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 | 411 to 06/21/2022 | 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 | Objectives | 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 |
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