TEIPF classified as ‘Article 8’ under SFDR
Following the Regulation (EU) 2019/2088 of the European Parliament and of the Council on sustainability-related disclosures in the financial services sector (the “SFDR”) which was published on 27 November 2019, asset managers are required to classify their investment products according to the level of sustainability and to adjust related documentation and reporting accordingly.
The SFDR aims to provide greater transparency to investors addressing the following issues:
(i) how sustainability risks are integrated within the management of a Fund; and (ii) environmental / social characteristics or sustainable investment objectives promoted by a Fund
Specific categories of sustainable classification aim to help investors to get a better guidance in terms of the level of sustainability of their investments:
• Article 9 is suitable for funds that have a sustainable investment objective (with a strong ESG focus);
• Article 8 is suitable for funds which promote, amongst other characteristics, environmental or social characteristics (with some degree of ESG focus);
• Article 6 is suitable for those products which do not fall into either Article 8 or 9 (with no ESG focus).
After careful consideration and analysis of each of the available categories, Telios Investments S.à r.l. is pleased to inform our investors that Telios European Infrastructure Parching Fund of the Telios Fund SICAV-RAIF SCSp has been classified as ‘Article 8’ under the new Sustainable Finance Disclosure Regulation (SFDR), which means the fund promotes ESG investments.
The fund’s documentation has been amended accordingly to reflect this change with an effect from September 2021.