In the context of Article 2 section 22 of the EU disclosure ordinance 219/2088, a “sustainability risk” means an event or a condition in the domains of environment, social, or corporate governance whose occurrence could actually or potentially have a negative impact on the value of the investment.

These effects can have an impact on the assets as well as the financial and income situation of the funds administered by IFM Independent Fund Management AG and on the reputation of IFM Independent Fund Management AG. 

The sustainability risks can have a significant impact on all known risk types (market risk, liquidity risk and operational risk) and contribute as a factor to the materiality of these risk types. Companies

in which investments are made may be exposed to the physical risks of climate change, such as temperature fluctuations, rises of sea level, etc.