With the OeKB Sustainability Fund Index (OeSFX), investors and fund managers can now compare their daily fund performance to that of the universe of environmentally and socially responsible, sustainable stock funds listed in Austria.
Criteria
Funds are eligible for inclusion in the index if, based on their investment policy, they invest in companies, whose environmental or ethical/social practices are particularly responsible. Investment in the nuclear and other arms industries and in the arms trade must be excluded as well as the investment in the generation of nuclear energy, in nuclear power plants and in the production of essential components that clearly can be used only for these purposes.
In the case of participating interests in companies, the activities in these industries must not constitute more than 5% of the total assets of the respective company.
Funds are excluded if they do not require their holdings to respect internationally recognised social responsibility standards such as the labour and human rights declarations of the International Labour Organisation or the United Nations.
The OeSFX was awarded the TRIGOS in 2005.