Sustainability Risks Disclosure

Pursuant to Art. 165 paragraph 1 letter h-bis of the Intermediaries Regulation, in the selection process of financial instruments covered by the investment advisory service, Marco Terrone integrates an assessment regarding environmental, social, and governance (ESG) sustainability factors, in order to ensure that products and instruments are only recommended to clients who express sustainability preferences compatible with the characteristics of the instruments themselves.

Since the advice provided by Marco Terrone concerns the financial portfolio as a whole, the assessment of sustainability factors is carried out at the portfolio level. This means that, as a whole, the portfolio must be aligned with the client's sustainability preferences, although it is possible that, for reasons of risk management or achieving client objectives, some individual instruments used might not be aligned with the client's preferences.

The assessment of environmental, social, and governance sustainability characteristics is carried out depending on the type of instrument/product according to the information declared by the issuer under current regulations or using external evaluation models (ratings) and/or internal analyses.