AmazonScience/document-haystack

1economic activities covered by the Delegated Regulation (EU) 2023/2485. We intend in the 2future to comply with these additional disclosure requirements. 3However, due to unavailability of relevant data at the time of publication of this Annual 4Report, we were not able to disclose Taxonomy-eligibility and Taxonomy-non-eligibility of our 5investments relating to the four non-climate objectives of the Taxonomy Regulation.6Further, we report as not applicable (“N/A”) the breakdown of the numerator of our key 7performance indicator relating to the four non-climate objectives of the Taxonomy Regulation 8to be disclosed according to Annex IV Delegated Regulation because we do not have to report 9Taxonomy-alignment pursuant to Article 10 (7) Delegated Regulation in this Annual Report.10Due to the lack of clarity on whether relevant data at the time of publication of this Annual 11Report includes data on the additional economic activities under the Delegated Regulation 12(EU) 2023/2485, we cannot confirm whether the disclosure of Taxonomy-eligibility and 13Taxonomy-non-eligibility of our investments includes such additional economic activities.14On 21 December 2023, the European Commission published a Draft Commission Notice 15addressed to financial undertakings aiming to provide further guidance about the reporting of 16their KPI under Article 8 Taxonomy Regulation (“Commission Notice”). The Commission 17Notice has been approved in principle but has not formally been adopted. To the extent we 18have been able to evaluate the Commission Notice in the limited time available, we have 19nevertheless sought to comply with it in respect to our Article 8 Taxonomy Regulation 20disclosure in this Annual Report. We will complete our analysis in due course for the purposes 21of future disclosures.22Our KPI23 24The weighted average value of all the investments that 25are directed at funding, or are associated with 26taxonomy-aligned economic activities relative to the 27value of total assets covered by the KPI, with following 28weights for investments in undertakings per below:29130The weighted average value of all the investments that 31are directed at funding, or are associated with 32taxonomy-aligned economic activities, with following 33weights for investments in undertakings per below:34135Turnover-based in % 0.8 Turnover-based in € m. 6,20136CapEx-based in % 1.6 CapEx-based in € m. 12,05737 38The percentage of assets covered by the KPI relative to 39total investments (total AuM). Excluding investments in 40sovereign entities:411,242The monetary value of assets covered by the KPI. 43Excluding investments in sovereign entities.44145Coverage ratio in % 85.0 Coverage in € m. 734,38246147 Based on actuals and the Group’s AuM as defined for the purpose of Article 8 Taxonomy Regulation disclosure. 48Excluding investments in central governments, central banks and supranational issuers.49250 Based on actuals and the Group’s AuM as defined for the purpose of Article 8 Taxonomy Regulation disclosure.51Qualitative Disclosures52The KPI reporting for financial undertakings is to be accompanied by the qualitative 53disclosure provisions contained in Annex XI of the Delegated Regulation to support the 54financial undertakings’ explanations and markets’ understanding of the reported KPI.55Contextual Information in Support of the Quantitative Indicators, on 56the Scope of Assets, Data Sources and Limitations57We display our KPI without providing the complementary information to be provided 58according to Annex IV Delegated Regulation in this management summary. We provide the 59KPI as well as the complementary information according to Annex IV Delegated Regulation in 60the ‘Supplementary Information – Full Disclosures in Accordance with Article 8 Taxonomy 61Regulation and Delegated Regulation (EU) 2021/2178’.62The definition of assets under management we apply for the purpose of determining the 63Taxonomy-eligibility and Taxonomy-alignment of our investments deviates from the definition 64of AuM as otherwise stated in the ‘Our Performance Indicators – Our Financial Performance’. 65For our Article 8 Taxonomy Reporting we follow the guidance from the European Commission 66in the Commission staff document Frequently Asked Questions (FAQs) on “What is the EU 67Taxonomy Article 8 delegated act and how will it work in practice”. Accordingly, the value of 68all covered assets under management used for reporting the proportion of Taxonomy--69alignment, Taxonomy-eligibility and Taxonomy-non-eligibility encompasses the value of all 70        71To our Shareholders Summarised 72Management Report73Consolidated 74Financial Statements Compensation Report Corporate Govern-75ance Statement76Supplementary 77Information DWS 2023 Annual Report78 79Complementary Information8067 Disclosures in Accordance with Article 8 Taxonomy Regulation and Delegated Regulation (EU) 2021/2178