BancoPosta Fondi SGR

BancoPosta Fondi SGR

Inclusion in the ESG investment policy of at least 2 funds of an ESG strategy to control and limit carbon emissions

With the aim of pursuing sustainable growth, contributing to sustainability issues such as the fight against climate change, mitigating the negative effects of investments on the environment and society, in 2025, BancoPosta Fondi completed inclusion in the ESG investment policy of at least two funds with an ESG strategy – also in competition with others already in place – that aims to control and contain carbon emissions.

Integration of additional ESG strategies into retail funds

In order to enrich the sustainability strategy and the SGR and product range applying ESG strategies, BancoPosta Fondi has identified two funds to be transformed from Art. 6 to Art. 8 SFDR. The expansion of the SGR’s ESG product range is aimed at integrating additional ESG strategies in retail funds that are still open for placement with a main bond component (transfor­mation from Art. 6 to Art. 8 SFDR).

Expansion of indicators to measure the level of sustainability of funds

With the aim of pursuing sustainable growth and contributing to major sustainability issues, including the fight against climate change, BancoPosta Fondi has planned to identify and introduce at least two new indicators aimed at measuring the sustaina­bility level of investments. These indicators will be applied to funds, set up by the SGR, which are dedicated to retail customers (excluding institutional funds and portfolios received under delegation) and always open for placement. This initiative aims to strengthen the capacity to address and manage potential risks to overall portfolio performance, as well as to mitigate negative and foster positive impacts of investments on the environment and society.

Participation in engagement initiatives

During 2025, BancoPosta Fondi SGR participated in numerous collective engagement initiatives related to various sustaina­bility topics, including:

• environmental issues and climate change:
  • “Food & Nature” working group of the international Ceres network, focusing on the challenges and opportunities in creating a more resilient food sector and a nature-friendly economy;
  • engagement with the most CO₂ emitting companies in the Climate Action 100+ network, in which BancoPosta Fondi participates as an “investor participant”, i.e. as a signatory of the initiative that participates in direct engage­ments with the target companies, individually and/or in partnership;
  • CDP’s Non-Disclosure Campaign (formerly the Carbon Disclosure Project), a non-profit organisation that runs a global reporting system on climate change, water and forest risk;
  • Membership of the Institutional Investor Group On Climate Change (IIGCC) “Net Zero Stewardship Toolkit 2.0” working group and contribution to the publication of the position paper “Strengthening net zero stewardship in the EU” which calls for the creation of a voluntary, principles-based EU Stewardship Code, supported by targeted regulatory reforms, to harmonise expectations and reduce reporting burdens, improve transparency and enable effective engagement with companies and member states.
• social topics:
  • reporting campaign promoted by the Workforce Disclosure Initiative (WDI- part of the Thompson Reuters Foundation), aimed at raising awareness among companies to report comparable and complete data on their workforce;
  • engagement with the world’s largest manufacturers of packaged foods and (non-alcoholic) beverages promoted by the Access to Nutrition Initiative (ATNI) to accelerate sustainable access to healthy, nutritious and affordable food;
  • collaborative initiative “Attraction policies and growth paths for young people activated by Italian listed companies”, promoted by the “Engagement Working Group” of the Forum for Sustainable Finance, in which institutional inve­stors intend to analyse the state of the art of attraction policies and growth paths for young people and encourage FTSE MIB companies to dedicate space in their sustainability reports and equip themselves with governance tools to monitor this topic.
• governance topics:
  • participation in the activities of the Managers’ Committee composed of representatives of Assogestioni member SGRs;
  • participation in the activities of the Forum for Sustainable Finance, in particular sending letters on ESG issues to companies participating in Euronext Sustainability Week 2025 and attending meetings with A2A and Iren.

Exclusions from the portfolio for coal-related activities

In line with the provisions of the Responsible Investment Policy and with exclusive reference to retail funds under Art. 8 SFDR that are always open for subscription, BancoPosta Fondi SGR provides for the exclusion of coal-related assets from its port­folio. In particular, the funds to which these exclusions apply are:

• BancoPosta Azionario Flessibile and BancoPosta Orizzonte Reddito, which exclude issuers that derive more than 25% of their turnover from thermal coal mining or power generation from thermal coal;
• Poste Investo Sostenibile, which excludes companies that derive 1% or more of their revenue from the exploration, extraction, distribution or refining of hard coal and lignite;
• BancoPosta Distribuzione Attiva and BancoPosta Azionario Euro, which exclude:
  • mining, service and transport infrastructure companies that are developing coal-related projects already authori­sed and under construction;
  • companies that generate revenue from thermal coal mining or thermal coal power generation in excess of 50% of revenue;
  • power producers and mining companies with a turnover share of between 20% and 50% and an insufficient transition path;
  • companies generating more than 20% of their revenue from thermal coal;
  • companies with an annual thermal coal mining of 70 megatonnes or more and who do not intend to reduce it;
• BancoPosta Azionario Internazionale, BancoPosta Mix 1, BancoPosta Mix 2 and BancoPosta Mix 3, which exclude companies with more than 20% of their revenue from thermal coal.