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Carnot Capital AG

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

Other description (1) Impact Investing

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

Carnot Impact Investing addresses the consumption reduction of natural resources. The focus is on products, technologies and services that conserve natural resources or make more efficient use of them as production factors. Concrete fields of application are the topics of energy and natural resources, which in turn are divided into the four elements fire, water, earth and air.

In-depth financial analysis evaluates the return potential and ensures that financial return is a priority. Positive investment returns and positive societal impacts (ESG, sustainability) are compatible.

In addition to a value approach with proven financial analysis, as a supervised "Independent Asset Manager of Collective Investment Schemes" and a specialist in equities an active strategy is used. The value approach based on financial ratios is combined with a sustainability analysis (ESG filter) and extended to become a "blended approach" of an active investor.

The sustainability analysis does not only comprise a negative screening (exclusion lists) but also uses a positive screening (ESG Rating) which is qualitatively deepened several times. Furthermore, external effects are included in the qualitative and quantitative reporting by means of SDG mappings to show and mesure the positive Impact on the SDGs.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

01.6. Additional information [Optional].


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

An internal directive on the rules of conduct for asset management (including fiduciary and due diligence obligations of SFAMA) regulates employee transactions. This instruction applies to all employees and directors of Carnot Capital. Monitoring is the responsibility of the compliance officer.

The most important rules in brief: Insider transactions, front and parallel running and own transactions with collective investment schemes are prohibited. Compliance defines the companies concerned and maintains a "watch list".

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)