Please review all of the fund's objectives and characteristics before investing.
This is not an offer to sell or a solicitation of an offer to purchase securities in any jurisdiction where it would be illegal to do so.
Please visit www.franklinresources.com to be directed to your local Franklin Templeton website.
| Fund Name | SRI Style | SDR Labelling | Product | Region | Asset Type | Launch Date | Last Amended |
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Franklin Sustainable Euro Green Bond UCITS ETF (FTF) |
Environmental Style | Not eligible to use label (out of scope) | ETF | Europe | Fixed Interest | 29/04/2019 | Jun 2025 | |
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Fund/Portfolio Size: £208.62m (as at: 30/11/2025) Total Screened Themed SRI Assets: £44828.52m (as at: 31/03/2025) Total Responsible Ownership Assets: £69293.32m (as at: 31/03/2025) Total Assets Under Management: £1192628.01m (as at: 31/03/2025) ISIN: IE00BHZRR253 |
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Sustainable, Responsible &/or ESG OverviewFranklin Sustainable Euro Green Bond UCITS ETF (the “Fund”) aims to provide exposure to the European green bond market whilst maximizing total returns. The Fund is categorized under Article 9 of the EU Sustainable Finance Disclosure Regulation (SFDR). It invests at least 90% of its assets in economic activity that contributes to environmental objectives, specifically bonds labelled as being green as per international standards, and other eligible bonds qualifying as sustainable investments which are deemed to be supportive of a low-carbon future or supportive of the Paris Climate Agreement. Pre-contractual disclosures for the Fund may be found on our website, and in the Supplement to the ETF Prospectus.
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Primary fund last amended: Jun 2025 |
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Information received directly from Fund Manager |
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Fund FiltersSustainability - General
Sustainability policy
Has policies that consider (environmental and social) sustainability issues. Strategies vary but are likely to consider environmental issues like climate change, carbon emissions, biodiversity loss, resource management, environmental impacts; and social issues like equal opportunities, human rights, labour standards, diversity and adherence to internationally recognised codes. See individual entry information.
Sustainability focus
Has a significant focus on sustainability issues
Encourage more sustainable practices through stewardship
Aim to encourage higher sustainability standards through responsible ownership / stewardship / engagement / voting activity
UN Global Compact linked exclusion policy
Use the UN Global Compact to inform or help direct where they can or cannot invest. Will typically not invest in companies with significant breaches (low standards) - strategies vary. (The UNGC covers a wide range of issues - search 'UNGC'). See https://unglobalcompact.org/
UN Sustainable Development Goals (SDG) focus
Aim to invest (and manage assets) in ways that help to address all or some of the UN's Sustainable Development Goals (SDGs). See https://sdgs.un.org/goals).
Transition focus
Aim to support the shift to a sustainable future. See eg https://www.transitionpathwayinitiative.org/
Report against sustainability objectives
Publicly report performance against named sustainability objectives Environmental - General
Environmental policy
Has policies which relate to environmental issues. These will typically set out their stance on issues such as pollution, climate change, resource management, biodiversity loss, carbon emissions, plastics and/or additional environmental impacts. Strategies vary.
Limits exposure to carbon intensive industries
Options that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change). Strategies vary.
Favours cleaner, greener companies
Aims to invest in companies with strong or market leading environmental policies and practices. Strategies vary. See individual entry information for more detail.
Plastics policy
Has a policy describing their response to the challenges posed by plastics (particularly single use, non-recyclable plastics). Strategies vary. Nature & Biodiversity
Biodiversity / nature policy
Has a written biodiversity policy or theme typically aimed at supporting, encouraging and improving environmental protection and safeguarding the natural world (sometimes referred to as 'natural capital'). See eg https://www.un.org/en/climatechange/science/climate-issues/biodiversity
Water stewardship policy
Has a policy which sets out their expectations for how investee assets should manage their use of water - likely to focus on high users. Climate Change & Energy
Climate change / greenhouse gas emissions policy
Has policies (documented strategies that explain their position) on climate change related issues such as greenhouse gas/carbon emissions, net zero, transitioning to lower carbon. Strategies vary.
Coal, oil & / or gas majors excluded
Avoid investment in major coal, oil and/or gas (extraction) companies. Strategies vary.
Fracking & tar sands excluded
Avoid companies involved in fracking and tar sands - which are widely regarded as controversial methods of oil and gas extraction. Strategies vary.
Arctic drilling exclusion
Avoid companies that are involved in extracting oil from the Arctic regions.
Fossil fuel reserves exclusion
Avoid investing in companies / assets with coal, oil and gas reserves. See individual entry information for further details.
Encourage transition to low carbon through stewardship activity
Encourage the transition to lower carbon activities through asset selection and / or responsible ownership activity.
Invests in clean energy / renewables
Invest in renewable energy companies and / or companies where renewable energy is a significant part of their business. Strategies vary.
Nuclear exclusion policy
Has a policy which describes the avoidance or limited investment in the nuclear industry. Strategies vary.
Fossil fuel exploration exclusion - direct involvement
Excludes companies and other assets with direct involvement in fossil fuel exploration (eg coal, oil and gas companies) Social / Employment
Social policy
Has policies which set out their approach to social issues (e.g. human rights, labour standards, equal opportunities, child labour and/or adherence to internationally recognised codes such as the UN Global Compact). Strategies with social policies typically avoid companies with low standards and/or work to encourage higher standards. See fund information for detail.
Labour standards policy
Has a labour standards policy - likely to mean they will invest in / favour companies that have higher employment related standards and avoid those with low standards. Strategies vary. See eg https://www.ilo.org/international-labour-standards Ethical Values Led Exclusions
Controversial weapons exclusion
Excludes companies which make controversial weapons such as landmines, cluster munitions and chemical weapons.
Armaments manufacturers avoided
Avoids companies that manufacture weapons intended specifically for military use. Strategies vary - may or may not include non-strategic military products.
Military involvement exclusion
Avoids companies with military contracts. This may include medical supplies, food, safety equipment, housing, technology etc
Civilian firearms production exclusion
Has a written civilian firearms exclusion policy - meaning that they will not invest in companies that make (or perhaps also sell) handguns made for non-military users.
Gambling avoidance policy
Avoids companies with significant involvement in the gambling industry. Some may allow a small proportion of revenues to come from this area.
Pornography avoidance policy
Avoids companies that derive significant income from pornography and related areas. Strategies vary. Human Rights
Human rights policy
Has policies relating to human rights issues. Typically require companies to demonstrate higher standards, although some managers work to encourage improvements. Investee companies are often judged against internationally agreed norms or standards. Strategies vary.
Oppressive regimes (not free or democratic) exclusion policy
Has policies that exclude companies or other assets which operate in, or are owned by regimes which are not democratic, or where people may be oppressed. May use eg. Freedom House research. Strategies vary. Gilts & Sovereigns
Invests in gilts / government bonds
Invest in loans issued the government, commonly known as gilts or government bonds. These may or may not be ringfenced for specific projects (see additional options).
Gilts / government bonds - exclude some
Avoids investing in 'some' gilts or government bonds. Strategies vary, but this may relate to avoiding specific countries or particular reasons for bond issuance. 'Green gilts' for example would be likely to be acceptable.
Invests in sovereigns subject to screening criteria
Invest in financial instruments issued by governments, but will only hold those that meet certain environmental and or social criteria. This may, for example mean certain assets are excluded in line with eg Freedom House research. Strategies vary. Banking & Financials
Invests in banks
Can include banks as part of their holdings / portfolio.
Invests in insurers
May invest in insurance companies. Governance & Management
Avoids companies with poor governance
Avoids investing in companies with poor governance practices.(e.g. board structure, management practices etc.) Views may however vary on what counts as 'poor' practices - and funds may not immediately divest as they may prefer to work to encourage higher standards.
UN sanctions exclusion
Exclude companies that are subject to United Nations sanctions. See eg https://main.un.org/securitycouncil/en/content/un-sc-consolidated-list
Anti-bribery & corruption policy
Has policies explaining how managers will respond to assets / companies that do not comply with relevant anti-bribery and anti-corruption standards or laws. Strategies vary; options include stewardship/ engagement and divestment - or a combination.
Encourage board diversity e.g. gender
Encourage the companies they invest in to have more diverse board structures (e.g. more women on boards)
Encourage higher ESG standards through stewardship activity
Aim to encourage higher ESG standards through responsible ownership / stewardship / engagement /voting activity Product / Service Governance
ESG integration strategy
Find fund / asset managers that factor in 'environmental, social and governance' issues as part of their investment decision making process. A focus on 'ESG' typically means a fund is carrying out additional research to help reduce ESG related risks. It does not necessarily mean a focus on sustainability. Strategies vary. See fund literature. Targeted Positive Investments
Invests > 50% in green bonds
Invests more than 50% in green bonds (also known as climate bonds) which encourage sustainability and support climate related or special environmental projects. Impact Methodologies
Aims to generate positive impacts (or 'outcomes')
Has policies that aim to help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies they regard as beneficial to people and / or the planet. Strategies vary.
Measures positive impacts
Aims to measure the positive real world environmental and / or social benefits that are associated with their investment strategy. Investments that aim to deliver positive impacts and measure those impacts may be referred to as 'Impact' - although impact measurement is not restricted to Impact investments. Strategies vary.
Described as an ‘impact investment’
Investments which are specifically marketed as ‘Impact investments' and work to deliver both financial performance and specific, measurable positive, real world social and/or environmental benefits. Strategies vary.
Positive environmental impact theme
Specifically sets out to help deliver positive environmental impacts, benefits or 'real world' outcomes.
Invests in environmental solutions companies
Directs investment towards companies where a major part of their business is about solving environmental challenges. e.g. companies helping to address climate change.
Aim to deliver positive impacts through engagement
Aims to deliver positive environmental and or social impacts (real world benefits) through its engagement with investee assets
Over 50% in assets providing environmental or social ‘solutions’
Invests more than 50% of capital in assets which are regarded as being significantly focused on providing solutions to environmental or social challenges. Strategies vary. How The Fund/Portfolio Works
Positive selection bias
Focuses on finding and investing in companies with positive / beneficial attributes. This strategy can be applied in addition to exclusion criteria and engagement/stewardship activity.
Negative selection bias
Has principle 'ethical approach' to avoid companies by using negative screening criteria. Strategies vary.
Strictly screened ethical investment
Has principle approach to apply positive or negative ethical, social and / or environmental screens. Strictly screened investments are likely to exclude more companies than other related options. Strategies vary.
Significant harm exclusion
Aims to avoid companies that do significant harm. This originates from the EU’s sustainable finance ‘DNSH’ (do no significant harm) work, which is not necessarily used by UK investors.
Assets mapped to SDGs
Invests in assets which can be 'mapped' (reviewed) their investment selection and management strategies to identify which of the UN Sustainable Development Goals (SDGs) the fund is helping to address.
Combines norms based exclusions with other SRI criteria
Investment selection process uses internationally agreed 'norms' (e.g. United Nations Global Compact - UNGC - or the UN Sustainable Development Goals - SDGs) alongside additional SRI criteria such as positive or negative stock selection policies and/or stewardship strategies.
Combines ESG strategy with other SRI criteria
Invests in assets which have an ESG strategy (which is typically focused on avoiding companies that pose environmental, social or governance related risks) together with additional criteria such as positive and/or negative screens, themes and stewardship strategies.
ESG risk mitigation focus
Focuses on the careful management of environmental, social and governance (ESG) related risks - typically by avoiding or being underweight in companies seen as posing major risks in these areas (i.e. not necessarily by using themes, exclusions etc).
SRI / ESG / Ethical policies explained on website
Publish explanations of their ethical, social and/or environmental policies online (i.e. investment decision making strategies/ buy/sell &/or asset management strategies).
Participated in sustainability solutions IPOs or new issuances recently
Invests in newly listed companies and other assets (eg bonds) which are significantly focused on the provision of products and/or services which are designed to solve environmental and/or social problems.
Do not use stock / securities lending
Does not use stock lending for performance or risk purposes. Unscreened Assets & Cash
All assets (except cash) meet published sustainability criteria
All assets - except cash - meet the sustainability criteria published in strategy documentation. Labels & Accreditations
SFDR Article 9 fund / product (EU)
Find options classified under Article 9 of the EU’s SFDR (Sustainable Finance Disclosure Requirements). Article 9 of the SFDR applies to financial products that have sustainable investment 'objectives' - including emissions reduction objectives. (These may currently be referred to as 'impact' funds or aiming to deliver clear, specific positive outcomes.) These rules do not currently apply in the UK so product managers may leave this field blank. Fund Management Company InformationAbout The Business
Boutique / specialist fund management company
Find fund / asset management companies that are smaller or specialise in particular areas - notably, ideally ESG related. Strategies vary.
Responsible ownership / stewardship policy or strategy (AFM companywide)
Finds fund / asset management companies that have a published company wide stewardship, engagement and / or responsible ownership policy or strategy that covers all investments. Stewardship typically involves encouraging higher ESG standards through voting and dialogue.
ESG / SRI engagement (AFM companywide)
Find fund / asset management companies that actively encourage higher 'environmental, social and governance' and / or 'sustainable and responsible investment' practices across investee companies - typically where the aim is to encourage positive change that is aligned with the best interests of investors. Strategies vary. See additional information and options.
SDG aligned aims / objectives (AFM companywide)
Find fund / asset management companies that aim to align all their investments (across all funds) to help meet the aims of the UN Sustainable Development Goals.
Diversity, equality & inclusion engagement policy (AFM companywide)
Find fund / asset management companies that encourage the companies they invest in to have strong diversity, race, gender and other equality policies across all assets held, not simply screened or themed SRI/ESG funds. (ie Asset Management company wide). Collaborations & Affiliations
PRI signatory
Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.
UKSIF member
Find fund / asset management companies that are members of UKSIF - the UK Sustainable Investment and Finance association
Investment Association (IA) member
Fund management entity is a member of the Investment Association https://www.theia.org/ Resources
In-house responsible ownership / voting expertise
Find fund / asset management companies that employ people to steer and support fund managers in voting shares at company AGM's and EGMs in ways that are consistent with encouraging higher ESG/sustainability standards.
Employ specialist ESG / SRI / sustainability researchers
Find a fund / asset management company that directly employs specialist ESG/SRI/sustainability researchers or analysts. This allows asset managers to discuss environmental, social and governance risks and opportunities directly with companies. Accreditations
UK Stewardship Code signatory (AFM companywide)
Find fund / asset managers that are signatories to the FRC UK Stewardship Code, which sets out a framework for constructive investor / investee relations where managers are encouraged to behave like responsible, typically longer term 'company owners'. Engagement Approach
Engaging on climate change issues
Fund / asset manager has stewardship /responsible ownership strategy that is focused on addressing climate change with investee assets.
Engaging with fossil fuel companies on climate change
Fund / asset manager has a stewardship /responsible ownership strategy that involves working with fossil fuel companies on climate change related issues. See fund manager website for details.
Engaging to reduce plastics pollution / waste
Fund / asset manager has stewardship /responsible ownership strategy with involves encouraging investee asset to reduce plastic waste and pollution.
Engaging on human rights issues
Fund / asset manager has responsible ownership / stewardship strategy in place which aims to address human rights issues in investee companies (and potentially their suppliers) with the aim of raising standards
Engaging on labour / employment issues
Fund / asset manager has responsible ownership / stewardship strategy in place that aims to improve labour standards for the benefit of employees in investee companies (and potentially their suppliers)
Engaging on diversity, equality & / or inclusion issues
Fund / asset management company has a stewardship strategy in place which involves working to raise diversity, equality and inclusion standards across investee assets
Engaging on governance issues
Fund / asset managers have stewardship strategies in place that focus on improving governance standards across investee assets
Stewardship escalation policy
Escalation policies describe how a manager will proceed if stewardship / engagement activity is not successful in the short term. Company Wide Exclusions
Controversial weapons avoidance policy (AFM companywide)
Find fund / asset management companies (not funds) that avoid investment in 'controversial weapons' across all of their funds and other investment vehicles. Climate & Net Zero Transition
Net Zero commitment (AFM companywide)
Fund / asset management organisations that have pledged to reduce their greenhouse gas emissions to ‘net zero’. Strategies vary - this area is changing rapidly.
Net Zero - have set a Net Zero target date (AFM companywide)
This fund / asset management company has set a date by which they plan to achieve net zero greenhouse gas / CO2e emissions. Transparency
Publish responsible ownership / stewardship report (AFM companywide)
Find fund / asset management companies that publish a report detailing their responsible investment ownership - also known as 'Stewardship' - activity.
Full stewardship / responsible ownership policy information on company website
Find fund / asset management companies that publish information about their sustainable and responsible investment strategies on their company website.
Net Zero transition plan publicly available (AFM companywide)
This fund / asset management company has published a plan that explains how they are going to achieve net zero greenhouse gas / CO2e emissions. Sustainable, Responsible &/or ESG Policy:Objectives and Investment Policy Franklin Sustainable Euro Green Bond UCITS ETF (the “Fund”) aims to provide exposure to the European green bond market whilst maximizing total returns. The Fund is classified as Article 9 under the EU Sustainable Finance Disclosure Regulation. The Fund invests mainly in bonds that are labelled green and denominated in European currencies. The Fund can invest to a lesser extent in bonds that are climate aligned and derivatives for hedging, efficient portfolio management and/or investment purposes. Under normal market conditions, the Fund will invest at least 75% of its Net Asset Value in bonds that are labelled as “green”, with up to 25% of its Net Asset Value invested in bonds which are deemed by the Investment Manager to be supportive of a low-carbon future. The bonds in which the Fund will invest may be issued with any duration, have both fixed and floating rates and be issued by both corporate and governmental issuers. Governmental issuers include government agencies and quasi sovereigns. The Fund employs research analysis to select all securities and, while the focus will be on eligible “green” bonds, each investment is subject to credit approval by the Investment Manager. The selection process is used to select investments which the Investment Manager believes will enable the Fund to outperform the Benchmark. The Investment Manager can selectively add or reduce exposure in specific countries, depending on economic fundamentals, interest rate outlook, monetary policy, geo-political trends as well as fiscal policy. The Fund pursues an actively managed investment strategy. Therefore, the Fund will hold a portfolio of actively selected and managed investments rather than seek to track the performance of the benchmark. The Fund's benchmark, the Bloomberg Global Aggregate EUR Green Bond Index is a point of reference against which the performance of the Fund may be measured. It is anticipated that a significant percentage of the Fund's investments will be components of the benchmark. However, their weightings may deviate materially from those of the benchmark. The Fund may also invest in securities that are not included in the benchmark. (Source: KIID, as at February 2025) Resources, Affiliations & Corporate Strategies:At Franklin Templeton, our sustainability expertise can be found within a multitude of roles and councils across the organization. Anne Simpson is our Global Head of Sustainability and is responsible for driving the firm’s strategic direction on stewardship and sustainability. We have a firmwide Stewardship and Sustainability Council (SSC) and a Sustainable Investment Governance Committee (SIGC) as well as subject matter experts within our Investment Sustainability Solutions Team (ISST). In addition, many of our investment teams have dedicated stewardship and sustainability analysts. Anne Simpson is the Chair of the Franklin Templeton Sustainable Investment Governance Committee, a member of the SSC, and works closely with ISST leadership and the Franklin Templeton Institute. To leverage the wealth of expertise across our investment teams, in 2021 we established a firm-wide SSC, which provides a forum for dialogue and sharing of best practices around sustainable investing. The Council is supported by the dedicated ISST. The ISST is a multidisciplinary group of sustainable investment professionals with expertise in sustainability data, stewardship and engagement, and sustainability policy and reporting within Public Market Investments. It comprises 12 professionals as of December 31, 2024. The team is led by Dr. Jennifer Willetts, Head of Investment Sustainability Solutions, with David Sheasby serving as Strategic Advisor alongside his main responsibilities as Head of Stewardship, Sustainability, and Impact at Martin Currie. David has an additional role as Co-Chair of the SSC. The ISST provides guidance and services to our investment teams and other key stakeholders across the firm through their sustainability subject matter expertise. Their role is to support the needs and priorities of our investment teams, and their clients, in their consideration and integration of investment sustainability as required. Franklin Templeton is a member of, supporter of, or signatory to the following initiatives. This is not exhaustive, and our Specialist Investment Managers (SIMs) may engage with additional initiatives at the SIM level:
Franklin Templeton is a signatory to the following stewardship codes:
Franklin Templeton also actively participates in industry associations including:
SDR Labelling:Not eligible to use label (out of scope) Fund HoldingsDisclaimerImportant Information The information contained in this response/questionnaire and accompanying documentation is specific to the product requested and is being provided at your express request and is for informational purposes only and is not legally binding. Any provision of the services is subject to the satisfactory completion of anti-money laundering reviews and due diligence necessary to evaluate the provision of such services, and the execution of a mutually acceptable agreement. Clients or fund investors should refer to their final account documents for relevant information and final terms. This response (the Response) is based on the information provided in the Due Diligence Questionnaire (Questionnaire). Franklin Templeton has prepared the Response in good faith, and, to the best of its knowledge, all information provided in the Response is accurate as of the date submitted. 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When investing in a fund is denominated in a foreign currency, your performance may also be affected by currency fluctuations. An investment in the Fund entails risks which are described in the Fund’s prospectus and the relevant KID/KIID. In emerging markets, the risks can be greater than in developed markets. Investments in derivative instruments entail specific risks that may increase the risk profile of the fund and are more fully described in the Fund’s prospectus and where available, in the relevant KID/KIID. No shares of the Fund may be directly or indirectly offered or sold to nationals or residents of the United States of America. Shares of the Fund are not available for distribution in all jurisdictions and prospective investors should confirm availability with their local Franklin Templeton Investments representative before making any plans to invest. 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These are Funds which have an ESG integration approach, have binding environmental and/or social characteristics and a clear sustainable investment objective. Further information in relation to the sustainability-related aspects of the Fund can be found at Templeton Emerging Markets Sustainability Fund - A (acc) USD - LU2213486215. Please review all of the fund's objectives and characteristics before investing. This is not an offer to sell or a solicitation of an offer to purchase securities in any jurisdiction where it would be illegal to do so. Please visit www.franklinresources.com to be directed to your local Franklin Templeton website. |
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