Announcement via the Internet: LA FRANÇAISE GLOBAL COCO sub-fund of the La Française SICAV EN > UAE
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In order to comply with Regulation (EU) 2020/852 referred to as “Taxonomy”, we hereby inform you that the management company has decided to amend the prospectus of the LA FRANÇAISE GLOBAL COCO sub-fund of the La Française SICAV by adding the following statement:
“The objective of the European Union Taxonomy is to identify economic activities considered to be sustainable from an environmental perspective. The taxonomy identifies these activities according to their contribution to six major environmental objectives:
- Climate change mitigation;
- Climate change adaptation;
- The sustainable use and protection of water and marine resources;
- Transition to a circular economy (waste, prevention and recycling);
- Pollution prevention and control;
- The protection and restoration of biodiversity and ecosystems.
At present, technical screening criteria have been developed for certain economic activities capable of contributing substantially to the following two objectives: climate change mitigation and climate change adaptation. These criteria are currently awaiting publication in the Official Journal of the European Union. The data presented below therefore only reflects the alignment with these two objectives, based on the criteria that has not been definitely adopted, as submitted to the EU co-legislators. We will update this information in the event of any changes to these criteria, the development of new review criteria relating to these two objectives, and when the criteria relating to the other four environmental objectives comes into force: the sustainable use and protection of water and marine resources; the transition to a circular economy; pollution prevention and control; protection and restoration of biodiversity and ecosystems.
In order to be considered sustainable, an economic activity must demonstrate that it contributes substantially to the achievement of one of the six objectives, while not harming any of the other five (a principle known as DNSH, "Do No Significant Harm").
For an activity to be considered aligned with the European Taxonomy, it must also respect human and social rights guaranteed by international law.
The Fund does not currently make any commitment with regard to aligning its activity with the European Taxonomy.
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