Erste AM
ESGenius® Analysis
Erste AM ESGenius® Score
The Erste AM ESGenius® Score evaluates the sustainability performance of companies and countries. These entities are assessed based on ethical and ESG risk factors. ESG stands for Environmental, Social, and Governance. The data is sourced from long-standing partners ISS ESG and MSCI ESG.
The original distributions of company and country ratings from ISS ESG and MSCI ESG were analyzed. Differences in the distribution functions of the two ESG data providers were identified. To work with approximately similar distributions, statistical adjustments (including transformation and standardization) are applied to align skewness and steepness. The original ranking of companies/countries by the respective research partners remains unaffected by these adjustments.
The ESGenius® Score combines the data geometrically. This approach ensures that companies with differing ratings from the two providers do not simply average out. For example, a company rated well by one provider but poorly by the other will not achieve a high score. Only companies rated well by both providers can achieve a high ESGenius® Score.
For countries, the ESGenius® Score considers not only the sustainability performance of the state itself but also, where sufficient data is available, the sustainability performance of companies based in that country. This includes information such as respect for human rights and inequality, as well as corporate data like CO₂ emissions, violations of anti-money laundering regulations, and labor rights.
This makes the model more dynamic, as corporate data is updated more frequently than country data. In addition to the country ratings from research partners, publicly available data is also used to assess sovereign issuers—such as data from the World Bank or the United Nations (UN).
The ESGenius® Score ranges from 0 to 100 points. A minimum score of 50 points is required for companies and sovereign bonds to be eligible for investment. Two funds are exceptions: ERSTE RESPONSIBLE BOND EM CORPORATE and ERSTE RESPONSIBLE BOND GLOBAL HIGH YIELD. For these, the minimum score is 30 points, and companies must perform better than their sector median. The minimum score is reviewed regularly and may be adjusted as needed.
Erste AM ESGenius® Score
The Erste AM ESGenius® Score evaluates the sustainability performance of companies and countries. These entities are assessed based on ethical and ESG risk factors. ESG stands for Environmental, Social, and Governance. The data is sourced from long-standing partners ISS ESG and MSCI ESG.
The original distributions of company and country ratings from ISS ESG and MSCI ESG were analyzed. Differences in the distribution functions of the two ESG data providers were identified. To work with approximately similar distributions, statistical adjustments (including transformation and standardization) are applied to align skewness and steepness. The original ranking of companies/countries by the respective research partners remains unaffected by these adjustments.
The ESGenius® Score combines the data geometrically. This approach ensures that companies with differing ratings from the two providers do not simply average out. For example, a company rated well by one provider but poorly by the other will not achieve a high score. Only companies rated well by both providers can achieve a high ESGenius® Score.
For countries, the ESGenius® Score considers not only the sustainability performance of the state itself but also, where sufficient data is available, the sustainability performance of companies based in that country. This includes information such as respect for human rights and inequality, as well as corporate data like CO₂ emissions, violations of anti-money laundering regulations, and labor rights.
This makes the model more dynamic, as corporate data is updated more frequently than country data. In addition to the country ratings from research partners, publicly available data is also used to assess sovereign issuers—such as data from the World Bank or the United Nations (UN).
The ESGenius® Score ranges from 0 to 100 points. A minimum score of 50 points is required for companies and sovereign bonds to be eligible for investment. Two funds are exceptions: ERSTE RESPONSIBLE BOND EM CORPORATE and ERSTE RESPONSIBLE BOND GLOBAL HIGH YIELD. For these, the minimum score is 30 points, and companies must perform better than their sector median. The minimum score is reviewed regularly and may be adjusted as needed.
The ESGenius® Analysis or Best-in-Class Approach
The ESGenius® Score combines risk-based and ethical ESG approaches. This analysis provides a comprehensive assessment for all issuers. The evaluation is tailored to the specific activities of each issuer.
We Follow Our Values
Erste Asset Management has clear principles and rules that form the foundation for sustainable investments. The company works closely with partners who specialize in sustainability. This collaboration is essential.
ERSTE RESPONSIBLE BOND EM CORPORATE
ERSTE RESPONSIBLE BOND GLOBAL HIGH YIELD
Disclaimer
This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.
The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to Art 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the website www.erste-am.com within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the website www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.
The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.
Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to Art 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.
Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.