Birdeye Capital (“Birdeye”) is required to publish certain information on its website under the Regulation 2019/2088 of the European Parliament and of the Council on sustainability‐related disclosures in the financial services sector (the “SFDR”).
Policies on the Integration of Sustainability Risks in the Investment Decision‐Making Process
Birdeye is required to publish information regarding policies on the integration of sustainability risks in the investment decision‐making process. Birdeye manages funds investing in forestland, therefore we focus mainly on managing environmental risks as forestland management has a clear environmental footprint. We value ecological and sustainable forestland management in order to provide long-term value growth. Therefore, forestland management and investment decision making related thereto adhere to FSC and PEFC, both leading ecological and sustainable forestland management standards.
Consideration of Adverse Sustainability Impacts
Birdeye is required to publish information on whether it considers the adverse impacts of investment decisions on sustainability factors (the “PAIs”) under the SFDR. Birdeye does not currently consider the PAIs of investment decisions on sustainability factors in connection with its services, as defined under the SFDR. This is because the GHG emissions, biodiversity, or other impacts, in Birdeye’s view, cannot be systematically, at a reasonable cost with a necessary precision and scientifically quantitatively measure in the context of funds managed by Birdeye. Additionally, the standards setting out the scope of PAIs and the corresponding mandatory reporting template have not yet been adopted by the legislator.
Birdeye intends to keep the consideration of PAIs under review in short to medium term.
Sustainability Risks in Remuneration Policy
Birdeye does not apply a remuneration policy in relation to the integration of sustainability risks.