Nomura Funds Ireland plc - Global Sustainable Equity Fund
SRI Style:
Sustainability Tilt
SDR Labelling:
Not eligible to use label (out of scope)
Product:
SICAV/Overseas
Fund Region:
Global
Fund Asset Type:
Equity
Launch Date:
15/04/2019
Last Amended:
Jul 2024
Dialshifter (
):
Fund/Portfolio Size:
£33.45m
(as at: 30/11/2025)
Total Screened Themed SRI Assets:
£4003.00m
(as at: 31/03/2024)
Total Responsible Ownership Assets:
£15549.00m
(as at: 31/03/2024)
Total Assets Under Management:
£443829.00m
(as at: 31/03/2024)
ISIN:
IE00BJ1GXR76, IE00BJ1GXT90, IE00BJ1GXN39, IE00BJ1GXP52, IE00BMWHS192, IE00BMWHRZ63
Contact Us:
Objectives:
To achieve long-term capital growth through investment in a relatively concentrated, actively managed portfolio of global equity securities issued by companies with a high overall positive impact on society.
The Nomura Global Sustainable Equity Strategy seeks to deliver a double bottom line; strong risk adjusted returns alongside positive social and environmental outcomes, while avoiding companies that have a negative impact on our planet and society. We have set six impact goals for the strategy, aligned with the UN Sustainable Development Goals (UN SDGs), that we believe we have the greatest opportunity to positively impact through both investment and engagement within public equities (the impact goals are Mitigate Climate Change, Mitigate Natural Capital Depletion, Eliminate Communicable Disease, Mitigate the Obesity Epidemic, Global Access to Basic Financial Services, Global Access to Clean Drinking Water).
Sustainable, Responsible
&/or ESG Overview:
No response when requested update from fund manager
The strategy combines our Total Stakeholder Impact philosophy and longstanding ‘Quality at Discount Valuation’ investment process. Please see the next response for a detailed explanation.
We believe the key competitive advantage to be our ‘double bottom’ line approach. This means that the strategy aims to deliver strong investment performance combined with a positive impact on the crucial environmental and social issues. The team have set six impact goals for the strategy, aligned with the UN Sustainable Development Goals (UN SDGs), to positively impact through both investment and engagement within public equities. We produce detailed impact reporting across the entire portfolio to demonstrate this to our clients. The goals are Mitigate Climate Change, Mitigate Natural Capital Depletion, Eliminate Communicable Disease, Mitigate the Obesity Epidemic, Global Access to Basic Financial Services, Global Access to Clean Drinking Water. The team is committed to working towards these “Impact Goals” and reporting on progress.
Primary fund last amended:
Jul 2024
Information directly from fund manager.
Fund Filters
Sustainability - General
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).
Publicly report performance against named sustainability objectives
Environmental - General
Options that limit or 'reduce' their exposure to carbon intensive industries (ie sectors which are major contributors to climate change). Strategies vary.
Has a policy or theme that relates to managing natural resources more efficiently. Strategies vary. See individual entry information.
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 written policy or theme focused on waste management - typically to support or encouraging higher levels of recycling and better efficiency / reducing waste. Strategies vary.
Nature & Biodiversity
Has policies designed to address involvement in irresponsibly managed palm oil or other forms of deforestation (typically exclusion led). Strategies vary.
Climate Change & Energy
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.
Invest (or may invest) in clean / renewable energy companies and other assets. The proportion directly or indirectly invested in renewable energy may vary over time.
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.
Social / Employment
Has policies or themes that set out their approach to health and wellbeing issues, typically aims to invest in companies with high standards - or encourage high standards.
Ethical Values Led Exclusions
Companies are excluded if they are involved in any aspect of the production chain for tobacco products, including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Companies are excluded if they make more than 5% of their revenue from the manufacture, sale or distribution of tobacco products including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Avoids companies that manufacture weapons intended specifically for military use. Strategies vary - may or may not include non-strategic military products.
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 that produce alcohol. Strategies vary; some may allow a small proportion of revenue to come from this area.
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 or a theme that relates to the responsible management of supply chains. These may relate to employment issues, notably people employed by their suppliers, as well as the sourcing of materials and products.
Meeting Peoples' Basic Needs
Have policies or themes that set out the position on investment in the water sector and/or sanitation. Strategies vary.
Healthcare and or medical theme or area of investment - may have a single or many themes
Gilts & Sovereigns
Does not invest in / excludes 'sovereigns' - debt issued by governments. See eg https://www.investopedia.com/terms/s/sovereign-debt.asp
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
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.
Asset Size
Invests more than half of their money into what are commonly regarded as 'large companies'. This will typically mean that the market capitalisation (or value) of the companies they hold is in excess of £5 to £10 billion.
Invests mainly in larger companies / assets. (e.g. over circa £5-£10bn)
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.
Specifically sets out to help deliver positive environmental impacts, benefits or 'real world' outcomes.
Specifically states that they aim to deliver positive social (i.e. people related) impacts and/or 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.
Invest in companies where a major part of their business is specifically aimed at helping to address social challenges. e.g. companies helping to address poverty.
Aims to deliver positive environmental and or social impacts (real world benefits) through its engagement with investee assets
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.
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).
Uses specialist strategies to aid performance which involve ‘lending’ assets to others at specific points in time.
Unscreened Assets & Cash
Holds between 70-79% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Holds between 80-89% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Holds at least 90% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Only invests in cash to aid the practical management (buying and selling) of assets and so do not use additional financial instruments.
All assets - except cash - meet the sustainability criteria published in strategy documentation.
Intended Clients & Product Options
Designed to meet the needs of individual investors with an interest in sustainability issues.
Designed to meet the needs of individual investors with an interest in ‘Impact investment’ which help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies regarded as beneficial to people and / or the planet. Strategies vary.
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
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 managers that vote all* the shares they own at Annual General Meetings and Extraordinary General Meetings. A commitment to voting shares is a key indicator of 'responsible share ownership' demonstrating their support for or disagreement with management policy. (*situations can legitimately, occasionally occur where voting proves impossible, but in principle all shares should be voted.)
Find fund / asset managers that consider responsible ownership and ESG to be a key differentiator for their business.
Find options run by managers that apply Responsible ownership or 'Stewardship' policies to all or most of their investment assets. This means active involvement (e.g. voting, dialogue) with the companies across all or most funds, products and services.
This fund / asset management company invests in companies which have recently listed on a stock exchange (which is important as it can help grow new businesses).
Fund / asset management company has investments in bonds designed to meet sustainability requirements - however these assets may not be 'ringfenced' for this purpose. See website for details.
Collaborations & Affiliations
Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.
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.
Find fund / asset management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors.
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
Find fund / asset management companies that regularly initiate or run industry wide (collaborative) investor projects aimed at raising environmental, social and governance standards amongst investee companies.
Company Wide Exclusions
Find funds / asset managers that are reviewing, or have reviewed, their exposure to carbon intensive industries including (but not only) mining, oil and gas companies. (Typically with reference to climate change.)
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.
Find fund / asset management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.
This fund / asset management company plans to achieve net zero greenhouse gas (CO2e) emissions with the help of a scheme that will lock away an amount of carbon that is equivalent to the company’s own emissions – so that the end result is ‘net zero’. Calculations and scope vary.
Find fund / asset management companies that are working to reduce their own (fund management company) carbon/greenhouse gas emissions.
Finds organisations / fund management companies that are in the process of working out how to make a ‘net zero commitment’ - meaning that when that is finalised they will have started the process of reducing their total greenhouse gas emissions to 'zero'.
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 will supply information about their sustainable and responsible investment activity on request.
This fund / asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.
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:
The strategy is based on our ‘Total Stakeholder Impact’ philosophy and our longstanding ‘Quality at Discount Valuation’ investment approach. It takes a concentrated, high conviction investment approach, investing globally between 35 and 40 stocks. The team focuses on individual stock selection with an emphasis on the timely purchase of a select number of high quality businesses trading below their intrinsic values. It implements a unique, collegiate stock selection process combined with proprietary ‘Total Stakeholder Impact’ framework and UN SDGs analysis.
- Total Stakeholder Impact: A corporation’s total impact spans across a broad range of stakeholders (the environment, customers, suppliers, employees, society, and investors) and is both non-monetary and monetary in nature. The strategy seeks to identify, those companies that have the greatest positive total impact.
- Quality at Discount Valuation: Strong competitive advantages, consistent cash returns to shareholders, skilled management, a history of attractive returns on capital and the opportunity to make attractive reinvestments are characteristics of “quality" companies. We seek to buy these businesses below intrinsic value and believe the behavioural biases of other investors give us opportunities to do this.
The strategy mainly focuses on 6 SDG goals outlined in 'Objectives'.
Process:
Investment Process
A quantitative screen is applied to the global universe of over 3,000 stocks that takes into account both investment quality characteristics and an assessment of the positive or negative impact on each of the UN SDGs. This process narrows the universe down to 800 stocks (the ‘investment universe’) that have the potential to be high quality investments that are also having a positive impact on the impact goals we have set for the strategy. The six impact goals are aligned with those SDGs and focus on the areas where we believe public equity investment and engagement can have a materially positive impact on are 1) Mitigate Climate Change, 2) Mitigate Natural Capital Depletion, 3) Mitigate the Obesity Epidemic, 4) Eliminate Communicable Disease, 5) Global Access to Basic Financial Services and 6) Global Access to Clean Drinking Water.
Detailed fundamental analysis and a discounted cash flow valuation model are used to confirm the standards of quality and to estimate intrinsic values. Individual stocks are reviewed by the analyst team and presented to the stock selection committee, comprised of the Head of Equities and the portfolio management team. The analysis must include an assessment of both the investment case and relevant ESG factors. All investments must be approved by the global stock selection committee. This stage of the process narrows the universe down further to c. 90 stocks.
The next stage of the process is the application of our proprietary stakeholder impact assessment framework. The framework is used as a comprehensive tool to make a holistic assessment of the total impact on all stakeholders (the environment, society, employees, customer, suppliers and us as shareholders) and identifies those companies that can have the greatest positive impact on society including our six impact goals. The stakeholder framework is completed by the sector analysts who are experts within the respective field and then undergo a process of review by the lead portfolio manager to ensure standardisation and rigorous team debate. Companies must meet a minimum threshold score to be deemed investable. The sector analyst must formally recommend addition of the stock to the portfolio to the team. This will then be rigorously debated by the entire team and all members have power of veto.
Portfolio Construction
Once a stock has been approved for investment in the Global Sustainable Equity strategy the size and timing of entry point will be discussed across the whole team. The aim is to balance the portfolio managers’ (Alex Rowe and Benjamin Lacaille) understanding of the risk exposures and balance of attractiveness relative to existing holdings of the portfolio with the sector analyst’s deep knowledge of the intended investment. Core to all investment decisions is seeking to obtain consensus across the team to maximise the individual strengths of team members and mitigate individual bias.
Individual position sizing takes into account both the attractiveness of the individual investment (upside to our assessment of intrinsic value alongside the associated uncertainty) and our assessment of total stakeholder impact. The largest holdings within the portfolio are high quality businesses, with considerable upside to fair value, and outsized positive impact across a broad range of stakeholders.
Risk is monitored by an independent risk manager with a separate reporting line to the investment team. The portfolio managers work closely with the risk manager to ensure that the portfolio is not taking unintended risks or outsized market bets.
The portfolio managers take primarily responsibility for oversight of risk (which includes both ‘typical’ investment risk and ‘ESG’ risk), however in line with the differentiated team based approach each month a different member of the investment team is asked to present at the team meeting on the risk profile of the strategy, and given the opportunity to express any differing views to the portfolio managers for the team to debate. Furthermore a systematic quarterly portfolio ESG risk document is produced by Alex Rowe and Daniela Dorelova and distributed across the entire team for discussion.
Resources, Affiliations & Corporate Strategies:
Sources of external information/data
Screening & Analysis Tools
- Sustainalytics (Alert)
- MSCI ESG Manager (ESG data)
- Refinitive DataStream (CDP data)
- ISS ESG (Climate Impact Assessment)
ESG Rating
- MSCI ESG Manager
- Refinitive DataStream
- Bloomberg
Active Ownership Support Tools
- Sustainalytics (Engagement)
- ISS (Proxy Voting)
- Glass Lewis (Proxy Voting)
We also have our own proprietary ESG Scores which is informed by the research of the Responsible Investment Department in Tokyo.
The Responsible Investment Department and the Responsible Investment Committee in Tokyo
We have 13 dedicated ESG Specialists and 1 ESG Investment Managers (as of December 31, 2023) within our Responsible Investment Dept. and Net Zero Strategy Dept. in Tokyo, who are responsible for proxy voting decisions - they maintain frequent contact with company management in Japan to discuss corporate governance issues
Moreover, overseeing their decisions is the Responsible Investment committee. The committee (previously known as the ESG Committee) was established to discuss the company’s key policies relating to ESG issues on a firm-wide basis. The Responsible Investment Committee includes members from the Investment Management and Research teams, Client Services, and Corporate Office departments.
The Responsible Investment Committee determines NAM's company policy regarding stewardship activities. In principle, the Committee's members are limited to officers and professionals who can make decisions regarding investment management and research, while anyone who is in a position that could involve a conflict of interest (or his or her representatives) is excluded. The Committee consists of 7 members and 5 observers as of December 31, 2023.
NAM UK
At Nomura Asset Management UK, we have the Responsible Investment Oversight Committee (RIOC) whose main purpose is to provide oversight of responsible investment capabilities and responsible investment products. The RIOC provides initial authorisation of responsible investment capabilities and products as well as providing ongoing monitoring of the effectiveness of processes and alignment with their characteristics/objectives. The RIOC members include CEO, Chief Administration Officer, heads of Sustainable Investing Strategy and Oversight, Compliance and Product.
Please see the document attached titled ‘ESG Representatives’; this table depicts the firm’s ESG resources featuring two members of the GSE Investment team i.e. Alex Rowe, Lead Portfolio Manager, and Daniela Dorelova, Sustainable Investment Specialist.
Please see below for details of our memberships and affiliations with respect to ESG of NAM UK’s parent company Nomura Asset Management Co., Ltd.:
Nomura Asset Management Co., Ltd. (NAM)
- UK Stewardship Code, (NAM UK only) since December 2010
- United Nation's Principles for Responsible Investment (UN PRI), since March 2011
- Principles for Financial Action for the 21st Century, since January 2012
- International Corporate Governance Network (ICGN), since December 2018
- Asian Corporate Governance Association (ACGA), since December 2018
- Task Force on Climate-related Financial Disclosures (TCFD), since March 2019
- Farm Animal Investment Risk and Return (FAIRR), since June 2019
- Sustainable Blue Economy Finance Principles (SBEFP), since July 2019
- Access to Medicine Foundation, Access to Medicine Index, since July 2019
- Japan Stewardship Initiative (JSI), since November 2019
- Climate Action 100+, since December 2019
- 30% Club Japan (Investor Group), since December 2019
- Global Real Estate Sustainability Benchmark (GRESB), since March 2021
- Access to Nutrition Initiative, since May 2021
- Net Zero Asset Managers Initiative (NZAM), since August 2021
- Carbon Disclosure Project (CDP), since November 2021
- Women in ETFs, since April 2022
- ICMA Principles Membership, since June 2023
- Taskforce on Nature-related Financial Disclosures (TNFD) Forum, since July 2023
- Triple I for GH(Impact Investment Initiative for Global Health), since September 2023
Nomura Holdings, Inc. (NHI)
- United Nations Global Compact (UNGC), since June 2015
- United Nations Environment Programme-Finance Initiative (UNEP FI), since January 2019
- Partnership for Carbon Accounting Financials (PCAF), since March 2022 (as for the PCAF, we joined as NAM in August 2021, but NHI joined in March 2022)
SDR Labelling:
Not eligible to use label (out of scope)
Literature
Disclaimer
Disclaimer
For your reference, the following definitions will be used throughout this document:
- “Nomura”, “NAM Group”, “NAM”, “Our”, “We”:
- These references relate to the whole Nomura Asset Management organisation and will generally be used when referring to matters such as investment philosophy, style, company structure and other policies which are consistent across the Group.
- “NAM Tokyo”
- This refers to Nomura Asset Management Co., Ltd., the Head Office of the NAM Group based in Tokyo, Japan.
- “NAM UK”
- This refers to Nomura Asset Management U.K. Ltd., the UK based subsidiary of NAM Tokyo. NAM UK has been appointed as investment manager and will retain responsibility for the management and control of the client portfolio.
- “NAM EU, UK Branch”
- This refers to Nomura Asset Management Europe KVG mbH, UK Branch, the UK based subsidiary of NAM Europe. NAM EU, UK Branch has been appointed and will retain responsibility for the servicing of the client portfolio and relationship.
- “Strategy”, “Fund”
- Strategy: Nomura Global Sustainable Equity Strategy
- Fund: Nomura Funds Ireland plc – Global Sustainable Equity Fund
- The Fund is an Ireland domiciled UCITS vehicle.
- "Benchmark"
- MSCI All Country World Index
This document was prepared by Nomura Asset Management U.K. Limited and Nomura Asset Management Europe KVG mbH – UK Branch from sources it reasonably believes to be accurate. This document is distributed by Nomura Asset Management Europe KVG mbH – UK Branch.
Nomura Asset Management Europe KVG mbH is authorised and regulated by the Federal Financial Supervisory Authority (BaFin). Its UK Branch is also authorised and regulated by the Financial Conduct Authority (FCA). The information in this report is not intended in any way to indicate or guarantee future investment results as the value of investments may go down as well as up. Values may also be affected by exchange rate movements and investors may not get back the full amount originally invested. Before purchasing any investment product, you should read the related risk documentation in order to form your own assessment and judgement and, to make an investment decision. This document may not be reproduced or redistributed, in whole or in part, for any purpose without the written permission of Nomura Asset Management Europe KVG mbH.
The content of this document is considered as minor non-monetary benefit in the meaning of MiFID II and not to be construed as legal, business or tax advice or as a recommendation of any kind.
This is a marketing communication. Please refer to the prospectus and to the PRIIPs KID or UCITS KIID as appropriate for your relevant jurisdiction before making any final investment decisions.
The prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) - as appropriate for your relevant jurisdiction - and other fund related materials are available in English and, for the PRIIPs KID, in the official language of the countries in which the fund is available for distribution on the Nomura Asset Management U.K. Ltd. website at:
https://www.nomura-asset.co.uk/fund-documents/
Nomura Asset Management U.K. Ltd. is authorised and regulated by the Financial Conduct Authority.
A summary of investor rights in English and information on collective redress mechanisms are available at:
https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf
Nomura Asset Management U.K. Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state other than its home member state.
The fund is a sub-fund of Nomura Funds Ireland plc, which is authorised by the Central Bank of Ireland as an open-ended umbrella investment company with variable capital and segregated liability between its sub-funds, established as an undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011. The UCITS fund is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.
This strategy was managed as a ‘paper portfolio’ from 31 July 2017 until fund launch on 15 April, 2019. As such all performance returns prior to fund launch are synthetic, exclusive of all management fees but include estimated transaction and administration costs of 40bp per annum.
SFDR
From the regulatory perspective, NAM UK does not fall under the definition of the financial market participant (“FMP”) that is required to make entity-level disclosures under the EU Sustainable Finance Disclosure Regulation (“SFDR”). However, we voluntarily provide SFDR entity-level disclosures to effectively satisfy the disclosure requirements of the FMPs (e.g. the management company of our UCITS funds).
With regard to entity-level PAIs, we have chosen not to consider them for the time being given that NAM UK does not have an average number of employees exceeding 500 during the financial year. Instead, we will focus on reporting relevant PAI data, as far as possible, at product level for certain financial products that have a sustainable investment objective and/or promote environmental and/or social characteristics.
Please see the entity-level disclosures of the FMP: https://bridgefundservices.com/disclosures/
Please see NAM UK’s entity-level disclosures: https://www.nomura-asset.co.uk/responsible-investment-asset-management/esg-sustainable-investment/
Nomura Funds Ireland plc – Global Sustainable Equity Fund is an Art. 9 fund according to SFDR.
| Fund Name | SRI Style | SDR Labelling | Product | Region | Asset Type | Launch Date | Last Amended |
|
|---|---|---|---|---|---|---|---|---|
Nomura Funds Ireland plc - Global Sustainable Equity Fund |
Sustainability Tilt | Not eligible to use label (out of scope) | SICAV/Overseas | Global | Equity | 15/04/2019 | Jul 2024 | |
ObjectivesTo achieve long-term capital growth through investment in a relatively concentrated, actively managed portfolio of global equity securities issued by companies with a high overall positive impact on society. The Nomura Global Sustainable Equity Strategy seeks to deliver a double bottom line; strong risk adjusted returns alongside positive social and environmental outcomes, while avoiding companies that have a negative impact on our planet and society. We have set six impact goals for the strategy, aligned with the UN Sustainable Development Goals (UN SDGs), that we believe we have the greatest opportunity to positively impact through both investment and engagement within public equities (the impact goals are Mitigate Climate Change, Mitigate Natural Capital Depletion, Eliminate Communicable Disease, Mitigate the Obesity Epidemic, Global Access to Basic Financial Services, Global Access to Clean Drinking Water). |
Fund/Portfolio Size: £33.45m (as at: 30/11/2025) Total Screened Themed SRI Assets: £4003.00m (as at: 31/03/2024) Total Responsible Ownership Assets: £15549.00m (as at: 31/03/2024) Total Assets Under Management: £443829.00m (as at: 31/03/2024) ISIN: IE00BJ1GXR76, IE00BJ1GXT90, IE00BJ1GXN39, IE00BJ1GXP52, IE00BMWHS192, IE00BMWHRZ63 Contact Us: info@nomura-asset.co.uk |
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Sustainable, Responsible &/or ESG OverviewNo response when requested update from fund manager
The strategy combines our Total Stakeholder Impact philosophy and longstanding ‘Quality at Discount Valuation’ investment process. Please see the next response for a detailed explanation. We believe the key competitive advantage to be our ‘double bottom’ line approach. This means that the strategy aims to deliver strong investment performance combined with a positive impact on the crucial environmental and social issues. The team have set six impact goals for the strategy, aligned with the UN Sustainable Development Goals (UN SDGs), to positively impact through both investment and engagement within public equities. We produce detailed impact reporting across the entire portfolio to demonstrate this to our clients. The goals are Mitigate Climate Change, Mitigate Natural Capital Depletion, Eliminate Communicable Disease, Mitigate the Obesity Epidemic, Global Access to Basic Financial Services, Global Access to Clean Drinking Water. The team is committed to working towards these “Impact Goals” and reporting on progress. |
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Primary fund last amended: Jul 2024 |
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Information received directly from Fund Manager |
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Fund FiltersSustainability - General
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).
Report against sustainability objectives
Publicly report performance against named sustainability objectives Environmental - General
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.
Resource efficiency policy or theme
Has a policy or theme that relates to managing natural resources more efficiently. Strategies vary. See individual entry information.
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.
Waste management policy or theme
Has a written policy or theme focused on waste management - typically to support or encouraging higher levels of recycling and better efficiency / reducing waste. Strategies vary. Nature & Biodiversity
Deforestation / palm oil policy
Has policies designed to address involvement in irresponsibly managed palm oil or other forms of deforestation (typically exclusion led). Strategies vary. Climate Change & Energy
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.
Clean / renewable energy theme or focus
Invest (or may invest) in clean / renewable energy companies and other assets. The proportion directly or indirectly invested in renewable energy may vary over time.
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. Social / Employment
Health & wellbeing policies or theme
Has policies or themes that set out their approach to health and wellbeing issues, typically aims to invest in companies with high standards - or encourage high standards. Ethical Values Led Exclusions
Tobacco & related product manufacturers excluded
Companies are excluded if they are involved in any aspect of the production chain for tobacco products, including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Tobacco & related products - avoid where revenue > 5%
Companies are excluded if they make more than 5% of their revenue from the manufacture, sale or distribution of tobacco products including cigarettes, vaping, e-cigarettes, chewing tobacco and cigars.
Armaments manufacturers avoided
Avoids companies that manufacture weapons intended specifically for military use. Strategies vary - may or may not include non-strategic military products.
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.
Alcohol production excluded
Avoids companies that produce alcohol. Strategies vary; some may allow a small proportion of revenue to come from this area.
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
Responsible supply chain policy or theme
Has policies or a theme that relates to the responsible management of supply chains. These may relate to employment issues, notably people employed by their suppliers, as well as the sourcing of materials and products. Meeting Peoples' Basic Needs
Water / sanitation policy or theme
Have policies or themes that set out the position on investment in the water sector and/or sanitation. Strategies vary.
Healthcare / medical theme
Healthcare and or medical theme or area of investment - may have a single or many themes Gilts & Sovereigns
Does not invest in sovereigns
Does not invest in / excludes 'sovereigns' - debt issued by governments. See eg https://www.investopedia.com/terms/s/sovereign-debt.asp 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
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. Asset Size
Over 50% large cap companies
Invests more than half of their money into what are commonly regarded as 'large companies'. This will typically mean that the market capitalisation (or value) of the companies they hold is in excess of £5 to £10 billion.
Invests mostly in large cap companies / assets
Invests mainly in larger companies / assets. (e.g. over circa £5-£10bn) 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.
Positive environmental impact theme
Specifically sets out to help deliver positive environmental impacts, benefits or 'real world' outcomes.
Positive social impact theme
Specifically states that they aim to deliver positive social (i.e. people related) impacts and/or 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.
Invests in social solutions companies
Invest in companies where a major part of their business is specifically aimed at helping to address social challenges. e.g. companies helping to address poverty.
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 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.
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).
Use stock / securities lending
Uses specialist strategies to aid performance which involve ‘lending’ assets to others at specific points in time. Unscreened Assets & Cash
Assets typically aligned to sustainability objectives 70 - 79%
Holds between 70-79% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Assets typically aligned to sustainability objectives 80 – 89%
Holds between 80-89% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
Assets typically aligned to sustainability objectives > 90%
Holds at least 90% of assets which align to the sustainability objectives; which are not being held purely for risk management purposes, such as derivatives and cash equivalent assets.
No ‘diversifiers’ used other than cash
Only invests in cash to aid the practical management (buying and selling) of assets and so do not use additional financial instruments.
All assets (except cash) meet published sustainability criteria
All assets - except cash - meet the sustainability criteria published in strategy documentation. Intended Clients & Product Options
Intended for clients interested in sustainability
Designed to meet the needs of individual investors with an interest in sustainability issues.
Intended for clients who want to have a positive impact
Designed to meet the needs of individual investors with an interest in ‘Impact investment’ which help or support the delivery of positive social or environmental impacts (or societal/real world outcomes) by investing in companies regarded as beneficial to people and / or the planet. Strategies vary. 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
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.
Vote all* shares at AGMs / EGMs (AFM companywide)
Find fund / asset managers that vote all* the shares they own at Annual General Meetings and Extraordinary General Meetings. A commitment to voting shares is a key indicator of 'responsible share ownership' demonstrating their support for or disagreement with management policy. (*situations can legitimately, occasionally occur where voting proves impossible, but in principle all shares should be voted.)
Responsible ownership / ESG a key differentiator (AFM companywide)
Find fund / asset managers that consider responsible ownership and ESG to be a key differentiator for their business.
Responsible ownership policy for non SRI / sustainable options (AFM companywide)
Find options run by managers that apply Responsible ownership or 'Stewardship' policies to all or most of their investment assets. This means active involvement (e.g. voting, dialogue) with the companies across all or most funds, products and services.
Invests in newly listed companies (AFM companywide)
This fund / asset management company invests in companies which have recently listed on a stock exchange (which is important as it can help grow new businesses).
Invests in new sustainability linked bond issuances (AFM companywide)
Fund / asset management company has investments in bonds designed to meet sustainability requirements - however these assets may not be 'ringfenced' for this purpose. See website for details. Collaborations & Affiliations
PRI signatory
Find fund / asset management companies that have signed up to the UN backed 'Principles of Responsible Investment'.
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.
Use specialist ESG / SRI / sustainability research companies
Find fund / asset management companies that makes use of expert external research companies. This can help deliver specialist expertise and means resources are pooled with other investors. 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
Regularly lead collaborative ESG initiatives (AFM companywide)
Find fund / asset management companies that regularly initiate or run industry wide (collaborative) investor projects aimed at raising environmental, social and governance standards amongst investee companies. Company Wide Exclusions
Review(ing) carbon / fossil fuel exposure for all funds (AFM companywide)
Find funds / asset managers that are reviewing, or have reviewed, their exposure to carbon intensive industries including (but not only) mining, oil and gas companies. (Typically with reference to climate change.) 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.
Encourage carbon / greenhouse gas reduction (AFM companywide)
Find fund / asset management companies that are working with the companies they invest in to encourage reductions in carbon dioxide and other greenhouse gas emissions.
Carbon offsetting - offset carbon as part of net zero plan (AFM companywide)
This fund / asset management company plans to achieve net zero greenhouse gas (CO2e) emissions with the help of a scheme that will lock away an amount of carbon that is equivalent to the company’s own emissions – so that the end result is ‘net zero’. Calculations and scope vary.
In-house carbon / GHG reduction policy (AFM companywide)
Find fund / asset management companies that are working to reduce their own (fund management company) carbon/greenhouse gas emissions.
Working towards a ‘Net Zero’ commitment (AFM companywide)
Finds organisations / fund management companies that are in the process of working out how to make a ‘net zero commitment’ - meaning that when that is finalised they will have started the process of reducing their total greenhouse gas emissions to 'zero'. 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 available on request
Find fund / asset management companies that will supply information about their sustainable and responsible investment activity on request.
Paris Alignment plan publicly available (AFM companywide)
This fund / asset management company has published a plan that explains how they will align to the climate change commitments made at the Paris Climate Talks, COP21.
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:The strategy is based on our ‘Total Stakeholder Impact’ philosophy and our longstanding ‘Quality at Discount Valuation’ investment approach. It takes a concentrated, high conviction investment approach, investing globally between 35 and 40 stocks. The team focuses on individual stock selection with an emphasis on the timely purchase of a select number of high quality businesses trading below their intrinsic values. It implements a unique, collegiate stock selection process combined with proprietary ‘Total Stakeholder Impact’ framework and UN SDGs analysis.
The strategy mainly focuses on 6 SDG goals outlined in 'Objectives'. Process:Investment Process A quantitative screen is applied to the global universe of over 3,000 stocks that takes into account both investment quality characteristics and an assessment of the positive or negative impact on each of the UN SDGs. This process narrows the universe down to 800 stocks (the ‘investment universe’) that have the potential to be high quality investments that are also having a positive impact on the impact goals we have set for the strategy. The six impact goals are aligned with those SDGs and focus on the areas where we believe public equity investment and engagement can have a materially positive impact on are 1) Mitigate Climate Change, 2) Mitigate Natural Capital Depletion, 3) Mitigate the Obesity Epidemic, 4) Eliminate Communicable Disease, 5) Global Access to Basic Financial Services and 6) Global Access to Clean Drinking Water. Detailed fundamental analysis and a discounted cash flow valuation model are used to confirm the standards of quality and to estimate intrinsic values. Individual stocks are reviewed by the analyst team and presented to the stock selection committee, comprised of the Head of Equities and the portfolio management team. The analysis must include an assessment of both the investment case and relevant ESG factors. All investments must be approved by the global stock selection committee. This stage of the process narrows the universe down further to c. 90 stocks. The next stage of the process is the application of our proprietary stakeholder impact assessment framework. The framework is used as a comprehensive tool to make a holistic assessment of the total impact on all stakeholders (the environment, society, employees, customer, suppliers and us as shareholders) and identifies those companies that can have the greatest positive impact on society including our six impact goals. The stakeholder framework is completed by the sector analysts who are experts within the respective field and then undergo a process of review by the lead portfolio manager to ensure standardisation and rigorous team debate. Companies must meet a minimum threshold score to be deemed investable. The sector analyst must formally recommend addition of the stock to the portfolio to the team. This will then be rigorously debated by the entire team and all members have power of veto.
Portfolio Construction Once a stock has been approved for investment in the Global Sustainable Equity strategy the size and timing of entry point will be discussed across the whole team. The aim is to balance the portfolio managers’ (Alex Rowe and Benjamin Lacaille) understanding of the risk exposures and balance of attractiveness relative to existing holdings of the portfolio with the sector analyst’s deep knowledge of the intended investment. Core to all investment decisions is seeking to obtain consensus across the team to maximise the individual strengths of team members and mitigate individual bias. Individual position sizing takes into account both the attractiveness of the individual investment (upside to our assessment of intrinsic value alongside the associated uncertainty) and our assessment of total stakeholder impact. The largest holdings within the portfolio are high quality businesses, with considerable upside to fair value, and outsized positive impact across a broad range of stakeholders. Risk is monitored by an independent risk manager with a separate reporting line to the investment team. The portfolio managers work closely with the risk manager to ensure that the portfolio is not taking unintended risks or outsized market bets. The portfolio managers take primarily responsibility for oversight of risk (which includes both ‘typical’ investment risk and ‘ESG’ risk), however in line with the differentiated team based approach each month a different member of the investment team is asked to present at the team meeting on the risk profile of the strategy, and given the opportunity to express any differing views to the portfolio managers for the team to debate. Furthermore a systematic quarterly portfolio ESG risk document is produced by Alex Rowe and Daniela Dorelova and distributed across the entire team for discussion. Resources, Affiliations & Corporate Strategies:Sources of external information/data Screening & Analysis Tools
ESG Rating
Active Ownership Support Tools
We also have our own proprietary ESG Scores which is informed by the research of the Responsible Investment Department in Tokyo.
The Responsible Investment Department and the Responsible Investment Committee in Tokyo We have 13 dedicated ESG Specialists and 1 ESG Investment Managers (as of December 31, 2023) within our Responsible Investment Dept. and Net Zero Strategy Dept. in Tokyo, who are responsible for proxy voting decisions - they maintain frequent contact with company management in Japan to discuss corporate governance issues Moreover, overseeing their decisions is the Responsible Investment committee. The committee (previously known as the ESG Committee) was established to discuss the company’s key policies relating to ESG issues on a firm-wide basis. The Responsible Investment Committee includes members from the Investment Management and Research teams, Client Services, and Corporate Office departments. The Responsible Investment Committee determines NAM's company policy regarding stewardship activities. In principle, the Committee's members are limited to officers and professionals who can make decisions regarding investment management and research, while anyone who is in a position that could involve a conflict of interest (or his or her representatives) is excluded. The Committee consists of 7 members and 5 observers as of December 31, 2023.
NAM UK At Nomura Asset Management UK, we have the Responsible Investment Oversight Committee (RIOC) whose main purpose is to provide oversight of responsible investment capabilities and responsible investment products. The RIOC provides initial authorisation of responsible investment capabilities and products as well as providing ongoing monitoring of the effectiveness of processes and alignment with their characteristics/objectives. The RIOC members include CEO, Chief Administration Officer, heads of Sustainable Investing Strategy and Oversight, Compliance and Product. Please see the document attached titled ‘ESG Representatives’; this table depicts the firm’s ESG resources featuring two members of the GSE Investment team i.e. Alex Rowe, Lead Portfolio Manager, and Daniela Dorelova, Sustainable Investment Specialist. Please see below for details of our memberships and affiliations with respect to ESG of NAM UK’s parent company Nomura Asset Management Co., Ltd.:
Nomura Asset Management Co., Ltd. (NAM)
Nomura Holdings, Inc. (NHI)
SDR Labelling:Not eligible to use label (out of scope) LiteratureDisclaimerDisclaimer For your reference, the following definitions will be used throughout this document:
This document was prepared by Nomura Asset Management U.K. Limited and Nomura Asset Management Europe KVG mbH – UK Branch from sources it reasonably believes to be accurate. This document is distributed by Nomura Asset Management Europe KVG mbH – UK Branch. Nomura Asset Management Europe KVG mbH is authorised and regulated by the Federal Financial Supervisory Authority (BaFin). Its UK Branch is also authorised and regulated by the Financial Conduct Authority (FCA). The information in this report is not intended in any way to indicate or guarantee future investment results as the value of investments may go down as well as up. Values may also be affected by exchange rate movements and investors may not get back the full amount originally invested. Before purchasing any investment product, you should read the related risk documentation in order to form your own assessment and judgement and, to make an investment decision. This document may not be reproduced or redistributed, in whole or in part, for any purpose without the written permission of Nomura Asset Management Europe KVG mbH. The content of this document is considered as minor non-monetary benefit in the meaning of MiFID II and not to be construed as legal, business or tax advice or as a recommendation of any kind. This is a marketing communication. Please refer to the prospectus and to the PRIIPs KID or UCITS KIID as appropriate for your relevant jurisdiction before making any final investment decisions. The prospectus, key information document (PRIIPs KID), key investor information document (UCITS KIID) - as appropriate for your relevant jurisdiction - and other fund related materials are available in English and, for the PRIIPs KID, in the official language of the countries in which the fund is available for distribution on the Nomura Asset Management U.K. Ltd. website at: https://www.nomura-asset.co.uk/fund-documents/ Nomura Asset Management U.K. Ltd. is authorised and regulated by the Financial Conduct Authority. A summary of investor rights in English and information on collective redress mechanisms are available at: https://www.nomura-asset.co.uk/download/funds/how-to-invest/Summary_of_investor_rights.pdf Nomura Asset Management U.K. Limited may at any time decide to terminate arrangements it may have made for the marketing of units of a fund in a member state other than its home member state. The fund is a sub-fund of Nomura Funds Ireland plc, which is authorised by the Central Bank of Ireland as an open-ended umbrella investment company with variable capital and segregated liability between its sub-funds, established as an undertaking for Collective Investment in Transferable Securities under the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011. The UCITS fund is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This strategy was managed as a ‘paper portfolio’ from 31 July 2017 until fund launch on 15 April, 2019. As such all performance returns prior to fund launch are synthetic, exclusive of all management fees but include estimated transaction and administration costs of 40bp per annum. SFDR From the regulatory perspective, NAM UK does not fall under the definition of the financial market participant (“FMP”) that is required to make entity-level disclosures under the EU Sustainable Finance Disclosure Regulation (“SFDR”). However, we voluntarily provide SFDR entity-level disclosures to effectively satisfy the disclosure requirements of the FMPs (e.g. the management company of our UCITS funds). With regard to entity-level PAIs, we have chosen not to consider them for the time being given that NAM UK does not have an average number of employees exceeding 500 during the financial year. Instead, we will focus on reporting relevant PAI data, as far as possible, at product level for certain financial products that have a sustainable investment objective and/or promote environmental and/or social characteristics. Please see the entity-level disclosures of the FMP: https://bridgefundservices.com/disclosures/ Please see NAM UK’s entity-level disclosures: https://www.nomura-asset.co.uk/responsible-investment-asset-management/esg-sustainable-investment/ Nomura Funds Ireland plc – Global Sustainable Equity Fund is an Art. 9 fund according to SFDR. |
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