Ethos was appointed as Sustainability Advisor for the new sustainability product of the Cantonal Banks of Basel and Lucerne
The Cantonal Banks of Basel and Lucerne are launching the new sustainability product «BKB/LUKB – Ethos Sustainable Tracker». Ethos was retained as advisor for the sustainability ratings and for the exercise of the shareholders’ voting rights.
The BKB/LUKB – Ethos Sustainable Tracker is a share basket including 20 Swiss Caps belonging to the segment of small and mid sized capitalisations. The Tracker contains shares from the investment universe of Ethos, which at issuance, are required to be rated by Ethos «A+ (Pioneer)» or «A- (Proactive)». These ratings are developed by Ethos in cooperation with the advisor Centre Info. The definitive selection of the securities is made by Basler Kantonalbank.
The voting rights of the shares included in the basket are actively exercised in accordance with Ethos’ voting guidelines. Also, the issuer commits to refrain from lending the securities of the basket and the certificate holders will annually receive 100% of the dividends distributed by the companies.