The Sustainable Finance Disclosure Regulation (”SFDR” or “the Regulation”) applies from 10 March 2021. This Principal Adverse Sustainability Impacts Statement specifically addresses the obligation in Articles 4(1)(b) and 4(5)(b) of the Regulation which requires financial market participants and financial advisers respectively to publish and maintain on their websites:
“[in the case of financial market participants] where they do not consider adverse impacts of investment decisions on sustainability factors, clear reasons for why they do not, including, where relevant, information as to whether and when they intend to consider such adverse impacts…[and, in the case of financial advisers]…information as to why they do not to consider adverse impacts of investment decisions on sustainability factors in their investment advice or insurance advice, and, where relevant, including information as to whether and when they intend to consider such adverse impacts”
“Sustainability Factors” are defined in Article 2(24) of the Regulation as: “environmental, social and employee matters, respect for human rights, anti‐corruption and anti‐bribery matters”.
Wilshire does not currently consider the adverse impacts of its investment decisions on sustainability factors.
Given the nature of Wilshire’s business generally, Wilshire does not currently consider adverse impacts on Sustainability Factors with respect to any of its products that fall within the Regulation. Given the obligations contained in the Regulations (including the technical methodologies and data capture requirements this would reasonably entail) compliance with the Regulations is not assured among the different portfolio managers that many of the Wilshire products will invest with. As such, there is no assurance that Wilshire will have access to clear, comparable and consistent data with which to report on principal adverse impacts of investment decisions on Sustainability Factors. This decision will, however, be kept under regular review.
as of December 12, 2022
Wilshire has been applying highly tested theories and approaches to our client solutions since 1981.
Our clients rely on us to improve investment outcomes for a better future.