As concerns "Animal Ventures Tomorrow Fund" (hereinafter "the Fund")
In application of Regulation (EU) 2019/2088, relating to the publication of information on sustainability-related disclosures in the financial services sector (known as "SFDR"), which requires financial actors to establish:
- the manner in which sustainability risks are integrated into their investment decisions.
- the possible adverse impacts of their products and how they are assessed.
- the characteristics of the financial products that they present as sustainable.
AxF (GP) as the Fund's General Partner of the "LEVEL UP SCA" is obliged under the SFDR to publish a description of the sustainability risks or explain in a clear and concise manner why their application to the Fund is not relevant.
Sustainability risks are defined as follows: environmental, social or governance event or situation which, if it occurs, could potentially or effectively have a material adverse effect on the value of the investment of the financial product.
Having taken into account that the investment targets of the Fund's private equity and venture capital type strategy do not offer readily available and trustworthy ESG metrics, we would like to inform you that the Fund is managed using an investment process that incorporates ESG factors, but does not promote ESG characteristics, and has no specific sustainable investment objective.
As such the Fund is categorized as an Art. 6 product.
For your reference, investment products under SFDR are categorized as per the three below: