What does RIAA mean by the phrase “binding criteria” in its Sustainability Classifications methodology?
The term “binding criteria” refers to criteria that are included in formal, publicly disclosed, legal documentation for a product, such as one or more of:
- Information Memorandum,
- Responsible Investment Charter (or equivalent)
- Statement of Investment Policy and Objectives
- Product Disclosure Statement
- Pitch Book
- Other (equivalent to the above)
The use of the phrase “binding criteria” does not prescribe a position on allowable exceptions to the stated criteria. The reliability of a product’s responsible investment claim is assessed against the Responsible Investment Standard during the product’s preceding certification assessment.
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What does RIAA mean by the phrase “binding criteria” in its Sustainability Classifications methodology?
The term “binding criteria” refers to criteria that are included in formal, publicly disclosed, legal documentation for a product, such as one or more of:
- Information Memorandum,
- Responsible Investment Charter (or equivalent)
- Statement of Investment Policy and Objectives
- Product Disclosure Statement
- Pitch Book
- Other (equivalent to the above)
The use of the phrase “binding criteria” does not prescribe a position on allowable exceptions to the stated criteria. The reliability of a product’s responsible investment claim is assessed against the Responsible Investment Standard during the product’s preceding certification assessment.
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