Nummus Ethics

Nummus Ethics is an Italian ethics label that certifies compliance with the principles of the Catholic Church (Italian Episcopal Conference).

Summary data :

label	ID	Topic	Description	Mode	Enabled	Order
Nummus Ethics	17	Label	Nummus Ethics	t	1	1
Nummus Ethics	17	Nationality	Italian	t	1	3
Nummus Ethics	17	Management	Nummus is directly mandated by CEI as a certifying body for the application of the sustainable and ethical investment guidelines dictated by CEI.	t	1	4
Nummus Ethics	17	Label Type	SRI	t	1	5
Nummus Ethics	17	Website	https://www.nummus.info/	t	1	7
Nummus Ethics	17	Market	Italian	t	1	8
Nummus Ethics	17	Products	155 funds and products as of March 2025	t	1	9
Nummus Ethics	17	Links to funds	https://www.nummus.info/wp-content/uploads/2022/05/Lista-Fondi-Certificati-4.xlsx	t	1	10
Nummus Ethics	17	Periodicity	Certification is valid annually and is renewed following review and consistency with ethical criteria.	t	1	21

Detail data :

label	ID	Topic	Description	Mode	Enabled	Order
Nummus Ethics	17	Description	Nummus is an ethical label linked to the Italian Bishops' Conference; it promotes the principles of Christian ethics and supports clients by analyzing portfolios and eventually issuing certification of compliance with the guidelines expressed by the CEI.	d	1	6
Nummus Ethics	17	Genesis and development	Society established in 2013 as a project of the Italian Bishops' Conference; since 2017 it has been part of an ethics commission to constitute Catholic guidelines for approaching finance. Since October 26, 2020 following the conference: "Presentation and Application of the Guidelines for Sustainable and Ethical Investments," Nummus is recognized as a certifying body and supports clients by analyzing portfolios and eventually issuing certification of compliance with the guidelines expressed by the Italian Bishops' Conference.	d	1	11
Nummus Ethics	17	Goals	The goal of Nummus certification is to assure the consumer that the certified securities in which they are investing conform to the guidelines expressed by the Italian Bishops' Conference. They want to place the principles of Christian ethics (protection of life, human dignity, support of the family, etc.) alongside the 17 goals of the United Nations.	d	1	12
Nummus Ethics	17	Promoters and administrators	The corporate structure promoting the Nummus.Info Spa project is made up of institutional and professional investors who care about ethical finance and the Catholic Church's direction on managing financial resources with ethical criteria of social, environmental responsibility and governance.	d	1	13
Nummus Ethics	17	SRI Approach	To obtain certification, funds will have to meet both inclusive and exclusionary criteria established by the Italian Bishops' Conference within the Guidelines for Responsible Investing. They will therefore have to meet Nummus' requirements for at least 95 percent of Portfolio during the ethical analysis.	d	1	14
Nummus Ethics	17	Mandatory Criteria	The criteria to be met in order to obtain certification are: adopting a best-in-class strategy in the selection of holdings from both a social and environmental point of view, with particular attention to equity criteria; having strict exclusion policies for certain sectors that are not compatible with the directives from the Italian Bishops' Conference (abortion, contraceptives, stem cells, cloning, pornography, corruption, weapons, death penalty, etc.); and adopting engagement strategies aimed at improving the activities implemented by its holdings.	d	1	16
Nummus Ethics	17	Allocation process	Those who wish to obtain certification will, in the first stage, have to provide Nummus with their processes for managing and investing the portfolios or funds under analysis. In the second stage, the compositions of the portfolios in the three months prior to applying for certification will be analyzed, and if found to be at least 95 percent consistent with the ethical principles adopted by Nummus, they will obtain certification.	d	1	20
Nummus Ethics	17	External certification	Each fund or Portfolio obtains certification with reference to the result of the ethical analysis carried out by Nummus, which will continue to monitor its consistency on a monthly basis.	d	1	22
Nummus Ethics	17	Focus on transparency	In order to proceed with Nummus' ethical analysis, it will be necessary to break down Portfolio and those investments that have an underlying (ETFs, Funds, UCITS), the ethical filter within the sustainable research database will then be implemented to sanction the compatibility of all elements under analysis.	d	1	23
Nummus Ethics	17	Focus on periodic checks	Certification is valid annually following which a formal general review is conducted, but Nummus, in each case, analyzes and monitors quarterly the consistency of portfolios and funds with its ethical criteria.	d	1	24
Nummus Ethics	17	Related parties	Nummus actively dialogues with the Italian Bishops' Conference to establish ethical criteria and uses leading ESG data providers to perform its monitoring activities.	d	1	25

How to read table data :

ISIN: is the identification code most commonly used to identify funds, ETFs and other financial instruments
Fund: by clicking, you will be able to view the simplified fund fact sheet
Currency : is the currency in which the fund is denominated
Esgap: "ESG Adjusted Performance." It is a proprietary measure of MCSR that allows a summary evaluation of funds considering the quality of the sustainable investment process, continuity, and measurement of performance and risk parameters. The maximum value is 18 points.
MCSRIntensity: This is a proprietary measure of MCSR that summarizes assessments of the quality of the sustainable investment process. Funds rated 5 have an excellent investment process in ESG instruments. Funds with lower scores are still preferable to funds that do not engage in positive finance.
Average Intensity: This is the average of ESG intensity ratings related to individual parameters
SFDR: This is the European regulation that commits Society management to declare whether the fund also considers ESG aspects (Article 8) or whether ESG aspects are prioritized over financial aspects (Article 9)
Performance: Measures the fund's performance continuity (expressed in euros) over three different time periods with a scale from 1 to 5. Funds rated 5 are excellent in performance.
Risk: Measures the continuity of risk taken by the fund in terms of volatility over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent at controlling risk.
Cost: This is the aggregate cost of the fund on an annual basis. In Portfolio it is the aggregate cost of all its component instruments.
SRRI: This is the legal parameter that defines the measure of risk that the fund should maintain over time. The scale ranges from 1 (lowest risk) to 7 (highest risk)
Performance 6 months / 1 year / 3 years: performance expressed in euros over the past 6 months / 12 months / 36 months
Classification: either the market in which the fund invests or the management objective, depending on the context
Instrument: Indicates whether the financial instrument is a fund, ETF or fund of funds
Type: Indicates whether the fund's Portfolio and investment policy is predominantly equity, bond, whether it balances the two components, or whether the manager is free to vary the extent and risk
Theme : when a fund is "thematic," it means that it specializes in managing in a specific investment area.
Environment: is the assessment of ESG intensity related to Environmental aspects
Good Governance is the assessment of ESG intensity related to aspects of good governance
Society is the assessment of ESG intensity related to aspects of Society
Transparency is the assessment of the intensity with which Society management is transparent in its ESG content
Processes is the assessment of the intensity with which Society management is qualified in its ESG processes