Investor Presentaiton
ESM AS AN INVESTOR
Asset class distribution of investments
(in %)
11.3
The ESM is a significant investor in SSA space
46.1
11.9
✓
✓
Unlike other peers, the ESM is not allowed to on-lend its paid-in capital.
With €80.5bn paid in capital, highest capitalised IFI globally
18.1
✓ We invest in highly secured liquid fixed income assets rated "A" and above.
Public
Sovereign
Sub-sovereign/
government-
related agency
12.6
Supranational
Covered bonds
Eurosystem
Ratings distribution of investments
(in %)
1.2
1.8
6.0
8.8
4.3
30.3
47.6
Eurosystem central banks and
Bank for International Settlements
AAA
AA
AA+
AA- A+ ■ A
Source: ESM Annual Report 2021
ESM as a sustainable and responsible investor - ESG
The ESM is currently building a responsible investment framework to assess the
alignment of issuers with ESG criteria.
✓ Of our investments, €7.7bn are split between green, social and sustainability bonds (in.
addition to €0.3bn invested in pandemic bonds).
□ PRI membership
In February 2020 the ESM became signatory of United Nations Principles for Responsible
Investments.
✓ As a PRI signatory, the ESM will include ESG criteria within its investment processes.
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