We stand for strict, clear criteria in the classification of our certificates. Whether a certificate is sustainable or not according to this set of rules is determined by means of an exclusion procedure. The essential factors are:
Underlying - Is the index or share(s) sustainable?
Product type - Is the certificate an investment product? (in the sense of the classification of Zertifikate Forum Austria)
This means that only investment products with a sustainable underlying are considered environmentally and socially compatible in the sense of ESG (Environment, Social, Governance). For index underlyings, for example, we work with the renowned index calculator MSCI. For the selection of individual stocks, we rely on ESG analyses by Raiffeisen Research. Exclusion criteria are used to exclude companies or countries from the investment universe because they manufacture certain products, do not meet certain social, ecological or political criteria or violate international norms and standards. In addition, the Sustainability Code of the Zertifikate Forum Austria is applied
Sustainability standard for Raiffeisen certificates as PDF:
You can find the summary of our sustainability standard in our information brochure.
Sustainability Code of the
Investment products with sustainable indices as underlyings fully take into account the exclusion criteria according to the sustainability standard for Raiffeisen certificates, including Principal Adverse Impacts (PAIs). For further information, please refer to the information brochure (PDF) or to Criteria, Principles, Ratings.
The following sustainability indices are used for sustainable Raiffeisen certificates:
|worldwide||MSCI® World Top ESG Select 4.5% Decrement||Certificates →|
|Europe||MSCI® Europe Top ESG Select 4.5% Decrement||Certificates →|
|North America||MSCI® North America Top ESG Select 4.5% Decrement||Certificates →|
|Emerging markets||MSCI® Emerging Markets Top ESG Select 5% Decrement||Certificates →|
|worldwide||MSCI® World Climate Change Top ESG Select 4.5% Decrement||→ Index-Guide||Certificates →|
|Germany||DAX® 50 ESG (PR) EUR||→ Index-Guide||Certificates →|
As a pioneer in the field of structured products, Raiffeisen recognised the trend towards sustainable financial products early on and played a significant role in shaping it. As early as 2005, Raiffeisen issued index certificates with a sustainability reference and in 2014 launched a special certificate series to make the topic of sustainability investable for investors simply and with capital protection. The demand for sustainable Raiffeisen certificates has been growing rapidly ever since. The outstanding volume invested in certificates has more than quadrupled since 2018.
Austrian Eco-label for Raiffeisen Certificates
In April 2022, Raiffeisen (formerly Raiffeisen Centrobank AG) was awarded the Austrian Eco-label by Federal Minister Eleonore Gewessler. As an independent seal of quality with a high level of credibility and very high recognition value, the Austrian Eco-label certifies ethically oriented projects and companies in the financial sector that generate profits through sustainable investments. to the press release →
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/basag.