Sustainability policy
1. Policies on sustainability risks
In compliance with the Sustainable Financial Disclosure Regulation (SFDR), our office takes sustainability risks into account when advising on insurance products with an investment component, to the extent that such information is provided by the insurance company.
The SFDR defines sustainability risks as any environmental (E), social (S), or governance (G) event or circumstance that, if it occurs, could have a material adverse effect—either actual or potential—on the value of the investment.
When advising on insurance products with an investment component, our remuneration policy is designed to avoid encouraging excessive risk-taking related to sustainability risks.
2. Adverse effects of insurance advice on sustainability factors not considered
The SFDR defines sustainability factors as environmental, social, and employment issues, respect for human rights, and efforts to combat corruption and bribery.
At present, the insurance market has not sufficiently evolved for our office to reasonably assess the adverse effects of investment decisions on sustainability factors. As such, our office does not currently factor in the adverse effects of investment decisions on sustainability factors in its insurance advice for policies with an investment component—unless the client explicitly expresses a preference. In such cases, we will consider these factors when evaluating the suitability of the relevant insurance(s).
Our office will continue to review this policy in line with further developments within the insurance market.