Durability
At Wictor Family Office, we are aware that our business affects both individuals and society, both now and in the future. Our philosophy assumes that awareness is the first step towards a future where sustainable investments play a central role in wealth management.
We have chosen to integrate sustainability risks into the investment decision process and investment advice, and have chosen to consider negative consequences for sustainability factors. For that reason, the Wictor Family office has established a special policy for the integration of sustainability risks/due diligence policy. Accordingly, the company actively works in an advisory context to draw attention to and analyze the sustainability risks of investments from an ESG perspective. Sustainability risk refers to an environmental, social or governance-related event or circumstance that, if it were to occur, would have an actual or potential significant negative impact on the value of the investment. Sustainability is then included in the dialogue with the customer to increase awareness and influence investments in a more sustainable direction.
Our ambition is to take into account both the direct and indirect aspects of our actions over time, as well as create a good structure to simplify the work around sustainability issues, both externally and internally. Sustainability risks are also included in our compensation policy in accordance with Article 5 of EU Regulation 2019/2088 to reduce internal risk-taking of sustainability-related risks
We strive to fulfill the UN's six principles for responsible investments (UN PRI - Principles for Responsible investments) by actively paying attention to, considering and improving the integration of sustainability risks.
Tools & Method
Our approach to analyzing sustainability risks is based on the asset class's ESG-Score measured according to the MSCI ESG Index, which gives an indication of an asset class's sustainability risks according to a seven-point scale from AAA-CCC. This tool is used, among other things, by our investment committee, which evaluates a potential investment before it is made available to the client in order to consider possible negative consequences for sustainability factors and to integrate and identify sustainability risks in the instrument in question.
Wictor Family Office has identified the following negative consequences for sustainability factors
- Environmentally related negative consequences
- High greenhouse gas emissions
- High energy consumption from non-renewable energy
- Damage to biodiversity
- High water consumption
- Large waste
Social and personnel-related negative consequences
- Lack of recognition by the ILO of workers' rights
- Gender discriminatory wages
- Child labor
Negative consequences for human rights and the fight against corruption and bribery
- Lack of human rights policy
- Lack of commitment to follow UN principles on human rights
- Lack of anti-corruption and bribery policy
Furthermore, we have chosen to prioritize the negative consequences related to human rights in the first place and environmental-related negative consequences in the second place. However, we believe that negative consequences for both the environment, social issues and governance issues are of equal importance and thus make the assessment that the MSCI Index will parallelly secure the level of sustainability of investments and investment decisions. The index takes into account 37 key factors within the defined sustainability risks on a multidimensional level related to size, nature and scope, it may also include negative consequences for sustainability factors.
Goal
Wictor Family Office works with concrete goals and aims to: As of the turn of the year 2021/2022, do not take in asset classes that have a lower ESG score than BB
2030 average at least an ESG score of A across all our discretionary portfolios.
If you want to know more about our work around sustainability, contact: Lina Karlsson
Sustainability-related information
Account of the main negative consequences of investment decisions for sustainability factors.
Account of the main negative consequences of insurance advice and investment advice respectively for sustainability factors.
WFO takes note of the preliminary information that the financial market participants have published on its websites within the framework of the insurance advice and investment advice that WFO provides. This also includes the information provided by financial market participants regarding the main negative consequences of their investment decisions for sustainability factors.
At present, the WFO has not established any criteria or thresholds based on the main negative consequences for sustainability factors in Annex I to the delegated regulation 2022/1288/EU as the WFO considers it not appropriate when the data reported by the financial market participants regarding the main negative the consequences of their investment decisions on sustainability factors is largely estimated and thus not reliable. Against this background, WFO has also not ranked or based its selection of financial products on financial market participants' reporting.
However, WFO does not rule out that such ranking or selection may be done in the future when the data quality becomes more reliable and relevant.
