EOS Sicav Plc - Sustainable Investment Fund (the “SIF”)

Legal entity identifier: 254900XFUPWITX9SZR63

Website disclosure in terms of Article 10(1) of Regulation (EU) 2019/2088 (“SFDR”) for financial products that promote environmental and/or social characteristics referred to in Article 8(1) of SFDR.

(a) ‘Summary’;

EOS Sicav Plc - Sustainable Investment Fund (the “SIF”) promotes environmental characteristics, but does not have as its objective a sustainable investment.

The SIF promotes investments in renewable energy infrastructures in a variety of EU jurisdictions, with a primary focus on Italy, and across three core technologies, solar PV, biogas and wind. The SIF aims to contribute to the goal of making Europe the first climate-neutral continent by 2050, in line with the UN Sustainable Global Development Goals and EU Green Deal principles.

The SIF makes long term investments in renewable energy infrastructure at ready to build stage and in operational projects and excludes all investments in fossil fuels and in a variety of sectors that are considered unethical. Prior to an investment being made, due diligence is performed to assess the level of compliance of the investee companies with good governance procedures and ESG principles.

100% of the SIF investment is in Renewable Energy Infrastructure promoting environmental characteristics.

(b) ‘No sustainable investment objective’;

The SIF financial product promotes environmental characteristics, but does not have as its objective sustainable investment.

(c) ‘Environmental or social characteristics of the financial product’;

The SIF promotes investments in renewable energy infrastructures in a variety of EU jurisdictions with a primary focus on Italy.  Investments are made across three core technologies: solar PV, biogas and wind. The SIF aims to contribute to the goal of making Europe the first climate-neutral continent by 2050, in line with the UN Sustainable Global Development Goals  and EU Green Deal principles.

(d) ‘Investment strategy’;

The SIF only makes long term investments in renewable energy infrastructure at ready to build stage and in operational projects. Investments are made in Europe, predominantly in Italy. The SIF considers not eligible and therefore excludes all investments in fossil fuels and in a variety of sectors that are considered unethical. 

Prior to an investment being made, due diligence is performed to assess the level of compliance of the investee companies with good governance procedures. Moreover, on an ongoing basis, the investment team engage with management of the companies in which they have invested to ensure good governance is a priority and that the investee companies maintain appropriate policies and procedures by reference to EU and UN standards.

(e) ‘Proportion of investments’;

100% of the SIF investment will be in Renewable Energy Infrastructure promoting the environmental characteristics proposed by the SIF.

(f) ‘Monitoring of environmental or social characteristics’;

With the aim to contribute to the goal of making Europe the first climate-neutral continent by 2050 - in line with the UN Sustainable Global Development Goals and EU Green Deal principles - the SIF has chosen as indicator (KPI) the EU decarbonization goal, and monitors it measuring the energy produced from renewable energy sources. 

The SIF did not considered the PAIs because renewable energy (wind, solar PV and biogas from anaerobic digestion) has been included in the Commission Delegated Regulation (EU) 2021/2139 at point 4 as an economic activity that qualifies as contributing substantially to climate change mitigation or climate change adaptation and as an economic activity that causes no significant harm to any of the other environmental objectives.

(g) ‘Methodologies’;

The SIF only makes investments in renewable energy infrastructure with a two-fold assessment: a negative filtering and positive impact based on environmental and governance criteria. Initially the investee companies are assessed against a negative filter, excluding all investments in fossil fuels and in a variety of sectors that are considered unethical. Investee companies which pass the negative filtering, are analysed further on ESG criteria with the aim to invest only in those that are worthy of attention for renewable energy produced and for good governance.

(h) ‘Data sources and processing’;

To attain the environmental characteristics promoted, the SIF measures the quantity of renewable energy produced by the investee companies. No data are estimated.

(i) ‘Limitations to methodologies and data’;

The primary limitation to methodologies and data for the SIF is the limited availability of accurate ESG data and reference benchmark.

(j) ‘Due diligence’;

The SIF only makes investments in renewable energy infrastructure and excludes all investments in fossil fuels and in a variety of sectors that are considered unethical. Prior to an investment being made, due diligence is performed to assess the amount of clean energy produced by the plant owned by the investee companies, and the level of compliance of the investee companies with good governance procedures. 

(k) ‘Engagement policies’;

On an ongoing basis, the investment team engage with the management of the companies in which they have invested to ensure that good governance is a priority and that the investee companies maintain appropriate policies and procedures by reference to EU and UN standards.

(l) ‘Designated reference benchmark’

A benchmark has not been identified yet.