Barings International Umbrella Fund (an umbrella fund constituted as an open-ended unit trust established pursuant to the Unit Trusts Act, 1990)
Climate Impact & Sustainability Data (2023-05-01 to 2024-04-30, 2024)
Reporting Period: 2023-05-01 to 2024-04-30
Environmental Metrics
ESG Focus Areas
- Environmental, Social, and Governance (ESG)
Climate Goals & Targets
Environmental Challenges
- Suspension of Barings Eastern Europe Fund due to the conflict in Ukraine and sanctions on Russian assets.
- Restrictions related to a corporate action disclosure event and sanctions preventing the transfer of assets from Barings Developed and Emerging Markets High Yield Bond Fund.
Mitigation Strategies
- Side pocket solution launched for Barings Eastern Europe Fund to re-establish liquidity. Liquid assets transferred to a new fund, leaving impacted Russian assets in a separate liquidation vehicle.
- Financial statements for Barings Developed and Emerging Markets High Yield Bond Fund and Barings Eastern Europe (SP) Fund prepared on a non-going concern basis.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- environmental, social and governance (ESG)
Climate Goals & Targets
Environmental Challenges
- exceptional and adverse market conditions relating to the current situation in Russia and Ukraine, and exposure to Russian equities and depositary receipt securities
Mitigation Strategies
- The merger saw the non-impacted liquid assets of Barings Eastern Europe Fund transferred to the new fund of the Unit Trust.