Bankinter Asset Management: Funds with sustainable features
Products that promote environmental and/or social characteristics.
Fund that promotes social criteria but does not pursue a specific sustainable investment objective.
The social or environmental characteristics which this fund promotes are evaluated through what is technically known as “ESG risk analysis”. The fund manager does not carry out this analysis internally but uses the services of specialised companies (“third-party analysis”). The ESG risk analysis conducted for the fund manager is based on information published by the issuers of the assets as well as other data which these specialised companies compile themselves. The end result of the analysis is usually expressed in the form of a global rating or “ESG rating” for each individual issuer. The fund manager takes these ratings into account to ensure that the portfolio does not exceed, on an aggregate basis, a pre-assigned maximum level of ESG risk and that it therefore achieves an appropriate level of compliance with the characteristics it promotes. You can find out more information about the fund at the following link Bankinter Sostenibilidad, FI .
Refer to the Pre-contractual Information of the Bankinter Sostenibilidad, FI fund. Prospectus last updated: 30/01/2026.
Refer to the Periodic Information of the Bankinter Sostenibilidad, FI fund. Last update: 2025.
Last update: 30/05/2023.
This investment fund (hereinafter, the “Fund”), promotes environmental characteristics, and is classified as an Article 8 of Regulation (EU) 2019/2088 financial product. However, it does not have a sustainable investment objective.
Nevertheless, even though the Fund does not have a sustainable investment objective, it intends to make sustainable investments. The Fund's sustainable investments set out to further all of the Sustainable Development Goals (SDGs) outlined within the United Nations 2030 Agenda. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
Within these investments, any potential damage caused must not be significant and must always be mitigated by the greater positive impact generated, in order to not significantly undermine any environmental or social sustainable investment goal, given that the Fund requires all sustainable investments to make a net positive contribution to the sustainable goals being pursued.
Additionally, consideration of the Main Adverse Incidents indicators is taken into account throughout the entire investment process, in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, analyses will be performed on whether the invested companies comply with these guidelines.
By assessing the business practices of the companies in which it invests, the Fund promotes environmental and social characteristics such as carbon efficiency, properly managing how natural resources and water are consumed, limiting the impact on biodiversity and land use, properly managing waste and toxic emissions, limiting the impact of pollution caused by non-recyclable packaging and materials, properly managing human resources in order to keep workplace risks under control and complying with labour rights, appropriately managing relationships with wider society and the company's impact on it in order to, for example, prevent violations of fundamental rights, reducing potential damages caused by a lack of suitable health and safety measures in the products and services offered, suitable protection for keeping customer data private and secure and/or monitoring of these protection systems within its supply chains.
In order to ensure compliance with the environmental or social characteristics promoted by the Fund, the initial step in the investment strategy involves applying the Fund Manager's exclusion policy, which excludes companies with high exposure to economic activities which have a significantly negative environmental or social impact, or which violate fundamental human or labour rights. The Fund then follows a “best-in-class” investment process.
The management team takes the good governance practices at the companies in which it invests into account, via the indicator used (ASG Rating) for selecting investments.
When considering the planned investment ratio for the portfolio, at least 80% of the portfolio's assets is established for investments that promote environmental or social characteristics, and a minimum of 50% of its assets is specified for sustainable investments.
The ESG Rating indicator, which must meet the minimum required value both for each individual asset and at an overall level for the entire portfolio, is used for monitoring the environmental or social characteristics promoted by the Fund.
The fund uses methods which have been developed specifically in order to measure both compliance with environmental or social characteristics, where the “ESG rating” indicator is used as a metric, and the assessment of the net positive contribution of the sustainable investments towards the 17 SDGs.
In order to deploy these methods, the Fund Manager uses data from reputable suppliers. However, there may be constraints on the availability and quality of the non-financial information used for assessing the ESG Rating indicator and sustainable investments. The Fund Manager continuously analyses and monitors the results from these assessments in order mitigate these constraints.
The Fund Manager has a due diligence measure targeting the Fund's underlying assets, which involves continuously monitoring them and their compliance with the environmental and social characteristics promoted by the Fund.
The Fund Manager also has an Engagement Policy which contains processes focussing on active dialogue with issuers (“engagement”) and on voting on potential companies in which to invest.
No specific benchmark index has been identified for establishing the Fund's environmental and social characteristics.
Last update: 23/05/2025
This financial product promotes environmental or social characteristics but it does not have a sustainable investment objective.
However, the fund plans to make sustainable investments. The fund's sustainable investments aim to contribute to all of the Sustainable Development Goals (SDGs) defined in the United Nations 2030 Agenda. There are 17 SDGs: 1) end poverty in all its forms everywhere; 2) end hunger, achieve food security and improved nutrition and promote sustainable agriculture; 3) ensure healthy lives and promote well-being; 4) ensure inclusive and equitable quality education and promote lifelong learning opportunities for all; 5) achieve gender quality and empower all women and girls; 6) ensure availability and sustainable management of water and sanitation for all; 7) ensure access to affordable, reliable, sustainable and modern energy for all; 8) promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all; 9) build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation; 10) reduce inequalities within and among countries; 11) make cities and human settlements inclusive, safe, resilient and sustainable; 12) ensure sustainable consumption and production patterns; 13) take urgent action to combat climate change and its impacts; 14) conserve and sustainably use the oceans, seas and marine resources for sustainable development; 15) protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss; 16) promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels; and 17) strengthen the means of implementation and revitalise the Global Partnership for Sustainable Development.
By making this type of sustainable investment, the fund aims to make a positive contribution to the SDGs. To identify these investments, the fund uses an indicator from an external provider, specialised in ESG analysis, with an established methodology for measuring the degree to which companies contribute to each of the 17 SDGs, based on their operations, products, services, policies and practices implemented to address these challenges. This analysis produces for each company a positive or negative metric for each of the 17 goals. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
The fact that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals means that potential damage generated will not be significant, and it will always be mitigated by the greater positive impact generated.
In addition to presenting a positive net contribution to the 17 SDGs, the fund's sustainable investments must comply with the principle of doing no significant harm to another sustainability goal. This will be achieved through the combination of the following management actions:
1. The very requirement of a positive net contribution to the 17 SDGs, which implies that the potential damage generated to one or several SDGs will not be significant and will always be mitigated by the greater positive impact generated to other SDGs.
2. Analysis of controversies, which ESG providers define as events or situations in which a company's operations or products may have a negative impact in environmental, social or corporate governance terms. For all investments in the fund, the number and severity of the controversies detected will be continuously assessed, ensuring that no investment classified as “sustainable investment” can cause significant harm, in ESG terms, because of those controversies.
3. The requirement of a minimum ESG rating that helps to ensure that the fund's investments meet minimum standards in the management of environmental, social and corporate governance aspects, thereby eliminating the companies with the poorest performance in the management of these factors and which might therefore do significant harm to them.
4. The individual analysis of the quality of corporate governance of the investments made and the requirement that adequate standards are met in terms of ownership structure, management and control bodies, human resources management, accounting and fiscal transparency, as well as business ethics. These characteristics are assessed and scored within the breakdown of the ESG rating, thereby creating an additional filter to ensure that the fund's intended sustainable investments comply with good governance practices.
5. Consideration of the principal adverse impacts (PAIs) on sustainability factors.
6. The implementation of the fund manager's exclusion policy, as explained below, excludes any corporates that have significant exposure to economic activities with a highly negative environmental or social impact.
7. The application of the exclusions referred to in Article 12.1 (points a) to g) inclusive) of Delegated Regulation (EU) 2020/1818, supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council, as regards minimum standards for EU climate transition benchmarks and EU benchmarks aligned with the Paris Agreement. Therefore, investments in corporate issuers that fall into any of the following categories are excluded (no percentage of exposure to such issuers is allowed):
a) corporates that carry out activities related to controversial weapons;
b) corporates engaged in the cultivation and production of tobacco;
c) corporates that are determined by administrators of EU benchmarks aligned with the Paris Agreement to be in breach of the principles of the United Nations Global Compact or the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises;
d) corporates that derive 1% or more of their revenues from the exploration, mining, extraction, distribution or refining of anthracite, coal and lignite;
e) corporates that derive 10% or more of their revenues from the exploration, extraction, distribution or refining of liquid fuels;
f) corporates that derive 50% or more of their revenues from the exploration, extraction, production or distribution of gaseous fuels;
g) corporates that derive 50% or more of their revenues from the generation of electricity with a GHG intensity greater than 100 g CO2 e/kWh.
The principal adverse impact indicators are taken into account throughout the entire investment process in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment. If a significant increase in any of these indicators is identified, the reasons are examined and mitigation and corrective actions are taken where necessary. These actions may include not increasing the investment, partially or completely reducing exposure to certain issuers, or placing them under surveillance.
The management team will take into account the indicators listed in Table 1 and any of those listed in Tables 2 and 3 of Appendix I to Delegated Regulation (EU) 2022/1288. The Do No Significant Harm principle is introduced into the investment classification process as “sustainable investments” or as “investments with other environmental or social characteristics”. Assessment of the Do No Significant Harm principle forms part of the three pillars underpinning compliance with the regulatory definition of “sustainable investment”.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
Last update: 30/05/2023.
By assessing the business practices of the companies in which it invests, the Fund promotes environmental and social characteristics such as carbon efficiency, properly managing how natural resources and water are consumed, limiting the impact on biodiversity and land use, properly managing waste and toxic emissions, limiting the impact of pollution caused by non-recyclable packaging and materials, properly managing human resources in order to keep workplace risks under control and complying with labour rights, appropriately managing relationships with wider society and the company's impact on it in order to, for example, prevent violations of fundamental rights, reducing potential damages caused by a lack of suitable health and safety measures in the products and services offered, suitable protection for keeping customer data private and secure and/or monitoring of these protection systems within its supply chains.
Last update: 23/05/2025
The manager implements a general exclusion policy to rule out corporates with significant exposure to economic activities with a highly negative environmental or social impact. These activities include the production of weapons of mass destruction, the production of weapons considered controversial due to their impact on the civilian population, the generation of electricity from highly polluting sources or the exploration and production of oil and gas in areas or using techniques with a high ecological impact. Also excluded are any corporates about which there is evidence that they do not respect the fundamental human rights defined by the United Nations or that do not comply with labour rights, as defined in the Conventions of the International Labour Organization. These exclusions take into account all the requirements for EU benchmarks harmonised with the Paris Agreement.
The fund then follows a “best-in-class” investment process, which consists of selecting companies with the best assessment in terms of sustainability according to the aforementioned indicator. At least 80% of the portfolio's assets will have a rating equal to or higher than the minimum specified in section “Monitoring the environmental or social characteristics” and, within this majority portion of the portfolio, sustainable investments must present a positive net contribution to the 17 SDGs mentioned above, which will represent at least 50% of the fund's assets.
In addition to the ex-ante assessment, prior to the investment decision, the management team performs a continuous assessment of the portfolio to analyse its alignment with the promoted sustainable characteristics.
The management team considers the good governance practices at the invested companies, via the indicator used (ESG Rating) for selecting investments. Specifically, when assessing the good governance of corporates, ESG ratings include a specific section where aspects related to business ethics and the quality of corporate governance are taken into account. Here, various issues are assessed, such as the characteristics of the company's ownership structure, the operating characteristics and the composition of the control bodies, remuneration policies, accounting and fiscal transparency, the existence of control policies and mechanisms that effectively prevent actions in breach of business ethics as well as the existence of disputes related, for example, to cases of bribery, corruption, fraud, money laundering or anti-competitive practices.
Last update: 30/05/2023.
Investments that promote sustainable characteristics will make up at least 80% of the assets in the portfolio. These investments will materialise in at least 50% of the fund's assets in sustainable investments with a social and/or environmental aim, in accordance with the definition of the applicable Regulation (EU) 2019/88.
The fund does not use derivatives to achieve the environmental or social characteristics pursued.
Last update: 30/05/2023.
With a view to implementing the investment strategy and achieving the intended environmental and social characteristics, the management team has set the following requirements:
Any individual investment that does not reach the minimum required rating cannot be considered as adequately promoting the environmental and social characteristics and will no longer be included in the section on “Investments adjusted for environmental or social characteristics”. In order to assess the permanence of these investments, the team will consider the compliance with the portfolio's joint minimum rating target and the minimum proportion of 80% of the equity assigned to assets of “Investments adjusted for environmental or social characteristics”.
One of the fund's indicators is the appropriate compliance with the environmental and social characteristics pursued by the “ESG rating” for the companies it invests in.
Last update: 30.05.2023.
The “ESG rating” used as an indicator is a metric prepared by independent companies, specialised in the analysis of non-financial risks. It offers a global assessment of the previously described environmental and social characteristics. Although the methods used to calculate an “ESG rating” differ from one provider to another, in general they all identify the most important environmental, social and governance variables, assessing and weighting them according to their relevance in the sector or sub-industry to which the analysed company belongs. The final assessment is expressed in the form of a global rating, although this can be broken down into individual scores for environmental, social and governance practices. The “ESG rating” is usually expressed in the form of letters or numbers depending on the provider, but in both cases, the values are expressed using a level scale to identify the degree of exposure to non-financial risks faced by the analysed company, and its ability to manage them. Based on this scale, it is possible to determine if an investment has environmental, social and governance characteristics associated with a very low, low, medium, high or very high sustainability risk, and promote the selection of those that best fit the fund's goals.
With regard to Public Fixed Income, the “ESG rating” of the issuing companies is supplemented by labels (green, social, sustainable) associated with specific emissions that contribute to and reinforce the identification of the investment's environmental and social characteristics.
Bankinter Gestión de Activos only uses external providers (MSCI Inc, Clarity AI and Bloomberg LLC) for the determination of ESG ratings and therefore does not develop its own methodology to obtain these ratings.
As regards the methodology to assess the characteristics required of “sustainable investments”, their regulatory definition states that:
(1) the investment must be made in an economic activity that contributes to an environmental or social goal;
(2) the investment must not significantly harm any environmental or social goal (assessed according to the DNSH principle through the aforementioned indicators); and
(3) the investee company must follow good governance practices.
Bankinter Gestión de Activos implements its classification methodology by controlling and monitoring:
(1) the net contribution to the Sustainable Development Goals as explained in the relevant section;
(2) the favourable or unfavourable comparison in relative terms of the most significant metrics included in Table 1 of Appendix I to Delegated Regulation (EU) 2022/1288, such as intensity of greenhouse gas emissions, violations of the principles of the United Nations Global Compact, absence of compliance processes and mechanisms to track compliance with these principles, gender diversity of the board of directors or exposure to controversial weapons; and
(3) verification through the ESG rating and analysis of controversies that good governance practices are properly followed.
The investment process takes into account both of these methodologies and the manager monitors their compliance on a monthly basis. Additionally, an annual report is released on the degree of achievement of the investment strategy and the social or environmental characteristics promoted by the fund.
Last update: 30.05.2023.
Compliance with the characteristics promoted by the fund is assessed by reputable external providers such as MSCI Inc, Clarity AI and Bloomberg LLC (although these may change at any time depending on what the manager considers most appropriate), which provide both the non-financial data of the underlying assets in which the fund invests and the aforementioned “ESG ratings” of those assets. Non-financial data refer to all data concerning environmental, social and corporate governance matters, which thererefore include data concerning the “principal adverse impacts”.
As a result, the quality of these data hinges upon the provider chosen and whether these data are published by the companies or issuers. When specific data are not published by companies or issuers, estimates may be required that may be significantly different from the figures ultimately published. Bankinter Gestión de Activos does not produce its own estimates but uses those of its external providers. To ensure the quality of the data, Bankinter Gestión de Activos uses reputable external providers, monitoring and comparing how available and up-to-date the data supplied by each of them are.
The data are automatically integrated into the management and control tool, without any alteration to the information supplied by the providers.
For indirect investments through CIIs classified as Article 8 or 9 of Regulation (EU) 2019/88 products, data provided by their respective management companies are used.
The proportion of estimated data on investments through CIIs supplied by the providers and the management companies is a difficult parameter to establish with the information currently available.
Last update: 30/05/2023.
The methods used, and which have been described above, may present limitations and consequently may require modifications over time. The right measurement of how the social or environmental characteristics promoted by the fund are met may be limited by the availability and quality of the extra-financial information used to assess the ESG characteristics of the underlying assets in which it invests and/or of the asset issuers. The classification of assets as “sustainable investments” also requires a significant volume of data and assessment criteria that are not agreed upon at the European level, which can make the comparison between funds from different financial institutions complex.
In order for these limitations not to affect how the environmental or social characteristics promoted by the fund are met, the Manager constantly analyses and monitors the results achieved and establishes periodic checks on the percentage of assets that meet said characteristics, as well as the percentage of sustainable investments, confirming that both percentages meet the established thresholds.
Last update: 30/05/2023.
Regarding the due diligence measures for the fund's underlying assets, the Manager has established an ex-ante control that does not allow the trading of an asset if this means that the fund does not meet the thresholds established in section “Monitoring environmental or social characteristics".
Also, a periodic ex-post control is carried out, considering sudden drops in the ESG rating of the financial assets that make up the fund's portfolio.
And the information provided by external providers is periodically updated to improve the coverage of the underlying assets that the fund invests in.
Last update: 30/05/2023.
The Management Company will monitor certain aspects of the business strategies, performance and financial and non-financial risk, capital structure, social and environmental impact and corporate governance of specific companies, to the extent it deems appropriate considering its investment strategy and the nature and size of its investment in them.
To perform this monitoring work, the Management Company may use various sources and mechanisms, e.g. the review of non-financial information, particularly as regards ESG Risks and Factors.
The Management Company interprets its fiduciary duty with respect to the unit holders of the Managed Vehicles as an effort to maximise the value of their investments in both the long and short term, in compliance with its management and administration responsibilities, not only as a shareholder but also by actively participating with the company's management.
The Management Company is aware that, through participation in the Annual General Meetings or in engagement with the companies,“” faster growth and higher profitability are possible in the long run. The Management Company believes it is possible to improve long-term profitability and generate a positive impact on sustainability by integrating sustainability risks and factors into its Managed Vehicles and the investee companies.
Last update: 30/05/2023.
No specific benchmark index has been identified for establishing the fund's environmental and social characteristics.
Fund that promotes environmental criteria but does not pursue a specific sustainable investment objective.
The environmental characteristics which this fund promotes are evaluated through what is technically known as “ESG risk analysis”. The fund manager does not carry out this analysis internally but uses the services of specialised companies (“third-party analysis”). The ESG risk analysis conducted for the fund manager is based on information published by the issuers of the assets as well as other data which these specialised companies compile themselves. The end result of the analysis is usually expressed in the form of a global rating or “ESG rating” for each individual issuer. The fund manager takes these ratings into account to ensure that the portfolio does not exceed, on an aggregate basis, a pre-assigned maximum level of ESG risk and that it therefore achieves an appropriate level of compliance with the characteristics it promotes. For more information about this fund, please click on the following link.
Please take a look at the Pre-Contractual Information for the Bankinter Eficiencia Energética y Medioambiente FI fund. Prospectus last updated: 30/01/2026.
Please refer to the Periodic Information on the Bankinter Eficiencia Energética y Medioambiente FI fund. Last update: 2025.
Last update: 22/12/2023.
This investment fund (hereinafter, the “Fund”), promotes environmental characteristics, and is classified as an Article 8 of Regulation (EU) 2019/2088 financial product. However, it does not have a sustainable investment objective.
Nevertheless, even though the Fund does not have a sustainable investment objective, it intends to make sustainable investments. The Fund's sustainable investments aim to further the Sustainable Development Goals (SDGs) outlined within the United Nations 2030 Agenda. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
Within these investments, any potential damage caused must not be significant and must always be mitigated by the greater positive impact generated, in order to not significantly undermine any environmental or social sustainable investment goal, given that the Fund requires all sustainable investments to make a net positive contribution to the sustainable goals being pursued.
Additionally, consideration of the Main Adverse Incidents indicators is taken into account throughout the entire investment process, in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, analyses will be performed on whether the invested companies comply with these guidelines.
The Fund promotes the following environmental characteristics: Improvement of efficiency in the use of energy and transport (less energy-intensive motors), electricity storage (batteries, components and electricity transport and distribution networks), industrial automation, improvement of business process productivity, reducing the environmental impact of the use of fossil fuels (electric car), renewable energy and waste management and recycling or water treatment.
To ensure compliance with the environmental characteristics promoted by the Fund, the initial step in the investment strategy involves applying the Fund Manager's exclusion policy, which excludes corporates with high exposure to economic activities that have a significantly negative environmental or social impact, or that violate fundamental human or labour rights.
The management team takes the good governance practices of the corporates in which it invests into account, via the indicator used (ASG Rating) for selecting investments.
When considering the planned investment ratio for the portfolio, at least 80% of the assets are established for investments that promote environmental characteristics, and a minimum of 20% of its assets are specified for sustainable investments.
To monitor the environmental characteristics promoted by the Fund, all corporates in which it invests must generates income derived from economic activities linked to the characteristics that are promoted. In addition, the aforementioned ESG rating indicator is used, which must meet the minimum aggregate value required for the entire portfolio.
The Fund uses methods which have been specifically developed both for measuring compliance with environmental social characteristics, where the “ESG rating” indicator is used as a metric, and for assessing the sustainable investments based on their net positive contribution towards the 17 SDGs.
In order to deploy these methods, the Fund Manager uses data from reputable suppliers. However, there may be constraints on the availability and quality of the non-financial information used for assessing the ESG Rating indicator and sustainable investments. The Fund Manager continuously analyses and monitors the results from these assessments in order mitigate these constraints.
The Fund Manager has a due diligence measure targeting the Fund's underlying assets, which involves continuously monitoring them and their compliance with the environmental characteristics promoted by the Fund.
The Fund Manager also has an Engagement Policy which contains processes focussing on active dialogue with issuers (“engagement”) and on voting on potential corporates in which to invest.
No specific benchmark index has been identified for establishing the Fund's environmental characteristics.
Last update: 18/07/2025
This financial product promotes environmental or social characteristics but it does not have a sustainable investment objective.
However, the fund plans to make sustainable investments. The fund's sustainable investments aim to contribute to all of the Sustainable Development Goals (SDGs) defined in the United Nations 2030 Agenda. There are 17 SDGs: 1) end poverty in all its forms everywhere; 2) end hunger, achieve food security and improved nutrition and promote sustainable agriculture; 3) ensure healthy lives and promote well-being; 4) ensure inclusive and equitable quality education and promote lifelong learning opportunities for all; 5) achieve gender quality and empower all women and girls; 6) ensure availability and sustainable management of water and sanitation for all; 7) ensure access to affordable, reliable, sustainable and modern energy for all; 8) promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all; 9) build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation; 10) reduce inequalities within and among countries; 11) make cities and human settlements inclusive, safe, resilient and sustainable; 12) ensure sustainable consumption and production patterns; 13) take urgent action to combat climate change and its impacts; 14) conserve and sustainably use the oceans, seas and marine resources for sustainable development; 15) protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss; 16) promote justice and peace through institutions; and 17) contribute to the Global Partnership for Sustainable Development.
By making this type of sustainable investment, the fund aims to make a positive contribution to the SDGs. To identify these investments, the fund uses an indicator from an external provider, specialised in ESG analysis, with an established methodology for measuring the degree to which companies contribute to each of the 17 SDGs, based on their operations, products, services, policies and practices implemented to address these challenges. This analysis produces for each company a positive or negative metric for each of the 17 goals. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
The fact that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals means that potential damage generated will not be significant, and it will always be mitigated by the greater positive impact generated.
In addition to presenting a positive net contribution to the 17 SDGs, the fund's sustainable investments must comply with the principle of doing no significant harm to another sustainability goal. This will be achieved through the combination of the following management actions:
1. The very requirement of a positive net contribution to the 17 SDGs, which implies that the potential damage generated to one or several SDGs will not be significant and will always be mitigated by the greater positive impact generated to other SDGs.
2. Analysis of controversies, which ESG providers define as events or situations in which a company's operations or products may have a negative impact in environmental, social or corporate governance terms. For all Fund investments, the number and severity of controversies detected will be continuously assessed, ensuring that no investment classified as a “sustainable investment” can cause significant harm, in ESG terms, because of those controversies.
3. The requirement of a minimum ESG rating that helps to ensure that the fund's investments meet minimum standards in the management of environmental, social and corporate governance aspects, thereby eliminating the companies with the poorest performance in the management of these factors and which might therefore do significant harm to them.
4. The individual analysis of the quality of corporate governance of the investments made and the requirement that adequate standards are met in terms of ownership structure, management and control bodies, human resources management, accounting and fiscal transparency, as well as business ethics. These characteristics are assessed and scored within the breakdown of the ESG rating, thereby creating an additional filter to ensure that the fund's intended sustainable investments comply with good governance practices.
5. Consideration of the principal adverse impacts (PAIs) on sustainability factors.
6. The implementation of the fund manager's exclusion policy, as explained below, excludes any corporates that have significant exposure to economic activities with a highly negative environmental or social impact.
7. The application of the exclusions referred to in Article 12.1 (points a) to g) inclusive) of Delegated Regulation (EU) 2020/1818, supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council, as regards minimum standards for EU climate transition benchmarks and EU benchmarks aligned with the Paris Agreement. Therefore, investments in corporate issuers that fall into any of the following categories are excluded (no percentage of exposure to such issuers is allowed):
a) corporates that carry out activities related to controversial weapons;
b) corporates engaged in the cultivation and production of tobacco;
c) corporates that are determined by administrators of EU benchmarks aligned with the Paris Agreement to be in breach of the principles of the United Nations Global Compact or the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises;
d) corporates that derive 1% or more of their revenues from the exploration, mining, extraction, distribution or refining of anthracite, coal and lignite;
e) corporates that derive 10% or more of their revenues from the exploration, extraction, distribution or refining of liquid fuels;
f) corporates that derive 50% or more of their revenues from the exploration, extraction, production or distribution of gaseous fuels;
g) corporates that derive 50% or more of their revenues from the generation of electricity with a GHG intensity greater than 100 g CO2 e/kWh.
The principal adverse impact indicators are taken into account throughout the entire investment process in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment. If a significant increase in any of these indicators is identified, the reasons are examined and mitigation and corrective actions are taken where necessary. These actions may include not increasing the investment, partially or completely reducing exposure to certain issuers, or placing them under surveillance.
The management team will take into account the indicators listed in Table 1 and any of those listed in Tables 2 and 3 of Appendix I to Delegated Regulation (EU) 2022/1288. The Do No Significant Harm principle is introduced into the investment classification process as “sustainable investments” or as “investments with other environmental or social characteristics”. Assessment of the Do No Significant Harm principle forms part of the three pillars underpinning compliance with the regulatory definition of “sustainable investment”.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
Last update: 22/12/2023.
The Fund promotes the following environmental characteristics: Improvement of efficiency in the use of energy and transport (less energy-intensive motors), electricity storage (batteries, components and electricity transport and distribution networks), industrial automation, improvement of business process productivity, reducing the environmental impact of the use of fossil fuels (electric car), renewable energy and waste management and recycling or water treatment.
Last update: 18/07/2025.
The manager implements a general exclusion policy to rule out corporates with significant exposure to economic activities with a highly negative environmental or social impact. These activities include the production of weapons of mass destruction, the production of weapons considered controversial due to their impact on the civilian population, the generation of electricity from highly polluting sources or the exploration and production of oil and gas in areas or using techniques with a high ecological impact. Also excluded are any corporates about which there is evidence that they do not respect the fundamental human rights defined by the United Nations or that do not comply with labour rights, as defined in the Conventions of the International Labour Organization. These exclusions take into account all the requirements for EU benchmarks harmonised with the Paris Agreement.
At least 80% of the assets will be invested in corporates that earn income effectively from activities related to: improvement of efficiency in the use of energy and transport (less energy-intensive motors), electricity storage (batteries, components and electricity transport and distribution networks), industrial automation, improvement of business process productivity, reducing the environmental impact of the use of fossil fuels (electric car), renewable energy and waste management and recycling or water treatment.
Within this majority part of the portfolio, sustainable investments compliant with article 2.17 of Regulation (EU) 2019/2088 will be considered those that present a positive net contribution to the 17 SDGs mentioned above, which will represent at least 20% of the Fund's assets.
In addition to the ex-ante assessment, prior to the investment decision, the management team performs an on-going assessment of the portfolio to analyse its alignment with the promoted environmental characteristics.
The management team considers the good governance practices at the invested corporates, via the indicator used (ESG Rating) for selecting investments. Specifically, when assessing the good governance of corporates, ESG ratings include a specific section where aspects related to business ethics and the quality of corporate governance are taken into account. Here, various issues are assessed, such as the characteristics of the company's ownership structure, the operating characteristics and the composition of the control bodies, remuneration policies, accounting and fiscal transparency, the existence of control policies and mechanisms that effectively prevent actions in breach of business ethics as well as the existence of disputes related, for example, to cases of bribery, corruption, fraud, money laundering or anti-competitive practices.
Last update: 22/12/2023.
Investments that promote sustainable environmental characteristics will make up at least 80% of the assets in the portfolio. These investments will materialise in at least 20% of the Fund's assets in sustainable investments with an environmental aim, in accordance with the definition of the applicable Regulation (EU) 2019/2088, Article 2.17.
The Fund does not use derivatives to achieve the environmental or social characteristics pursued.
Last update: 22/12/2023.
To implement the investment strategy and achieve the desired environmental and social characteristics, the management team demands the following for the fixed income of private issuers and equities:
Fixed income will be invested in bonds labelled as green, sustainable or linked to sustainability; failing that, it will be invested in issuers with a high ESG rating. For public fixed income, the ESG Rating of each issuer will be taken into account and is therefore affected by the previous point above.
Any individual investment that does not generate income derived from the economic activities mentioned above cannot be considered as adequately promoting the environmental characteristics and will no longer be included in the section on “Investments adjusted for environmental or social characteristics”. In order to assess the permanence of these investments, the team will consider the compliance with the portfolio's joint minimum rating target and the minimum proportion of 80% of the equity assigned to assets of “Investments adjusted for environmental or social characteristics”.
Based on their experience and knowledge, the management team perform a qualitative analysis of the alignment of the investments with the different characteristics promoted. They look at key sectors and industries that offer products and/or services related to alternative energies, efficiency in the use of energy, efficiency in the consumption of natural resources, pollution prevention and the sustainability of key sectors. such as agriculture and construction. To support the analysis in objective and quantitative terms, the management team checks each corporate's revenue that is effectively derived from any of the activities listed above.
One of the Fund's indicators is appropriate compliance with the environmental characteristics pursued by the “ESG rating” for the issuers (public or private) in which it invests.
Last update: 22.12.2023.
The “ESG rating” used as an indicator is a metric prepared by independent corporates, specialised in the analysis of non-financial risks. It offers a global assessment of the previously described environmental characteristics. Specifically, an “ESG Rating” identifies the most relevant environmental, social and governance variables, assessing and weighting them according to their relevance in the sector or sub-industry to which the analysed issuer belongs. The final assessment is expressed in the form of a global rating, although this can be broken down into individual scores for environmental, social and governance practices. The “ESG rating” is usually expressed in the form of letters or numbers depending on the provider, but in both cases the values are expressed using a level scale to identify the degree of exposure to non-financial risks faced by the analysed issuer, and its ability to manage them. Based on this scale, it is possible to determine whether an investment has environmental, social and governance characteristics associated with a very low, low, medium, high or very high sustainability risk, and promote the selection of those that best fit the fund's goals.
Fixed Income will be invested in bonds labelled as green, sustainable or linked to sustainability; failing that, it will be invested in issuers with a high ESG rating.
For investments made through other Collective Investment Institutions, the essential requirement is that these CIIs are classified in the same way as those of Article 8 (they will be included in the investments in the percentage that meets the promoted characteristics) or Article 9 of Regulation (EU) 2019/2088.
Bankinter Gestión de Activos only uses external providers (MSCI Inc, Clarity AI and Bloomberg LLC) for the determination of ESG ratings and therefore does not develop its own methodology to obtain these ratings.
As regards the methodology to assess the characteristics required of “sustainable investments”, their regulatory definition states that:
(1) the investment must be made in an economic activity that contributes to an environmental or social goal;
(2) the investment must have no significant negative impact on the achievement of the environmental or social goals (assessed according to the DNSH principle through the indicators mentioned above); and
(3) the investee must follow the applicable good governance practices.
Bankinter Gestión de Activos implements its classification methodology by controlling and monitoring:
(1) net contribution to the Sustainable Development Goals, as explained in the relevant section.
(2) the favourable or unfavourable comparison in relative terms of the most significant metrics listed in Table 1 of Appendix I to Delegated Regulation (EU) 2022/1288, such as intensity of greenhouse gas emissions, violations of the principles of the United Nations Global Compact, lack of compliance processes and mechanisms to track compliance with these principles, gender diversity of the board of directors or exposure to controversial weapons; and
(3) verification through the ESG rating and analysis of controversies that good governance practices are properly followed.
The investment process takes into account both of these methodologies and the manager monitors their compliance on a monthly basis. Additionally, an annual report is released on the degree of achievement of the investment strategy and the environmental characteristics promoted by the fund.
Last update: 22.12.2023.
Compliance with the characteristics promoted by the fund is assessed by reputable external providers such as MSCI Inc, Clarity AI and Bloomberg LLC (although these may change at any time depending on what the manager considers most appropriate), which provide both the non-financial data of the underlying assets in which the fund invests and the aforementioned “ESG ratings” of those assets. Non-financial data refer to all data concerning environmental, social and corporate governance matters, which therefore also include data concerning the “principal adverse impacts”.
As a result, the quality of these data hinges upon the provider chosen and whether these data are published by the companies or issuers. When specific data are not published by companies or issuers, estimates may be required that may be significantly different from the figures ultimately published. Bankinter Gestión de Activos does not produce its own estimates but uses those of its external providers. To ensure the quality of the data, Bankinter Gestión de Activos uses reputable external providers, monitoring and comparing how available and up-to-date the data supplied by each of them are.
The data are automatically integrated into the management and control tool, without any alteration to the information supplied by the providers.
For indirect investments through CIIs classified as Article 8 or 9 of Regulation (EU) 2019/88 products, data provided by their respective management companies are used.
The proportion of estimated data on investments through CIIs supplied by the providers and the management companies is a difficult parameter to establish with the information currently available.
Last update: 22/12/2023.
The methods used, and which have been described above, may present limitations and consequently may require modifications over time. The appropriate measurement of how the environmental characteristics promoted by the Fund are met may be limited by the availability and quality of the extra-financial information used to assess the ESG characteristics of the underlying assets in which it invests and/or of the asset issuers. The classification of assets as “sustainable investments” also requires a significant volume of data and assessment criteria that are not agreed upon at the European level, which can make the comparison between funds from different financial institutions complex.
To ensure that these limitations do not how the environmental characteristics promoted by the Fund are met, the Manager constantly analyses and monitors the results achieved and establishes periodic checks on the percentage of assets that meet said characteristics, as well as the percentage of sustainable investments, confirming that both percentages meet the established thresholds.
Last update: 22/12/2023.
Regarding the due diligence measures for the Fund's underlying assets, the Manager has established an ex-ante control that does not allow the trading of an asset if this means that the Fund does not meet the thresholds established in section “Monitoring environmental or social characteristics".
Also, a periodic ex-post control is carried out, considering sudden drops in the ESG rating of the financial assets that make up the Fund's portfolio.
And the information provided by external providers is periodically updated to improve the coverage of the underlying assets that the Fund invests in.
Last update: 22/12/2023.
The Management Company will monitor certain aspects of the business strategies, performance and financial and non-financial risk, capital structure, social and environmental impact and corporate governance of specific corporates, to the extent it deems appropriate considering its investment strategy and the nature and size of its investment in them.
To perform this monitoring work, the Management Company may use various sources and mechanisms, e.g. the review of non-financial information, particularly as regards ESG Risks and Factors.
The Management Company interprets its fiduciary duty with respect to the unit holders of the Managed Vehicles as an effort to maximise the value of their investments in both the long and short term, in compliance with its management and administration responsibilities, not only as a shareholder but also by actively participating with the company's management.
The Management Company is aware that, through participation in the Annual General Meetings or in engagement with the companies,“” faster growth and higher profitability are possible in the long run. The Management Company believes it is possible to improve long-term profitability and generate a positive impact on sustainability by integrating sustainability risks and factors into its Managed Vehicles and the investee companies.
Last update: 22/12/2023.
No specific benchmark index has been identified for establishing the Fund's environmental characteristics.
Fund that promotes social criteria but does not pursue a specific sustainable investment objective.
The social or environmental characteristics which this fund promotes are evaluated through what is technically known as “ESG risk analysis”. The fund manager does not carry out this analysis internally but uses the services of specialised companies (“third-party analysis”). The ESG risk analysis conducted for the fund manager is based on information published by the issuers of the assets as well as other data which these specialised companies compile themselves. The end result of the analysis is usually expressed in the form of a global rating or “ESG rating” for each individual issuer. The fund manager takes these ratings into account to ensure that the portfolio does not exceed, on an aggregate basis, a pre-assigned maximum level of ESG risk and that it therefore achieves an appropriate level of compliance with the characteristics it promotes. In addition to the above, an exclusion strategy consistent with the principles inspired by the Social Doctrine of the Catholic Church is implemented in this fund. For more information about this fund, please go to the following Ethos link.
Please take a look at the Pre-Contractual Information for the Bankinter Ethos, FI Fund. Prospectus last updated: 30/01/2026.
Please refer to the Periodic Information on the Bankinter Ethos, FI Fund. Last update: 2025.
Last update: 22/12/2023.
This investment fund (hereinafter, the “Fund”), promotes environmental or social characteristics, and is classified as an Article 8 of Regulation (EU) 2019/2088 financial product. However, it does not have a sustainable investment objective.
Nevertheless, even though the Fund does not have a sustainable investment objective, it intends to make sustainable investments. The Fund's sustainable investments set out to further all of the Sustainable Development Goals (SDGs) outlined within the United Nations 2030 Agenda. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
Within these investments, any potential damage caused must not be significant and must always be mitigated by the greater positive impact generated, in order to not significantly undermine any environmental or social sustainable investment goal, given that the Fund requires all sustainable investments to make a net positive contribution to the sustainable goals being pursued.
Additionally, consideration of the Main Adverse Incidents indicators is taken into account throughout the entire investment process, in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, analyses will be performed on whether the invested companies comply with these guidelines.
The Fund promotes social and environmental characteristics based on an exclusion strategy consistent with the principles inspired by the Social Doctrine of the Catholic Church. The portfolio will mostly comply with the principles of the Ideology, although the aim is for it comply 100%.
The sustainable characteristics promoted by the Fund are:
In accordance with these characteristics, the Fund will not be able to invest in the following (and these criteria will be considered exclusive):
In order to ensure compliance with the environmental or social characteristics promoted by the Fund, the initial step in the investment strategy involves applying the Fund Manager's exclusion policy, which excludes companies with high exposure to economic activities which have a significantly negative environmental or social impact, or which violate fundamental human or labour rights. The Fund has an Ethics Committee, which will meet at least every six months. Once investments have been made, this committee will ensure that they comply with the ethical ideology and sustainable characteristics and may, ultimately, ask for any positions it considers outside requirements to be removed.
The management team takes the good governance practices at the companies in which it invests into account, via the indicator used (ASG Rating) for selecting investments.
When considering the planned investment ratio for the portfolio, at least 80% of the assets are established for investments that promote environmental or social characteristics, and a minimum of 20% of its assets are specified for sustainable investments.
The ESG Rating indicator, which must meet the minimum required value both for each individual asset and at an overall level for the entire portfolio, is used for monitoring the environmental or social characteristics promoted by the Fund. A specific indicator is used to show whether the investment meets (“False”) or does not meet (“True”) the above criteria for exclusion.
The Fund uses methods developed specifically to both measure compliance with environmental or social characteristics, using the “ESG rating” indicator as a metric, and assess the sustainable investments in relation to their net positive contribution to the 17 SDGs.
In order to deploy these methods, the Fund Manager uses data from reputable suppliers. However, there may be constraints on the availability and quality of the non-financial information used for assessing the ESG Rating indicator and sustainable investments. The Fund Manager continuously analyses and monitors the results from these assessments in order mitigate these constraints.
The Fund Manager has a due diligence measure targeting the Fund's underlying assets, which involves continuously monitoring them and their compliance with the environmental and social characteristics promoted by the Fund.
The Fund has an Ethics Committee, which continuously monitors the alignment of investments with the sustainable characteristics.
The Fund Manager also has an Engagement Policy which contains processes focussing on active dialogue with issuers (“engagement”) and on voting on potential companies in which to invest.
No specific benchmark index has been identified for establishing the Fund's environmental and social characteristics.
Last update: 27/06/2025
This financial product promotes environmental or social characteristics but it does not have a sustainable investment objective.
However, the fund plans to make sustainable investments. The fund's sustainable investments aim to contribute to all of the Sustainable Development Goals (SDGs) defined in the United Nations 2030 Agenda. There are 17 SDGs: 1) end poverty in all its forms everywhere; 2) end hunger, achieve food security and improved nutrition and promote sustainable agriculture; 3) ensure healthy lives and promote well-being; 4) ensure inclusive and equitable quality education and promote lifelong learning opportunities for all; 5) achieve gender quality and empower all women and girls; 6) ensure availability and sustainable management of water and sanitation for all; 7) ensure access to affordable, reliable, sustainable and modern energy for all; 8) promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all; 9) build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation; 10) reduce inequalities within and among countries; 11) make cities and human settlements inclusive, safe, resilient and sustainable; 12) ensure sustainable consumption and production patterns; 13) take urgent action to combat climate change and its impacts; 14) conserve and sustainably use the oceans, seas and marine resources for sustainable development; 15) protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss; 16) promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels; and 17) strengthen the means of implementation and revitalise the Global Partnership for Sustainable Development.
By making this type of sustainable investment, the fund aims to make a positive contribution to the SDGs. To identify these investments, the fund uses an indicator from an external provider, specialised in ESG analysis, with an established methodology for measuring the degree to which companies contribute to each of the 17 SDGs, based on their operations, products, services, policies and practices implemented to address these challenges. This analysis produces for each company a positive or negative metric for each of the 17 goals. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
The fact that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals means that potential damage generated will not be significant, and it will always be mitigated by the greater positive impact generated.
In addition to presenting a positive net contribution to the 17 SDGs, the fund's sustainable investments must comply with the principle of doing no significant harm to another sustainability goal. This will be achieved through the combination of the following management actions:
1. The very requirement of a positive net contribution to the 17 SDGs, which implies that the potential damage generated to one or several SDGs will not be significant and will always be mitigated by the greater positive impact generated to other SDGs.
2. Analysis of controversies, which ESG providers define as events or situations in which a company's operations or products may have a negative impact in environmental, social or corporate governance terms. For all Fund investments, the number and severity of controversies detected will be continuously assessed, ensuring that no investment classified as a “sustainable investment” can cause significant harm, in ESG terms, because of those controversies.
3. The requirement of a minimum ESG rating that helps to ensure that the fund's investments meet minimum standards in the management of environmental, social and corporate governance aspects, thereby eliminating the companies with the poorest performance in the management of these factors and which might therefore do significant harm to them.
4. The individual analysis of the quality of corporate governance of the investments made and the requirement that adequate standards are met in terms of ownership structure, management and control bodies, human resources management, accounting and fiscal transparency, as well as business ethics. These characteristics are assessed and scored within the breakdown of the ESG rating, thereby creating an additional filter to ensure that the fund's intended sustainable investments comply with good governance practices.
5. Consideration of the principal adverse impacts (PAIs) on sustainability factors.
6. The implementation of the fund manager's exclusion policy, as explained below, excludes any corporates that have significant exposure to economic activities with a highly negative environmental or social impact.
7. The implementation of the exclusion policy specifically designed for this product, which enhances and completes the one mentioned in the previous point, as detailed in the investment strategy section of this document.
8. The application of the exclusions referred to in Article 12.1 (points a) to g) inclusive) of Delegated Regulation (EU) 2020/1818, supplementing Regulation (EU) 2016/1011 of the European Parliament and of the Council, as regards minimum standards for EU climate transition benchmarks and EU benchmarks aligned with the Paris Agreement. Therefore, investments in corporate issuers that fall into any of the following categories are excluded (no percentage of exposure to such issuers is allowed):
a) corporates that carry out activities related to controversial weapons;
b) corporates engaged in the cultivation and production of tobacco;
c) corporates that are determined by administrators of EU benchmarks aligned with the Paris Agreement to be in breach of the principles of the United Nations Global Compact or the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises;
d) corporates that derive 1% or more of their revenues from the exploration, mining, extraction, distribution or refining of anthracite, coal and lignite;
e) corporates that derive 10% or more of their revenues from the exploration, extraction, distribution or refining of liquid fuels;
f) corporates that derive 50% or more of their revenues from the exploration, extraction, production or distribution of gaseous fuels;
g) corporates that derive 50% or more of their revenues from the generation of electricity with a GHG intensity greater than 100 g CO2 e/kWh.
The principal adverse impact indicators are taken into account throughout the entire investment process in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment. If a significant increase in any of these indicators is identified, the reasons are examined and mitigation and corrective actions are taken where necessary. These actions may include not increasing the investment, partially or completely reducing exposure to certain issuers, or placing them under surveillance.
The management team will take into account the indicators listed in Table 1 and any of those listed in Tables 2 and 3 of Appendix I to Delegated Regulation (EU) 2022/1288. The Do No Significant Harm principle is introduced into the investment classification process as “sustainable investments” or as “investments with other environmental or social characteristics”. Assessment of the Do No Significant Harm principle forms part of the three pillars underpinning compliance with the regulatory definition of “sustainable investment”.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
Last update: 22/12/2023.
The Fund promotes social and environmental characteristics based on an exclusion strategy consistent with the principles inspired by the Social Doctrine of the Catholic Church.
The sustainable characteristics promoted by the Fund are:
By assessing the business practices of the companies in which it invests (and which therefore pass the test of the initial exclusion strategy), the Fund promotes environmental and social characteristics such as carbon efficiency, properly managing how natural resources and water are consumed, limiting the impact on biodiversity and land use, properly managing waste and toxic emissions, limiting the impact of pollution caused by non-recyclable packaging and materials, properly managing human resources in order to keep workplace risks under control and complying with labour rights, appropriately managing relationships with wider society and the company's impact on it in order to, for example, prevent violations of fundamental rights, reducing potential damages caused by a lack of suitable health and safety measures in the products and services offered, suitable protection for keeping customer data private and secure and/or monitoring these protection systems within its supply chains.
Last update: 27/06/2025.
The manager implements a general exclusion policy to rule out corporates with significant exposure to economic activities with a highly negative environmental or social impact. These activities include the production of weapons of mass destruction, the production of weapons considered controversial due to their impact on the civilian population, the generation of electricity from highly polluting sources or the exploration and production of oil and gas in areas or using techniques with a high ecological impact. Also excluded are any corporates about which there is evidence that they do not respect the fundamental human rights defined by the United Nations or that do not comply with labour rights, as defined in the Conventions of the International Labour Organization. These exclusions take into account all the requirements for EU benchmarks harmonised with the Paris Agreement.
Added to the above, and in accordance with the characteristics that the Fund promotes, specific exclusionary criteria are applied to this vehicle consistent with the Social Doctrine of the Catholic Church. Accordingly, it will not invest in:
At least 80% of the assets will have a rating equal to or higher than the minimum specified in the next question Monitoring the environmental or social characteristics and, within this majority portion of the portfolio, sustainable investments must present a positive net contribution to the 17 SDGs mentioned above, which will represent at least 20% of the fund's assets.
To guarantee the continuous promotion of the characteristics, the Fund has an ethics committee that will meet at least every six months. Once investments have been made, this committee will ensure that they comply with the ethical ideology and promoted characteristics and may, ultimately, ask for any positions it considers outside requirements to be removed.
The management team considers the good governance practices at the invested companies, via the indicator used (ESG Rating) for selecting investments. Specifically, when assessing the good governance of corporates, ESG ratings include a specific section where aspects related to business ethics and the quality of corporate governance are taken into account. Here, various issues are assessed, such as the characteristics of the company's ownership structure, the operating characteristics and the composition of the control bodies, remuneration policies, accounting and fiscal transparency, the existence of control policies and mechanisms that effectively prevent actions in breach of business ethics as well as the existence of disputes related, for example, to cases of bribery, corruption, fraud, money laundering or anti-competitive practices.
Last update: 22/12/2023.
Investments that promote sustainable characteristics will make up at least 80% of the assets in the portfolio. These investments will materialise in at least 20% of the Fund's assets in sustainable investments with a social and/or environmental aim, in accordance with the definition of the applicable Regulation (EU) 2019/88.
The Fund does not use derivatives to achieve the environmental or social characteristics pursued.
Last update: 22/12/2023.
To implement the investment strategy and achieve the desired environmental and social characteristics, the management team demands the following for the fixed income of private issuers and equities:
Fixed income will be invested in bonds labelled as green, social, sustainable or linked to sustainability; failing that, it will be invested in issuers with a high ESG rating. For public fixed income, the ESG Rating of each issuer will be taken into account and is therefore affected by the previous two points above.
Any individual investment that does not reach the minimum required rating or is not sufficiently aligned with the ideology inspired by the Social Doctrine of the Catholic Church cannot be considered as adequately promoting the environmental and social characteristics and will no longer be included in the section on “Investments adjusted for environmental or social characteristics” of the diagram shown on the next page. In order to assess the permanence of these investments, the team will consider the compliance with the portfolio's joint minimum rating target and the minimum proportion of 80% of the equity assigned to assets of “Investments adjusted for environmental or social characteristics”.
Additionally, the Fund has an ethics committee that constantly supervises the alignment of investments with the ideology inspired by the Social Doctrine of the Catholic Church.
To measure the degree of achievement of the environmental or social characteristics described above, the Fund uses an indicator offered by an external provider of acknowledged prestige to assess the alignment of the investments with these characteristics. Specifically, the indicator shows whether the investment meets (“False”) or does not meet (“True”) the above criteria for exclusion.
Additionally, the Fund's indicator is appropriate compliance with the environmental and social characteristics pursued by the “ESG rating” for the issuers (public or private) in which it invests.
Last update: 22.12.2023.
The “ESG rating” used as an indicator is a metric prepared by independent companies, specialised in the analysis of non-financial risks. It offers a global assessment of the previously described environmental and social characteristics. Specifically, an “ESG Rating” identifies the most important environmental, social and governance variables, assessing and weighting them according to their relevance according in the sector or sub-industry to which the analysed issuer belongs. The final assessment is expressed in the form of a global rating, although this can be broken down into individual scores for environmental, social and governance practices. The “ESG rating” is usually expressed in the form of letters or numbers depending on the provider, but in both cases the values are expressed using a level scale to identify the degree of exposure to non-financial risks faced by the analysed issuer, and its ability to manage them. Based on this scale, it is possible to determine whether an investment has environmental, social and governance characteristics associated with a very low, low, medium, high or very high sustainability risk, and promote the selection of those that best fit the fund's goals.
Fixed Income will be invested in bonds labelled as green, social, sustainable or linked to sustainability; failing that, it will be invested in issuers with a high ESG rating.
For investments made through other Collective Investment Institutions, the essential requirement is that these CIIs are classified in the same way as those of Article 8 (they will be included in the investments in the percentage that meets the promoted characteristics) or Article 9 of Regulation (EU) 2019/2088. The ethics committee will ensure that the CIIs meet these requirements, that they do not overtly oppose the fund's ideology and that they comply at all times with the do-no-significant harm principle, i.e. that they do not compromise any social and/or environmental sustainability goal.
Bankinter Gestión de Activos only uses external providers (MSCI Inc, Clarity AI and Bloomberg LLC) for the determination of ESG ratings and therefore does not develop its own methodology to obtain these ratings.
As regards the methodology to assess the characteristics required of “sustainable investments”, their regulatory definition states that:
(1) the investment must be made in an economic activity that contributes to an environmental or social goal;
(2) the investment must have no significant negative impact on the achievement of the environmental or social goals (assessed according to the DNSH principle through the indicators mentioned above); and
(3) the investee must follow the applicable good governance practices.
Bankinter Gestión de Activos implements its classification methodology by controlling and monitoring:
(1) net contribution to the Sustainable Development Goals, as explained in the relevant section.
(2) the favourable or unfavourable comparison in relative terms of the most significant metrics listed in Table 1 of Appendix I to Delegated Regulation (EU) 2022/1288, such as intensity of greenhouse gas emissions, violations of the principles of the United Nations Global Compact, lack of compliance processes and mechanisms to track compliance with these principles, gender diversity of the board of directors, or exposure to controversial weapons; and
(3) verification through the ESG rating and analysis of controversies that good governance practices are properly followed.
The investment process takes into account both of these methodologies and the manager monitors their compliance on a monthly basis. Additionally, an annual report is released on the degree of achievement of the investment strategy and the social or environmental characteristics promoted by the fund.
Last update: 22.12.2023.
Compliance with the characteristics promoted by the fund is assessed by reputable external providers such as MSCI Inc, Clarity AI and Bloomberg LLC (although these may change at any time depending on what the manager considers most appropriate), which provide both the non-financial data of the underlying assets in which the fund invests and the aforementioned “ESG ratings” of those assets. Non-financial data refer to all data concerning environmental, social and corporate governance matters, which therefore include data concerning the “principal adverse impacts”.
As a result, the quality of these data hinges upon the provider chosen and whether these data are published by the companies or issuers. When specific data are not published by companies or issuers, estimates may be required that may be significantly different from the figures ultimately published. Bankinter Gestión de Activos does not produce its own estimates but uses those of its external providers. To ensure the quality of the data, Bankinter Gestión de Activos uses reputable external providers, monitoring and comparing how available and up-to-date the data supplied by each of them are.
The data are automatically integrated into the management and control tool, without any alteration to the information supplied by the providers.
For indirect investments through CIIs classified as Article 8 or 9 of Regulation (EU) 2019/88 products, data provided by their respective management companies are used.
The proportion of estimated data on investments through CIIs supplied by the providers and the management companies is a difficult parameter to establish with the information currently available.
Last update: 22/12/2023.
The methods used, and which have been described above, may present limitations and consequently may require modifications over time. The right measurement of how the social or environmental characteristics promoted by the Fund are met may be limited by the availability and quality of the extra-financial information used to assess the ESG characteristics of the underlying assets in which it invests and/or of the asset issuers. The classification of assets as “sustainable investments” also requires a significant volume of data and assessment criteria that are not agreed upon at the European level, which can make the comparison between funds from different financial institutions complex.
In order for these limitations not to affect how the environmental or social characteristics promoted by the Fund are met, the Manager constantly analyses and monitors the results achieved and establishes periodic checks on the percentage of assets that meet said characteristics, as well as the percentage of sustainable investments, confirming that both percentages meet the established thresholds.
Last update: 22/12/2023.
Regarding the due diligence measures for the Fund's underlying assets, the Manager has established an ex-ante control that does not allow the trading of an asset if this means that the Fund does not meet the thresholds established in section “Monitoring environmental or social characteristics".
Also, a periodic ex-post control is carried out, considering sudden drops in the ESG rating of the financial assets that make up the Fund's portfolio.
And the information provided by external providers is periodically updated to improve the coverage of the underlying assets that the Fund invests in.
As a final point to note, the Fund is constantly monitored by an ethics committee to ensure that investments are aligned with sustainable characteristics.
Last update: 22/12/2023.
The Management Company will monitor certain aspects of the business strategies, performance and financial and non-financial risk, capital structure, social and environmental impact and corporate governance of specific companies, to the extent it deems appropriate considering its investment strategy and the nature and size of its investment in them.
To perform this monitoring work, the Management Company may use various sources and mechanisms, e.g. the review of non-financial information, particularly as regards ESG Risks and Factors.
The Management Company interprets its fiduciary duty with respect to the unit holders of the Managed Vehicles as an effort to maximise the value of their investments in both the long and short term, in compliance with its management and administration responsibilities, not only as a shareholder but also by actively participating with the company's management.
The Management Company is aware that, through participation in the Annual General Meetings or in engagement with the companies,“” faster growth and higher profitability are possible in the long run. The Management Company believes it is possible to improve long-term profitability and generate a positive impact on sustainability by integrating sustainability risks and factors into its Managed Vehicles and the investee companies.
Last update: 22/12/2023.
No specific benchmark index has been identified for establishing the Fund's environmental and social characteristics.
Fund that promotes social criteria but does not pursue a specific sustainable investment objective.
The social or environmental characteristics which this fund promotes are evaluated through what is technically known as an “ESG risk analysis”. The fund manager does not carry out this analysis internally but uses the services of specialised companies (“third-party analysis”). The ESG risk analysis conducted for the fund manager is based on information published by the issuers of the assets as well as other data which these specialised companies compile themselves. The end result of the analysis is usually expressed in the form of a global rating or “ESG rating” for each individual issuer. The fund manager takes these ratings into account to ensure that the portfolio does not exceed, on an aggregate basis, a pre-assigned maximum level of ESG risk and that it therefore achieves an appropriate level of compliance with the characteristics it promotes. For more information about this fund, please click on the following link.
Check the Pre-contractual information for the Bankinter Ahorro Activos Euro Fund, FI. Prospectus last updated: 30/01/2026.
Please refer to the Periodic Information on the Bankinter Ahorro Activos Euro Fund, FI. Last update: 2025.
Last update: 24/07/2025
This investment fund (hereinafter, the “fund”), promotes environmental characteristics, and is classified as an Article 8 of Regulation (EU) 2019/2088 financial product. However, it does not have a sustainable investment objective.
Nevertheless, even though the fund does not have a sustainable investment objective, it intends to make sustainable investments. The fund's sustainable investments aim to further the Sustainable Development Goals (SDGs) outlined within the United Nations 2030 Agenda. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
Within these investments, any potential damage caused must not be significant and must always be mitigated by the greater positive impact generated, in order to not significantly undermine any environmental or social sustainable investment goal, given that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals being pursued.
Additionally, consideration of the Main Adverse Incidents indicators is taken into account throughout the entire investment process in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment.
Given that sustainable investments also undergo sustainability analyses using the “ESG Rating”, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
By assessing the business practices of the companies in which it invests, the fund promotes environmental and social characteristics such as: carbon efficiency; properly managing how natural resources and water are consumed; limiting impact on biodiversity and land use; properly managing waste and toxic emissions; limiting the impact of pollution caused by non-recyclable packaging and materials; properly managing human resources in order to keep workplace risks under control and comply with employment rights; appropriately managing relationships with wider society and the company's impact on it, in order to prevent violations of fundamental rights; reducing potential damage caused by a lack of suitable health and safety measures in the products and services offered; suitable protection for keeping customer data private and secure; and monitoring these protection systems within its supply chains.
To ensure compliance with the environmental characteristics promoted by the fund, the initial step in the investment strategy involves applying the fund manager's exclusion policy, which excludes corporates with high exposure to economic activities that have a significantly negative environmental or social impact, or that violate fundamental human or labour rights.
The management team takes the good governance practices of the corporates in which it invests into account, via the indicator used (ASG Rating) for selecting investments.
When considering the planned investment ratio for the portfolio, at least 60% of the assets are established for investments that promote environmental characteristics, and a minimum of 20% of its assets are specified for sustainable investments.
The ESG Rating Indicator, which must meet the minimum value required both for each individual asset and an overall level for the entire portfolio, is used to monitor the environmental or social characteristics promoted by the fund.
The fund uses methods that have been specifically developed both for measuring compliance with environmental characteristics, where the “ESG rating” indicator is used as a metric, and for assessing sustainable investments based on their net positive contribution to the 17 SDGs.
In order to deploy these methods, the fund manager uses data from reputable suppliers. However, there may be constraints on the availability and quality of the non-financial information used for assessing the ESG Rating indicator and sustainable investments. The fund manager continuously analyses and monitors the results from these assessments in order mitigate these constraints.
The fund manager has established a due diligence measure targeting the fund's underlying assets, which involves continuously monitoring them and their compliance with the environmental characteristics promoted by the fund.
The fund manager also has an Engagement Policy which contains processes focusing on active dialogue with issuers (“engagement”) and on voting on potential corporates in which to invest.
No specific benchmark index has been identified for establishing the fund's environmental characteristics.
Last update: 24/07/2025
This financial product promotes environmental or social characteristics but it does not have a sustainable investment objective.
However, the fund plans to make sustainable investments. The fund's sustainable investments aim to contribute to all of the Sustainable Development Goals (SDGs) defined in the United Nations 2030 Agenda. There are 17 SDGs: 1) end poverty in all its forms everywhere; 2) end hunger, achieve food security and improved nutrition and promote sustainable agriculture; 3) ensure healthy lives and promote well-being; 4) ensure inclusive and equitable quality education and promote lifelong learning opportunities for all; 5) achieve gender quality and empower all women and girls; 6) ensure availability and sustainable management of water and sanitation for all; 7) ensure access to affordable, reliable, sustainable and modern energy for all; 8) promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all; 9) build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation; 10) reduce inequalities within and among countries; 11) make cities and human settlements inclusive, safe, resilient and sustainable; 12) ensure sustainable consumption and production patterns; 13) take urgent action to combat climate change and its impacts; 14) conserve and sustainably use the oceans, seas and marine resources for sustainable development; 15) protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss; 16) promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels; and 17) strengthen the means of implementation and revitalise the Global Partnership for Sustainable Development.
By making this type of sustainable investment, the fund aims to make a positive contribution to the SDGs. To identify these investments, the fund uses an indicator from an external provider, specialised in ESG analysis, with an established methodology for measuring the degree to which companies contribute to each of the 17 SDGs, based on their operations, products, services, policies and practices implemented to address these challenges. This analysis produces for each company a positive or negative metric for each of the 17 goals. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
The fact that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals means that potential damage generated will not be significant, and it will always be mitigated by the greater positive impact generated.
In addition to presenting a positive net contribution to the 17 SDGs, the fund's sustainable investments must comply with the principle of doing no significant harm to another sustainability goal. This will be achieved through the combination of the following management actions:
The principal adverse impact indicators are taken into account throughout the entire investment process in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment. If a significant increase in any of these indicators is identified, the reasons are examined and mitigation and corrective actions are taken where necessary. These actions may include not increasing the investment, partially or completely reducing exposure to certain issuers, or placing them under surveillance.
The management team will take into account the indicators listed in Table 1 and any of those listed in Tables 2 and 3 of Appendix I to Delegated Regulation (EU) 2022/1288. The Do No Significant Harm principle is introduced into the investment classification process as “sustainable investments” or as “investments with other environmental or social characteristics”. Assessment of the Do No Significant Harm principle forms part of the three pillars underpinning compliance with the regulatory definition of “sustainable investment”.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
Last update: 24/07/2025
By assessing the business practices of the companies in which it invests, the fund promotes environmental and social characteristics such as: carbon efficiency; properly managing how natural resources and water are consumed; limiting impact on biodiversity and land use; properly managing waste and toxic emissions; limiting the impact of pollution caused by non-recyclable packaging and materials; properly managing human resources in order to keep workplace risks under control and comply with employment rights; appropriately managing relationships with wider society and the company's impact on it, in order to prevent violations of fundamental rights; reducing potential damage caused by a lack of suitable health and safety measures in the products and services offered; suitable protection for keeping customer data private and secure; and monitoring these protection systems within its supply chains.
Last update: 24/07/2025
The fund manager implements a general exclusion policy to rule out corporates with significant exposure to economic activities with a highly negative environmental or social impact. These activities include the production of weapons of mass destruction, the production of weapons considered controversial due to their impact on the civilian population, the generation of electricity from highly polluting sources or the exploration and production of oil and gas in areas or using techniques with a high ecological impact. Also excluded are any corporates about which there is evidence that they do not respect the fundamental human rights defined by the United Nations or that do not comply with labour rights, as defined in the Conventions of the International Labour Organization.
At least 60% of the assets will have a rating equal to or higher than the minimum set out in the “Monitoring the environmental or social characteristics” section and, within this majority share of the portfolio, sustainable investments must make a positive net contribution to the 17 SDGs, which will account for at least 20% of the fund's assets.
In addition to the ex-ante assessment, prior to the investment decision, the management team performs a continuous assessment of the portfolio to analyse its alignment with the promoted sustainable characteristics.
The management team considers the good governance practices at the invested companies, via the indicator used (ESG Rating) for selecting investments. Specifically, when assessing the good governance of corporates, ESG ratings include a specific section where aspects related to business ethics and the quality of corporate governance are taken into account. Here, various issues are assessed, such as the characteristics of the company's ownership structure, the operating characteristics and the composition of the control bodies, remuneration policies, accounting and fiscal transparency, the existence of control policies and mechanisms that effectively prevent actions in breach of business ethics as well as the existence of disputes related, for example, to cases of bribery, corruption, fraud, money laundering or anti-competitive practices.
Last update: 24/07/2025
Investments that promote sustainable environmental or social characteristics will make up at least 60% of the assets in the portfolio. These investments mean at least 20% of the fund's assets will be invested in sustainable investments with a social and/or environmental goal in accordance with the definition of the applicable Regulation (EU) 2019/2088, together with the parameters indicated previously in this document.
The fund does not use derivatives to achieve the environmental or social characteristics pursued.
Last update: 24/07/2025
To implement the investment strategy and achieve the desired environmental and social characteristics, the management team demands the following for the fixed income of private issuers:
For public fixed income, the ESG rating of each issuer will also be taken into account and is therefore affected by the previous two points above.
Any individual investment that does not reach the minimum required rating cannot be considered as adequately promoting the environmental and social characteristics and will no longer be included in the section on “Investments adjusted for environmental or social characteristics”. In order to assess the permanence of these investments, the team will consider the compliance with the portfolio's joint minimum rating target and the minimum proportion of 60% of the equity assigned to assets of “Investments adjusted for environmental or social characteristics”.
The fund's indicator is appropriate compliance with the environmental and social characteristics pursued by the “ESG rating” for the issuers (public or private) in which it invests.
Last update: 24/07/2025
The “ESG rating” used as an indicator is a metric prepared by independent companies specialised in the analysis of extra-financial risks. It offers a global assessment of the previously described environmental and social characteristics. Specifically, an “ESG Rating” identifies the most relevant environmental, social and governance variables, assessing and weighting them according to their relevance in the sector or sub-industry to which the analysed issuer belongs. The final assessment is expressed in the form of a global rating, although this can be broken down into individual scores for environmental, social and governance practices. The “ESG rating” is usually expressed in the form of letters or numbers depending on the provider, but in both cases the values are expressed using a level scale to identify the degree of exposure to non-financial risks faced by the analysed issuer, and its ability to manage them. Based on this scale, it is possible to determine whether an investment has environmental, social and governance characteristics associated with a very low, low, medium, high or very high sustainability risk, and promote the selection of those that best fit the fund's goals.
Any green, social or sustainable recognitions the instrument might have are taken into account, in addition to the ESG rating, to indicate the fixed-income instrument's degree of achievement of the environmental or social characteristics pursued.
For investments made through other Collective Investment Institutions, the essential requirement is that these CIIs are classified in the same way as those of Article 8 (they will be included in the investments in the percentage that meets the promoted characteristics) or Article 9 of Regulation (EU) 2019/2088.
Bankinter Gestión de Activos only uses external providers (MSCI Inc, Clarity AI and Bloomberg LLC) for the determination of ESG ratings and therefore does not develop its own methodology to obtain these ratings.
As regards the methodology to assess the characteristics required of “sustainable investments”, their regulatory definition states that:
(1) the investment must be made in an economic activity that contributes to an environmental or social goal;
(2) the investment must have no significant negative impact on the achievement of the environmental or social goals (assessed according to the DNSH principle through the indicators mentioned above); and
(3) the investee corporate must follow the applicable good governance practices.
Bankinter Gestión de Activos implements its classification methodology by controlling and monitoring:
(1) net contribution to the Sustainable Development Goals, as explained in the relevant section.
(2) the favourable or unfavourable comparison in relative terms of the most significant metrics listed in Table 1 of Appendix I to Delegated Regulation (EU) 2022/1288, such as intensity of greenhouse gas emissions, violations of the principles of the United Nations Global Compact, lack of compliance processes and mechanisms to track compliance with these principles, gender diversity of the board of directors or exposure to controversial weapons; and
(3) verification through the ESG rating and analysis of controversies that good governance practices are properly followed.
The investment process takes into account both of these methodologies and the manager monitors their compliance on a monthly basis. Additionally, an annual report is released on the degree of achievement of the investment strategy and the environmental characteristics promoted by the fund.
Last update: 24/07/2025
Compliance with the characteristics promoted by the fund is assessed by reputable external providers such as MSCI Inc, Clarity AI and Bloomberg LLC (although these may change at any time depending on what the manager considers most appropriate), which provide both the non-financial data of the underlying assets in which the fund invests and the aforementioned ESG ratings of those assets. Non-financial data refer to all data concerning environmental, social and corporate governance matters, which therefore include data concerning the “principal adverse impacts”.
As a result, the quality of these data hinges upon the provider chosen and whether these data are published by the companies or issuers. When specific data are not published by companies or issuers, estimates may be required that may be significantly different from the figures ultimately published. Bankinter Gestión de Activos does not produce its own estimates but uses those of its external providers. To ensure the quality of the data, Bankinter Gestión de Activos uses reputable external providers, monitoring and comparing how available and up-to-date the data supplied by each of them are.
The data are correctly and automatically integrated into the management and control tool, without any alteration to the information provided by suppliers.
For indirect investments through CIIs classified under Article 8 or 9 of Regulation (EU) 2019/88, information provided by their respective management companies is used.
The proportion of estimated data on investments through CIIs supplied by the providers and the management companies is a difficult parameter to establish with the information currently available.
Last update: 24/07/2025
The methods used, and which have been described above, may present limitations and consequently may require modifications over time. The appropriate measurement of how the environmental characteristics promoted by the fund are met may be limited by the availability and quality of the extra-financial information used to assess the ESG characteristics of the underlying assets in which it invests and/or of the asset issuers. The classification of assets as “sustainable investments” also requires a significant volume of data and assessment criteria that are not agreed upon at the European level, which can make the comparison between funds from different financial institutions complex.
To ensure that these limitations do not affect how the environmental characteristics promoted by the fund are met, the fund manager constantly analyses and monitors the results achieved and establishes periodic checks on the percentage of assets that meet said characteristics, as well as the percentage of sustainable investments, confirming that both percentages meet the established thresholds.
Last update: 24/07/2025
Regarding the due diligence measures for the fund's underlying assets, the fund manager has established an ex-ante control that does not allow the trading of an asset if this means that the fund does not meet the thresholds established in the section “Monitoring environmental or social characteristics".
Also, a periodic ex-post control is carried out, considering sudden drops in the ESG rating of the financial assets that make up the fund's portfolio.
In addition, the information provided by external providers is updated regularly to improve the coverage of the underlying assets in which the fund invests.
Last update: 24/07/2025
The fund manager will monitor certain aspects of the business strategies, performance and financial and non-financial risk, capital structure, social and environmental impact and corporate governance of specific companies, to the extent it deems appropriate considering its investment strategy and the nature and size of its investment in them.
The fund manager may use various sources and mechanisms to perform this monitoring work, such as the review of non-financial information, particularly as regards ESG Risks and Factors.
The fund manager interprets its fiduciary duty with respect to the unit holders of the managed vehicles as an effort to maximise the value of their investments in both the long and short term, in compliance with its management and administration responsibilities, not only as a shareholder but also by actively participating with the company's management.
The fund manager is aware that, through participation in the annual general meetings or in engagement with the companies,“” faster growth and higher profitability can be achieved in the long run. The fund manager believes it is possible to improve long-term profitability and generate a positive impact on sustainability by integrating sustainability risks and factors into its managed vehicles and the investee companies.
Last update: 24/07/2025
No specific benchmark index has been identified for establishing the fund's environmental characteristics.
Fund that promotes social criteria but does not pursue a specific sustainable investment objective.
The social or environmental characteristics which this fund promotes are evaluated through what is technically known as an “ESG risk analysis”. The fund manager does not carry out this analysis internally but uses the services of specialised companies (“third-party analysis”). The ESG risk analysis conducted for the fund manager is based on information published by the issuers of the assets as well as other data which these specialised companies compile themselves. The end result of the analysis is usually expressed in the form of a global rating or “ESG rating” for each individual issuer. The fund manager takes these ratings into account to ensure that the portfolio does not exceed, on an aggregate basis, a pre-assigned maximum level of ESG risk and that it therefore achieves an appropriate level of compliance with the characteristics it promotes. For more information about this fund, please click on the following link.
Check the Pre-contractual Information for the Bankinter Renta Fija Largo Plazo investment fund. Prospectus last updated: 30/01/2026.
Please refer to the Periodic Information on the Bankinter Renta Fija Largo Plazo Fund, FI. Last update: 2025.
Last update: 24/07/2025
This investment fund (hereinafter, the “fund”), promotes environmental characteristics, and is classified as an Article 8 of Regulation (EU) 2019/2088 financial product. However, it does not have a sustainable investment objective.
Nevertheless, even though the fund does not have a sustainable investment objective, it intends to make sustainable investments. The fund's sustainable investments aim to further the Sustainable Development Goals (SDGs) outlined within the United Nations 2030 Agenda. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
Within these investments, any potential damage caused must not be significant and must always be mitigated by the greater positive impact generated, in order to not significantly undermine any environmental or social sustainable investment goal, given that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals being pursued.
Additionally, consideration of the Main Adverse Incidents indicators is taken into account throughout the entire investment process, in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment.
Given that sustainable investments also undergo sustainability analyses using the “ESG Rating”, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
By assessing the business practices of the companies in which it invests, the fund promotes environmental and social characteristics such as: carbon efficiency; properly managing how natural resources and water are consumed; limiting impact on biodiversity and land use; properly managing waste and toxic emissions; limiting the impact of pollution caused by non-recyclable packaging and materials; properly managing human resources in order to keep workplace risks under control and comply with employment rights; appropriately managing relationships with wider society and the company's impact on it, in order to prevent violations of fundamental rights; reducing potential damage caused by a lack of suitable health and safety measures in the products and services offered; suitable protection for keeping customer data private and secure; and monitoring these protection systems within its supply chains.
To ensure compliance with the environmental characteristics promoted by the fund, the initial step in the investment strategy involves applying the fund manager's exclusion policy, which excludes corporates with high exposure to economic activities that have a significantly negative environmental or social impact, or that violate fundamental human or labour rights.
The management team takes the good governance practices of the corporates in which it invests into account, via the indicator used (ASG Rating) for selecting investments.
When considering the planned investment ratio for the portfolio, at least 60% of the assets are established for investments that promote environmental characteristics, and a minimum of 20% of its assets are specified for sustainable investments.
The ESG Rating Indicator, which must meet the minimum value required both for each individual asset and an overall level for the entire portfolio, is used to monitor the environmental or social characteristics promoted by the fund.
The fund uses methods that have been specifically developed both for measuring compliance with environmental characteristics, where the “ESG rating” indicator is used as a metric, and for assessing sustainable investments based on their net positive contribution to the 17 SDGs.
In order to deploy these methods, the fund manager uses data from reputable suppliers. However, there may be constraints on the availability and quality of the non-financial information used for assessing the ESG Rating indicator and sustainable investments. The fund manager continuously analyses and monitors the results from these assessments in order mitigate these constraints.
The fund manager has established a due diligence measure targeting the fund's underlying assets, which involves continuously monitoring them and their compliance with the environmental characteristics promoted by the fund.
The fund manager also has an Engagement Policy which contains processes focusing on active dialogue with issuers (“engagement”) and on voting on potential corporates in which to invest.
No specific benchmark index has been identified for establishing the fund's environmental characteristics.
Last update: 24/07/2025
This financial product promotes environmental or social characteristics but it does not have a sustainable investment objective.
However, the fund plans to make sustainable investments. The fund's sustainable investments aim to contribute to all of the Sustainable Development Goals (SDGs) defined in the United Nations 2030 Agenda. There are 17 SDGs: 1) end poverty in all its forms everywhere; 2) end hunger, achieve food security and improved nutrition and promote sustainable agriculture; 3) ensure healthy lives and promote well-being; 4) ensure inclusive and equitable quality education and promote lifelong learning opportunities for all; 5) achieve gender quality and empower all women and girls; 6) ensure availability and sustainable management of water and sanitation for all; 7) ensure access to affordable, reliable, sustainable and modern energy for all; 8) promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all; 9) build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation; 10) reduce inequalities within and among countries; 11) make cities and human settlements inclusive, safe, resilient and sustainable; 12) ensure sustainable consumption and production patterns; 13) take urgent action to combat climate change and its impacts; 14) conserve and sustainably use the oceans, seas and marine resources for sustainable development; 15) protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss; 16) promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels; and 17) strengthen the means of implementation and revitalise the Global Partnership for Sustainable Development.
By making this type of sustainable investment, the fund aims to make a positive contribution to the SDGs. To identify these investments, the fund uses an indicator from an external provider, specialised in ESG analysis, with an established methodology for measuring the degree to which companies contribute to each of the 17 SDGs, based on their operations, products, services, policies and practices implemented to address these challenges. This analysis produces for each company a positive or negative metric for each of the 17 goals. An investment must make a net positive contribution to the 17 SDGs in order to qualify as a sustainable investment.
The fact that the fund requires all sustainable investments to make a net positive contribution to the sustainable goals means that potential damage generated will not be significant, and it will always be mitigated by the greater positive impact generated.
In addition to presenting a positive net contribution to the 17 SDGs, the fund's sustainable investments must comply with the principle of doing no significant harm to another sustainability goal. This will be achieved through the combination of the following management actions:
The principal adverse impact indicators are taken into account throughout the entire investment process in order to manage the key indicators for the Do No Significant Harm (DNSH) assessment. If a significant increase in any of these indicators is identified, the reasons are examined and mitigation and corrective actions are taken where necessary. These actions may include not increasing the investment, partially or completely reducing exposure to certain issuers, or placing them under surveillance.
The management team will take into account the indicators listed in Table 1 and any of those listed in Tables 2 and 3 of Appendix I to Delegated Regulation (EU) 2022/1288. The Do No Significant Harm principle is introduced into the investment classification process as “sustainable investments” or as “investments with other environmental or social characteristics”. Assessment of the Do No Significant Harm principle forms part of the three pillars underpinning compliance with the regulatory definition of “sustainable investment”.
Given that sustainable investments also undergo sustainability analyses using the “ESG rating” indicator, which applies environmental, social and governance criteria compatible with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, the team analyses whether the invested companies comply with these guidelines.
Last update: 24/07/2025
By assessing the business practices of the companies in which it invests, the fund promotes environmental and social characteristics such as: carbon efficiency; properly managing how natural resources and water are consumed; limiting impact on biodiversity and land use; properly managing waste and toxic emissions; limiting the impact of pollution caused by non-recyclable packaging and materials; properly managing human resources in order to keep workplace risks under control and comply with employment rights; appropriately managing relationships with wider society and the company's impact on it, in order to prevent violations of fundamental rights; reducing potential damage caused by a lack of suitable health and safety measures in the products and services offered; suitable protection for keeping customer data private and secure; and monitoring these protection systems within its supply chains.
Last update: 24/07/2025
The fund manager implements a general exclusion policy to rule out corporates with significant exposure to economic activities with a highly negative environmental or social impact. These activities include the production of weapons of mass destruction, the production of weapons considered controversial due to their impact on the civilian population, the generation of electricity from highly polluting sources or the exploration and production of oil and gas in areas or using techniques with a high ecological impact. Also excluded are any corporates about which there is evidence that they do not respect the fundamental human rights defined by the United Nations or that do not comply with labour rights, as defined in the Conventions of the International Labour Organization.
At least 60% of the assets will have a rating equal to or higher than the minimum set out in the “Monitoring the environmental or social characteristics” section and, within this majority share of the portfolio, sustainable investments must make a positive net contribution to the 17 SDGs, which will account for at least 20% of the fund's assets.
In addition to the ex-ante assessment, prior to the investment decision, the management team performs a continuous assessment of the portfolio to analyse its alignment with the promoted sustainable characteristics.
The management team considers the good governance practices at the invested companies, via the indicator used (ESG Rating) for selecting investments. Specifically, when assessing the good governance of corporates, ESG ratings include a specific section where aspects related to business ethics and the quality of corporate governance are taken into account. Here, various issues are assessed, such as the characteristics of the company's ownership structure, the operating characteristics and the composition of the control bodies, remuneration policies, accounting and fiscal transparency, the existence of control policies and mechanisms that effectively prevent actions in breach of business ethics as well as the existence of disputes related, for example, to cases of bribery, corruption, fraud, money laundering or anti-competitive practices.
Last update: 24/07/2025
Investments that promote sustainable environmental or social characteristics will make up at least 60% of the assets in the portfolio. These investments mean at least 20% of the fund's assets will be invested in sustainable investments with a social and/or environmental goal in accordance with the definition of the applicable Regulation (EU) 2019/2088, together with the parameters indicated previously in this document.
The fund does not use derivatives to achieve the environmental or social characteristics pursued.
Last update: 24/07/2025
To implement the investment strategy and achieve the desired environmental and social characteristics, the management team demands the following for the fixed income of private issuers:
For public fixed income, the ESG rating of each issuer will also be taken into account and is therefore affected by the previous two points above.
Any individual investment that does not reach the minimum required rating cannot be considered as adequately promoting the environmental and social characteristics and will no longer be included in the section on “Investments adjusted for environmental or social characteristics”. In order to assess the permanence of these investments, the team will consider the compliance with the portfolio's joint minimum rating target and the minimum proportion of 60% of the equity assigned to assets of “Investments adjusted for environmental or social characteristics”.
The fund's indicator is appropriate compliance with the environmental and social characteristics pursued by the “ESG rating” for the issuers (public or private) in which it invests.
Last update: 24/07/2025
The “ESG rating” used as an indicator is a metric prepared by independent companies, specialised in the analysis of extra-financial risks. It offers a global assessment of the previously described environmental and social characteristics. Specifically, an “ESG Rating” identifies the most relevant environmental, social and governance variables, assessing and weighting them according to their relevance in the sector or sub-industry to which the analysed issuer belongs. The final assessment is expressed in the form of a global rating, although this can be broken down into individual scores for environmental, social and governance practices. The “ESG rating” is usually expressed in the form of letters or numbers depending on the provider, but in both cases the values are expressed using a level scale to identify the degree of exposure to non-financial risks faced by the analysed issuer, and its ability to manage them. Based on this scale, it is possible to determine whether an investment has environmental, social and governance characteristics associated with a very low, low, medium, high or very high sustainability risk, and promote the selection of those that best fit the fund's goals.
Any green, social or sustainable recognitions the instrument might have are taken into account, in addition to the ESG rating, to indicate the fixed-income instrument's degree of achievement of the environmental or social characteristics pursued.
For investments made through other Collective Investment Institutions, the essential requirement is that these CIIs are classified in the same way as those of Article 8 (they will be included in the investments in the percentage that meets the promoted characteristics) or Article 9 of Regulation (EU) 2019/2088.
Bankinter Gestión de Activos only uses external providers (MSCI Inc, Clarity AI and Bloomberg LLC) for the determination of ESG ratings and therefore does not develop its own methodology to obtain these ratings.
As regards the methodology to assess the characteristics required of “sustainable investments”, their regulatory definition states that:
(1) the investment must be made in an economic activity that contributes to an environmental or social goal;
(2) the investment must have no significant negative impact on the achievement of the environmental or social goals (assessed according to the DNSH principle through the indicators mentioned above); and
(3) the investee corporate must follow the applicable good governance practices.
Bankinter Gestión de Activos implements its classification methodology by controlling and monitoring:
(1) net contribution to the Sustainable Development Goals, as explained in the relevant section.
(2) the favourable or unfavourable comparison in relative terms of the most significant metrics listed in Table 1 of Appendix I to Delegated Regulation (EU) 2022/1288, such as intensity of greenhouse gas emissions, violations of the principles of the United Nations Global Compact, lack of compliance processes and mechanisms to track compliance with these principles, gender diversity of the board of directors or exposure to controversial weapons; and
(3) verification through the ESG rating and analysis of controversies that good governance practices are properly followed.
The investment process takes into account both of these methodologies and the manager monitors their compliance on a monthly basis. Additionally, an annual report is released on the degree of achievement of the investment strategy and the environmental characteristics promoted by the fund.
Last update: 24/07/2025
Compliance with the characteristics promoted by the fund is assessed by reputable external providers such as MSCI Inc, Clarity AI and Bloomberg LLC (although these may change at any time depending on what the manager considers most appropriate), which provide both the non-financial data of the underlying assets in which the fund invests and the aforementioned “ESG ratings” of those assets. Non-financial data refer to all data concerning environmental, social and corporate governance matters, which therefore include data concerning the “principal adverse impacts”.
As a result, the quality of these data hinges upon the provider chosen and whether these data are published by the companies or issuers. When specific data are not published by companies or issuers, estimates may be required that may be significantly different from the figures ultimately published. Bankinter Gestión de Activos does not produce its own estimates but uses those of its external providers. To ensure the quality of the data, Bankinter Gestión de Activos uses reputable external providers, monitoring and comparing how available and up-to-date the data supplied by each of them are.
The data is correctly and automatically integrated into the management and control tool, without any alteration to the information provided by suppliers.
For indirect investments through IICs classified under Article 8 or 9 of Regulation (EU) 2019/88, information provided by their respective management companies is used.
The proportion of estimated data on investments through CIIs supplied by the providers and the management companies is a difficult parameter to establish with the information currently available.
Last update: 24/07/2025
The methods used, and which have been described above, may present limitations and consequently may require modifications over time. The appropriate measurement of how the environmental characteristics promoted by the fund are met may be limited by the availability and quality of the extra-financial information used to assess the ESG characteristics of the underlying assets in which it invests and/or of the asset issuers. The classification of assets as “sustainable investments” also requires a significant volume of data and assessment criteria that are not agreed upon at the European level, which can make the comparison between funds from different financial institutions complex.
To ensure that these limitations do not how the environmental characteristics promoted by the fund are met, the fund manager constantly analyses and monitors the results achieved and establishes periodic checks on the percentage of assets that meet said characteristics, as well as the percentage of sustainable investments, confirming that both percentages meet the established thresholds.
Last update: 24/07/2025
Regarding the due diligence measures for the fund's underlying assets, the fund manager has established an ex-ante control that does not allow the trading of an asset if this means that the fund does not meet the thresholds established in the section “Monitoring environmental or social characteristics".
Also, a periodic ex-post control is carried out, considering sudden drops in the ESG rating of the financial assets that make up the fund's portfolio.
In addition, the information provided by external providers is updated regularly to improve the coverage of the underlying assets in which the fund invests.
Last update: 24/07/2025
The fund manager will monitor certain aspects of the business strategies, performance and financial and non-financial risk, capital structure, social and environmental impact and corporate governance of specific companies, to the extent it deems appropriate considering its investment strategy and the nature and size of its investment in them.
The fund manager may use various sources and mechanisms to perform this monitoring work, such as the review of non-financial information, particularly as regards ESG risks and factors.
The fund manager interprets its fiduciary duty with respect to the unit holders of the managed vehicles as an effort to maximise the value of their investments in both the long and short term, in compliance with its management and administration responsibilities, not only as a shareholder but also by actively participating with the company's management.
The fund manager is aware that, through participation in the annual general meetings or in engagement with the companies,“” faster growth and higher profitability can be achieved in the long run. The fund manager believes it is possible to improve long-term profitability and generate a positive impact on sustainability by integrating sustainability risks and factors into its managed vehicles and the investee companies.
Last update: 24/07/2025
No specific benchmark index has been identified for establishing the fund's environmental characteristics.