SFDR & Sustainability related Disclosures
A. Entity-level Website Disclosures
Regulation (EU) 2019/2088 of 27th November 2019 on sustainability-related disclosures in the financial services sector, as amended (“SFDR”) governs the transparency requirements regarding the integration of sustainability risks into investment decisions, the examination of adverse impacts on sustainability and the disclosure of Environmental, Social and Governance (“ESG”) and sustainability-related information with respect to financial products.
CISCO provides the investment services of Portfolio Management and Investment Advice, therefore it falls under the definitions of both a Financial Market Participant and a Financial Adviser, respectively, as per the SFDR, and as such, it has the relevant obligations set forth in this notification.
Portfolio Management
CISCO does not currently apply a dedicated ESG or sustainability investment strategy as part of its portfolio management investment decision-making process. Investments are selected on the basis of the applicable investment objectives, strategy and financial risk and return considerations.
CISCO's portfolios may include investments in UCITS, ETFs or other financial instruments which are themselves classified or disclosed by their respective manufacturers as promoting environmental or social characteristics under Article 8 of SFDR. The inclusion of such instruments does not result from a CISCO objective to promote environmental or social characteristics and does not, by itself, constitute a sustainability objective or strategy of the relevant CISCO portfolio.
Investment Advice
CISCO does not currently apply a dedicated ESG or sustainability investment strategy to the financial instruments considered within its investment advice. Sustainability-related characteristics of individual financial instruments do not, by themselves, constitute a sustainability objective or strategy of CISCO.
Moreover, the Company does not, as things stand, take into account the EU classification criteria under the Taxonomy Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investments, in terms of the investment services it offers.
CISCO is integrating sustainability risks into its remuneration framework in alignment with the group’s broader approach. The remuneration policy promotes sound and effective risk management, in line with the Group’s ESG and climate strategy and does not encourage excessive risk taking that exceeds the level of risk tolerated by the Group. Remuneration structure typically consists of fixed plus variable pay. Fixed remuneration does not embed any ESG incentive considerations. Variable remuneration is based on a combination of the performance of the employee, the overall performance of the business and the Group’s consolidated financial results.
CISCO, taking account of its size and the nature, complexity and scope of the activities it offers and the types of financial products that the Company advises on, does not currently consider any negative impacts of investment decisions on sustainability factors. The Company will keep its decision not to consider PAIs of investment decisions under regular review and will formally re-evaluate the decision at least annually.
Should CISCO reassess its consideration in regard to adverse impacts in the future, or if there are any updates in relation to products offered by the Company that may fall under Article 8 and/or Article 9 of the SFDR, then this notification shall be updated accordingly.
B. Entity-level PAI Disclosures
No consideration of adverse impacts of investment decisions on sustainability factors
CISCO, in its capacity as a Financial Market Participant, and taking account of its size and the nature, complexity and scope of the activities, it offers, does not currently consider principal adverse impacts of investment decisions on sustainability factors in the manner prescribed by Article 4 of Regulation (EU) 2019/2088 (the Regulation on Sustainability Related Disclosures in the Financial Services (“SFDR”)).
Although CISCO takes sustainability and ESG very seriously, it is noted that some of its investment strategies cannot currently support the adoption of the adverse impacts' regime within SFDR, given that these strategies involve mainly investing in mutual funds, where it is often not possible to conduct detailed diligence on the principal adverse impact of our investments on sustainability factors.
The Company will keep its decision not to consider PAIs of investment decisions under regular review and will formally re-evaluate the decision at least annually. Should CISCO reassess its consideration in regard to adverse impacts in the future, this notification shall be updated accordingly, in line with Article 12 of Commission Delegated Regulation (EU) 2022/1288.
06/11/2026
No consideration of adverse impacts of investment advice on sustainability factors
CISCO, in its capacity as a Financial Adviser, and taking account of its size and the nature, complexity and scope of the activities it offers and the types of financial products that the Company advises on, does not currently consider principal adverse impacts of investment decisions on sustainability factors in its investment advice in the manner prescribed by Article 4 of Regulation (EU) 2019/2088 (the Regulation on Sustainability Related Disclosures in the Financial Services (“SFDR”)).
Although CISCO takes sustainability and ESG very seriously, it is noted that some of the investment strategies it advises on cannot currently support the adoption of the adverse impacts' regime within SFDR, given that these strategies involve mainly investing in mutual funds, where it is often not possible to conduct detailed diligence on the principal adverse impact of our investment advice on sustainability factors.
The Company will keep its decision not to consider PAIs of investment decisions under regular review and will formally re-evaluate the decision at least annually. Should CISCO reassess its consideration in regards to adverse impacts in the future, this notification shall be updated accordingly, in line with Article 13 of Commission Delegated Regulation (EU) 2022/1288.
06/11/ 2026