On 10 March 2021, the European Union's new Sustainable Finance Disclosure Regulation (SFDR) came into force. This Regulation requires EU financial market participants and EU financial advisors to be transparent about sustainability at both company and product level with the aim of ensuring comparability and harmonisation in respect of sustainability. Under the SFDR, Swiss Life Asset Managers is obliged to classify its investment products authorised for distribution within the EU when it comes to sustainability integration.
SFDR affects Swiss Life Asset Managers at both the corporate and the product level. At company level, regulated entities have to comply with extensive disclosure requirements. The same applies to providers of investment products. All Swiss Life Asset Managers fund solutions registered and licensed for distribution in EU markets must be classified accordingly. This transparency is intended to help investors compare products in order to make informed decisions regarding sustainability.
Swiss Life Asset Managers has undertaken to disclose all its European real estate focus funds pursuant to Article 8 and Article 9 SFDR and, where necessary, has submitted this self-declaration to the relevant supervisory authorities. In relation to our entire investment universe (real estate, securities and infrastructure) a total of at least 60% of the focus funds have thus been classified as Article 8 or 9 SFDR as of 10 March 2021.
Stefan Mächler, Group CIO of Swiss Life: "We are convinced that the systematic implementation of sustainability criteria in the investment decision-making process will play an increasingly important role in the future. Swiss Life Asset Managers therefore pursues the goal, in line with Articles 8 and 9 SFDR, of providing further investment solutions (either new or adapted ones) to support existing clients with their investment decisions and to address new client groups."
In the last few years, Swiss Life Asset Managers has developed a comprehensive ESG concept and approach to responsible investing. It will continue to expand this concept over the coming years. Consequently, it makes sense that, already in the initial phase, Swiss Life Asset Managers will have the majority of its investment products in third-party business aligned with the SFDR sustainability requirements, i.e. in compliance with Articles 8 and 9.
More information on Swiss Life Asset Managers’ responsible investment approach is available here.