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European regulation

Van Lanschot Kempen has been in business since 1737. Our longstanding experience serves as a guide in the way we aim to preserve and generate wealth in a sustainable manner to the benefit of our clients and broader society as underpinned by the following tenets:

  • Sustainable societies are a necessity to realise our mission of preserving and creating wealth for the long term.
  • Through the preservation and creation of wealth in a sustainable manner, we can contribute to creating and maintaining such sustainable societies.
  • Sustainability is also relevant for our clients as the wealth that we build or preserve for them today, will only retain its real value in a sustainable future world.

It is for these three reasons that we – as a sustainable wealth manager – embed sustainability risks and opportunities as much as we can in everything we do.

European ambitions

Acting on climate change, its related environmental consequences together with the desire to provide a strong social base for all, is increasingly coming to the fore. Against that background, the European Union (EU) in 2018 laid the foundations for its Action Plan ‘Financing Sustainable Growth’, underpinning Europe’s goal to become climate neutral by 2050.

Important ambition areas of the EU are to ‘reorient capital flows towards sustainable investment, in order to achieve sustainable and inclusive growthand to mainstream sustainability into risk management (European Commission, 8 March 2018, Action Plan: Financing Sustainable Growth).

To facilitate progress in these areas, the EU introduced a set of legislative initiatives, including i.a. the EU Taxonomy Regulation and the EU Sustainable Finance Disclosure Regulation.

Greater transparency on sustainable investments

  • The EU Taxonomy Regulation (EU 2018/0178, Taxonomy Regulation) is about introducing harmonised criteria to determine whether an economic activity is environmentally sustainable. The goal is for investors to better understand the degree and proportion of environmental sustainability in their investments. The Taxonomy Regulation will partly enter into effect as of 1 January 2022.
  • The EU Sustainable Finance Disclosure Regulation (EU 2019/2088SFDR) on the other hand is set up to provide better transparency on sustainability risk, adverse sustainability impacts and other sustainability-related information to end clients of financial intermediaries. The SFDR enters into force as of 10 March 2021.

Van Lanschot Kempen, acting as a financial market participant and as a financial advisor, and its legal entities Kempen Capital Management and Van Lanschot Kempen Wealth Management are subject to this regulation.

Our approach

In this section we describe our approach as required by articles 3 through 6 of the EU Sustainable Finance Disclosure Regulation (EU 2019/2088 SFDR). We will update this communication periodically, along with new and upcoming legal requirements for SFDR and EU Taxonomy Regulation.

Below you can read the full document or opt for a specific article.

Our sustainability risk policies (article 3)

In this section, we describe our policies on the integration of sustainability risks in our investment decision‐making process, and in our investment advice.

How we manage principle sustainability impacts (article 4)

Within Van Lanschot Kempen and Kempen, we consider principal adverse impacts of investment decisions on sustainability factors. We have extensive screening policies in place and manage adverse impacts.

Remuneration policy and sustainability risks (article 5)

Our remuneration policy for investment professionals and other senior executives already seeks to align their financial incentives with the long-term interests of our clients (asset owners) and the long-term success of our own organisation. Our remuneration policy also promotes a sound and effective risk management culture that protects the value of the investment portfolios.

How we integrate sustainability risks (article 6)

In our investment decisions we take sustainability risks into account by applying various ESG approaches. Consequently, we believe we are better able to manage sustainability risks and potential or actual adverse impacts on the value of our investments.