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Responsible Investing
PYN Elite considers responsible practices to be a crucial element in our pursuit of the best possible investment returns.
We incorporate the principles of responsible investing and sustainability factors into our investment activities, as these can positively impact the long-term return potential of our investments. Sustainability factors encompass environmental, social, and governance (ESG) issues, respect for human rights, and the prevention of corruption and bribery. We consider responsible practices to be a prerequisite for sustainable value growth and a crucial element in our pursuit of the best possible investment returns.
When making investment decisions, we take sustainability risks into account through an internal checklist and process. In Vietnam, where readily available ESG data is limited, our analysts play a pivotal role in gathering information. PYN Elite evaluates target companies not only based on their profit potential but also from a sustainability perspective. This involves assessing the company’s governance, environmental impact, and its approach to social and societal responsibilities.
PYN Elite has also integrated sustainability goals into its fee policy, ensuring that compensation is never based on actions contrary to sustainable development principles.
The PYN Elite Fund operates in compliance with SFDR Article 6, meaning it does not actively promote environmental or social characteristics, or a combination of these, as is done by SFDR Article 8-compliant funds.
PYN Elite is classified as an entity under SFDR Article 4(1)(b), meaning it does not consider the adverse impacts of its investment decisions on sustainability factors. Currently, there is insufficient reliable data available regarding the necessary reporting metrics based on SFDR and its accompanying technical regulatory standard for the major market of the fund, Vietnamese stock companies. Therefore, taking into account principal adverse impacts in the fund’s investment decisions is, in our view, practically impossible given the current regulations and Vietnam’s level of development.