SUSTAINABILITY IMPACT REQUIREMENTS DISCLOSURE STATEMENT

Acorn Life DAC is a financial market participant which provides Protection, Savings, Pensions and Investment products specifically designed for the Irish market. As a financial market participant Acorn Life DAC is required to make certain disclosures under Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector (SFDR).

THE INTEGRATION OF SUSTAINABILITY RISKS IN ACORN LIFE DAC'S INVESTMENT DECISION - MAKING PROCESS

Acorn Life DAC does not have a policy on the integration of sustainability risks in the investment decision making process. This is because we outsource the fund management of our investment funds.

HSBC Global Asset Management (“HSBC”) and Mercer Global Investments Europe Limited (“Mercer”), to which we outsource the fund management of our investment funds (other than the Deposit Fund), have made disclosures in relation to the SFDR available on their websites.

Acorn Life DAC's financial advisors (including tied-insurance intermediaries) do not currently integrate sustainability risks into their insurance advice as the only insurance products they may offer are those provided by Acorn Life DAC.

CONSIDERATION OF ADVERSE IMPACTS OF INVESTMENT DECISIONS ON SUSTAINABILITY FACTORS

Acorn Life DAC outsources the fund management of our investments (other than the Deposit Fund) to HSBC and Mercer. In this regard Principle Adverse Impacts of investment decisions on sustainability factors are considered by HSBC and Mercer.

HSBC and Mercer have both developed their own sustainable investment framework that is automatically applied to all our funds under their management. Both HSBC and Mercer have published their policies on Responsible Investment and have made statements on the identification and prioritisation of Principle Adverse Impacts and the corresponding indicators on their websites.  

CONSIDERATION OF ADVERSE IMPACTS OF INSURANCE ADVICE ON SUSTAINABILITY FACTORS

Acorn Life DAC’s financial advisers (including tied insurance intermediaries) consider the impact of investment decisions on sustainability factors in their financial advice as the only products they may offer investors are those provided by Acorn Life DAC.

REMUNERATION POLICIES

Acorn Life DAC's Remuneration Policy, is consistent with the integration of sustainability risks including regular evaluation of whether the remuneration architecture does not encourage any inappropriate risk taking.

Acorn Life DAC's Agency Remuneration Policy (for our tied-insurance intermediaries) is consistent with the integration of sustainability risks including regular evaluation of whether the remuneration architecture does not encourage any inappropriate risk taking.

UPDATES TO DISCLOSURES

This disclosure document was updated and amended on the 3rd of August 2022. This update occurred to reflect that Principle Adverse Impacts of investment decisions on sustainability factors are considered.