Information on remuneration policies regarding the integration of sustainability risks
Transparency of remuneration policies in relation to the integration of sustainability risks (Article 5 of REGULATION (EU) 2019/2088 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 27 November 2019 on sustainability‐related disclosures in the financial services sector – Disclosure Regulation)
Our remuneration system is conducive to an adequate management of sustainability risks. It is designed to avoid incentives for assuming excessive risks. Within the scope of our remuneration system, the interest of the client is accounted for at all times. Hence, there is no incentive to purchase certain assets. Furthermore, no incentives are provided for frequent buying and selling of assets (churning). Overall, the remuneration system is designed to prevent conflicts of interest. This also applies to sustainability risks. Our remuneration system has been set up neutrally, i.e. no incentives are provided to assume or avoid certain sustainability risks.