For over twenty years, Banor has been adopting and developing a value investing strategy, based on a solid and in-depth knowledge of companies, in order to identify high-quality businesses while also assessing their ability to manage and mitigate sustainability-related risks. For Banor, it is crucial to integrate environmental, social, and corporate governance (ESG) criteria into the issuer selection process: only in this way can long-term value be created and a positive impact on society and the environment be promoted.
OUR STRATEGY
ESG APPROACH
Banor complements traditional economic analyses with sustainability considerations, so that environmental, social and governance factors that could negatively impact the value of the investment can be identified and monitored.
As a first step in the investment process, we limit the investable universe by excluding issuers whose activities or practices are considered detrimental for the environment and for human rights. The aim is to avoid investments exposed to high sustainability risks.
Secondly, the investment team adopts a best-in-class approach (also known as positive screening): we select only the companies that overcome a defined ranking hurdle, based on the ESG rating provided by an industry leading ESG data provider.
SFDR DISCLOSURE – BANOR CAPITAL LTD
Banor Capital mission is to generate positive risk adjusted returns with responsibility through fundamental analysis, operational excellence, and by being ESG-proactive. By ESG-proactive we mean the integration of environmental, social and governance (ESG) issues into our investment processes and product development. The SFDR – Sustainable Finance Disclosure Regulation – requires fund managers such as Banor Capital as an Alternative Investment Fund Manager (“AIFM”) to provide information to investors regarding the integration of sustainability risks, the consideration of adverse sustainability impacts, the promotion of environmental or social characteristics, and sustainable investment.
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SFDR DISCLOSURES – JERMYN STREET S.À R.L.
In accordance with Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”), Jermyn Street S.à r.l. provides information on its approach to the integration of sustainability risks, principal adverse impacts, and remuneration policies.
SFDR DISCLOSURES – BANOR SENIOR DEBT
FUNDS PROMOTING ENVIRONMENTAL AND SOCIAL CHARACTERISTICS
Banor Capital is the investment manager of several funds compliant with the Article 8 of the EU regulation 2019/2088 on sustainability reporting in the financial services sector (“SFDR”), as they promote, among other characteristics, environmental or social ones, or a combination of both.
BANOR SICAV EURO BOND
European Bonds
Investment Manager: Francesco Castelli, Head of Fixed Income & Portfolio Manager at Banor
Euro Bond is a bond fund that invests in the European credit market, following a bottom-up approach. It offers an efficient solution for investors seeking exposure to European bonds, providing a balanced relationship between expected returns and risk control. More info →
Through the Banor SICAV Euro Bond Fund, Banor is donating up to 40% of management fees to the Italian Committee for UNICEF ETS Foundation* to support the “Fighting Child Mortality” campaign.
* The Italian Commitee for UNICEF ETS Foundation does not promote any products or services.
BANOR SICAV EUROPEAN DIVIDEND PLUS
European Equities
Investment Manager: Gianmarco Rania, Head of Equities at Banor Capital & Portfolio Manager
Banor SICAV European Dividend Plus is a European equity fund designed for investors seeking medium to long-term exposure to European equity markets, with a focus on the quality and sustainability of dividends, combined with active risk management. More info →
BANOR SICAV MISTRAL L/S EQUITY
Long/short equity European Fund
Advisor: Luca Riboldi, CIO at Banor SIM with 30 years of experience and Angelo Meda, Head of Equities at Banor SIM
Mistral Long Short Equity is a European long/short equity fund with low volatility. It offers a low-net exposure solution that invests in quality companies, capturing opportunities both in rising and falling markets by taking advantage of price dislocations driven by macroeconomic forecasts, company performance, or valuation divergences deemed inconsistent with fundamentals. The Fund’s objective is to generate stable returns over the medium to long term while maintaining controlled volatility. More info →
BANOR SICAV VOLTA EQUITY
Equity long only focusing on the global energy transition
Advisor: Will Smith, co-CIO of Westbeck Capital, asset management company based in London and founded in June 2016
Long-only, high-conviction equity portfolio focused on critical materials, renewables/utility-scale solar, grid infrastructure, and nuclear enablers. More info →
INITIATIVES
CHILDREN’S RIGHTS
Banor’s commitment to UNICEF extends beyond its contribution through the Euro Bond fund. Throughout the year, Banor remains actively engaged in supporting initiatives that uphold children’s rights such as the Advent Calendar in collaboration with Corriere della Sera and the recent campaigns in favour of humanitarian emergencies in Ukraine, Turkey and Syria.
ENVIRONMENT
Since 2019 Banor has chosen to support the non-profit organization Marevivo Onlus, which has been defending the sea and its resources for ever thirty years. Among the most recent actions: the adoption of two beaches, beach and seabed cleaning activities, positioning of signs to raise awareness of respect for the environment.
SPORT
In 2024, for the sixth consecutive year, Banor has renewed its partnership in the world of sailing with ClubSwan Racing and is the main partner of the Swan One Design Nations League circuit.
CULTURE
Banor has been a sponsor of two editions of FILL, the Festival of Italian Literature in London, to spread Italian culture abroad through the organisation of meetings with writers, workshops and readings.