II Institutional Intelligence
Deutsche Bank · 09/04/2026

Equity Portfolio - Finanzportfolioverwaltung unter Berücksichtigung von Nachhaltigkeitskriterien bei der Auswahl der Finanzinstrumente

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AI analysis
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Key arguments
  • The product promotes environmental and social characteristics but does not aim for sustainable investments under SFDR.
  • Minimum MSCI ESG rating of 'A' is required for inclusion, with exceptions for emerging market issuers and certain funds requiring 'BBB'.
  • Exclusions apply for issuers violating international norms, active in critical business fields, or states rated 'not free' by Freedom House.
  • Principal adverse impacts are addressed through exclusions for thermal coal (>5% revenue), unconventional oil/gas, UN Global Compact/OECD violations, and controversial weapons.
  • At least 51% of the portfolio (excluding cash) must consider principal adverse impacts.
  • Up to 100% of assets may be held in cash or non-ESG instruments under special market conditions.
  • The bank relies solely on MSCI positive lists and does not conduct external ESG compliance reviews.
  • Data limitations may constrain the extent to which ESG criteria are met.
Risks
  • MSCI ESG ratings and positive lists may be incorrect or incomplete, limiting the achievement of ESG criteria.
  • Data availability from fund companies and issuers is not guaranteed, especially regarding principal adverse impacts.
  • The bank does not monitor MSCI's compliance with ESG criteria and does not conduct external reviews.
  • EU taxonomy alignment may fluctuate significantly over time.
  • Under special market conditions, up to 100% of assets may be held in cash or non-ESG instruments, potentially undermining ESG objectives.