Information pursuant to Sect. 5 German Telemedia Act (TMG):
FAM Frankfurt Asset Management AG
DE-60329 Frankfurt am Main
+49 (0) 69 244 500 50
Public limited company
FAM Frankfurt Asset Management is represented by the Executive Board Ottmar Wolf and Peter Wiederholt.
FAM Frankfurt Asset Management is licensed to provide financial services in the form of investment brokerage in accordance with section 1 (1a) sentence 2 no. 1 KWG, investment advice in accordance with section 1 (1a) sentence 2 no. 1a KWG, acquisition brokerage in accordance with section 1 (1a) sentence 2 no. 2 KWG, financial portfolio management in accordance with section 1 (1a) sentence 2 no. 3 KWG and proprietary trading in accordance with section 32 (1a) KWG.
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Marie-Curie-Str. 24-28, 60439 Frankfurt, Tel. 0228-41080, www.bafin.de
Chairman of the Supervisory Board:
Contact person for complaints:
Herr Ottmar Wolf
Commercial register number:
Local court Frankfurt am Main
Sales tax identification number according to §27 a German sales tax law:
As a result of extensive ESG regulation, it can be expected that a large majority of investors will increasingly take into account negative externalities caused by companies in their investment processes.
This will make financing more difficult and expensive for those companies causing negative externalities (that do not operate sustainably). Conversely, access to capital for companies that do not cause negative externalities (that operate sustainably) will become easier than it is today.
"Non-sustainable" companies will thus either slowly die out and be replaced by "sustainable companies" or have to change their philosophy/processes/products to be able to operate sustainably. The economy as a whole will become more sustainable as a result.
Companies who do not operate sustainably are in danger of becoming "stranded assets" (= assets whose value converges to zero over time).
98% of the world’s scientific community (Royal Society, National Academy of Sciences, Leopoldina, Frauenhofer Institute) agrees that climate change is happening right now and is caused by us humans. Greenhouse gas emissions from companies are tangible and quantifiable. It is therefore very likely that CO2 emissions will be at the core of climate change politics over the coming years (for example through the introduction of CO2 emission caps, CO2 emission rights trading, etc.). Companies that fail to adjust could become “stranded assets”.
As part of our investment process, we put on "ESG glasses" to identify risks at an early stage and avoid “stranded assets”. Our approach is based on three pillars:
- Exclusion criteria: due to a combination of ethical reasons and a “stranded assets” avoidance strategy, we do not invest in the following industries:
- Controversial Weapons (e.g. cluster bombs, anti-personnel landmines, nuclear weapons, biological and chemical weapons)
- Pornography and prostitution
- Coal (production and/or distribution)
- Greenhouse gas / CO2 emissions: In order to avoid “stranded assets” effectively, our role as investors is to motivate companies to measure, disclose and reduce their greenhouse gas emissions. In case companies fail to comply with this goal, the investment shall be exited and the capital reallocated.
- Corporate Governance / Sustainable Free Cash Flow Generation: Our goal is to invest in companies which are able to generate stable free cash flows on a sustainable basis. For that purpose a good corporate governance is of essence, which is why we explicitly take it into account in our investment process.
We will avoid a negative impact of sustainability risks on our investment returns to the extent that our ESG approach prevents us from investing in “stranded assets”.
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