Our social and ecological responsibility
Climate change is transforming the economy and society. Solutions emerge when many are involved. Financial decisions also offer leverage.
We are aware of our social and ecological responsibility. That is why we design some of our capital protection and partial protection certificates with sustainability in mind. These products are assessed according to clear, objective criteria.
Our sustainability strategy for sustainable investment products focuses on avoiding material adverse impacts (Principal Adverse Impacts - PAI) on the environment, social issues and corporate governance.
Our sustainability strategy
Our sustainability strategy for sustainable investment products focuses on avoiding material adverse impacts
(Principal Adverse Impacts – PAI) on the environment, society and corporate governance.
In our annual sustainability report, we show how projects have a positive impact on the environment and society - for example through CO₂ savings. More information
We have committed ourselves to the UN Global Compact and the PRI (Principle of Responsible Investments) standards. Information from specialised sustainability rating agencies (ISS ESG, Sustainalytics or Moody's ESG Solutions) is included in our selection process. More information
Our sustainable products
May it be sustainable? Look out for 
-labelled products in our current subscription overview (primary market) or the top picks, a selection of interesting secondary market products.
Please note: Investing in securities is associated with opportunities and risks.
Leveraged products are generally categorised as non-sustainable because they typically have a short term and do not serve any medium or long-term investment objectives. Investment products that specifically profit from falling prices (reverse or short certificates) are also considered non-sustainable. See product classification of Zertifikate Forum Austria
Our -methodology in detail
All of our sustainable investment products are considered PAI products. The aim is not to violate key sustainability criteria.
There are 14 indicators in total, which are divided into 5 categories. We consider at least six sustainability indicators, including each of the following:
- one indicator from the area of greenhouse gas emissions/environment
- one indicator from the area of social affairs and employment
Climate & Environment categories
 | Greenhouse gas emissions |  | Water conservation and consumption |
 | Species diversity (biodiversity) |  | Waste avoidance |
Categories from the area of social affairs, labour and human rights
 | Social, labour and human rights issues, including corruption and bribery |
You can find out which categories we take into account for a specific product on the product detail page.
-investment products: Stocks and stock indices as underlyings
We apply a clear selection strategy for certificates with shares or share indices as underlyings. For example, best-in-class approaches or minimum ESG ratings from recognised ESG rating agencies are used.
 | Commodities (agricultural commodities and other commodities) are excluded as underlyings |
Excluded are companies that ...
 | ... generate 5% or more of turnover from nuclear power. |
 | ... generate 5% or more of sales from conventional oil or gas production or from coal-fired power generation. ... generate revenue from the unconventional extraction of oil and gas or from coal production. |
 | ... generate 5% or more of their turnover from defence equipment, including military weapons or small arms. ... generate revenue from outlawed and controversial weapons1 or nuclear weapons. |
 | ... generate revenue from tobacco production.2 |
 | ... violate human rights and in particular the UN Global Compact Principles or OECD Principles of Corporate Governance. |
1 Weapons covered by the Ottawa Convention (anti-personnel mines), the Oslo Convention (cluster munitions) and the UN Conventions on biological (B-weapons) and chemical weapons (C-weapons)
2 Sales only from production, but not distribution.
The following indices with sustainability relevance are used for sustainable Raiffeisen Certificates:
Index | Composition (as of March 2025) | Region | Investment products | |
| MSCI® World Climate Change Top ESG Select 4.5% Decrement | over 220 shares | global | Certificates → | |
| MSCI® World Top ESG Select 4.5% Decrement | over 380 shares | global | Certificates → | |
| MSCI® Europe Top ESG Select 4.5% Decrement | over 100 shares | Europe | Certificates → | |
| MSCI® Emerging Markets Top ESG Select 5% Decrement | over 330 shares | emerging markets | Certificates → | |
| MSCI® North America Top ESG Select 4.5% Decrement | over 190 shares | North America | Certificates → | |
| MSCI® AC Asia Pacific Top ESG Select 5% Decrement | over 370 shares | Asia-Pacific | ||
| MSCI® World ESG Select Dividend 50 | 50 shares | global | Certificates → | |
| DAX® 50 ESG (PR) EUR | 50 companies | Germany | Certificates → |
Raiffeisen certificates with sustainable indices as underlying fully take into account the exclusion criteria according to the sustainability standard for Raiffeisen certificates.
Other investment products
Other ESG investment products that take into account material adverse impacts on sustainability (PAI), such as green or social bonds, can be found on the RBI website under Green bonds.
In addition to international standards, we also ensure compliance with the Sustainability Code of the Certificates Forum Austria (ZFA) - that goes without saying. (The document is available in German.)
Any more questions?
LEGAL NOTICE
Sustainable Raiffeisen Certificates take into account the main adverse effects on sustainability factors (PAI) according to Art. 2 No. 7 lit. c) MiFID II-DVO, (EU) 2021/1253. However, these are not financial products within the meaning of Regulation (EU) 2019/2088. This is advertising which does not constitute investment advice, an offer, a recommendation or an invitation to make an offer. Comprehensive information on the financial instrument and its opportunities and risks - see approved (base) prospectus (including any supplements), published at raiffeisenzertifikate.at/securitiesprospectuses. Additional information also in the basic information sheet and under "Customer information and regulatory matters" raiffeisenzertifikate.at/customer-information. The approval of the prospectus is not to be understood as an endorsement of this financial instrument by the authority (FMA). You are about to acquire a product that is not simple and may be difficult to understand. We recommend that you read the prospectus before making an investment decision. When purchasing the financial instrument, the investor bears the credit risk of Raiffeisen Bank International AG (RBI). The certificate is subject to special regulations which may already have an adverse effect in the event of a probable default of RBI (e.g. suspension of interest payments) - see raiffeisenzertifikate.at/bail-in
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