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Principal Adverse Impact Statement

FS Impact Finance is acting as the fund manager for the GLS Alternative Investments – Mikrofinanzfonds, which aims to make sustainable investments that contribute to a social goal of enabling people with limited access to financial services to participate in them. This fund is classified as a financial product according to Article 9 of the EU Sustainable Finance Disclosure Regulation 2019/2088 (SFDR).

FS Impact Finance aims to ensure transparency and accountability in relation to the fund’s approach to sustainability, as well as potential impacts on sustainability objectives. As part of its wider risk management framework regarding environmental and social risks and in compliance with applicable sustainable finance legislation, FS Impact Finance considers and discloses principal adverse impacts (PAI) of its investment decisions on sustainability factors and hereby publishes its first PAI statement.

In accordance with Article 4(1) of the SFDR, the statement includes information on measures to identify and prioritize the adverse impacts on sustainability, as well as indicators with explanatory descriptions and, where applicable, information on measures taken or planned. FS Impact Finance is committed to remain engaged with its stakeholders and welcomes any feedback.

For questions or comments, please contact our Sustainability Officer Pascal Spreen at


Pascal Spreen

Pascal is the new Sustainability Officer at FS Impact Finance, hired to dive deep into the EU Sustainable Finance framework and develop the firm’s sustainability strategy. Pascal focuses on getting the products of FS Impact Finance ready for the Sustainable Finance Disclosure Regulation and EU Taxonomy and works with the investment teams on launching new impact investment products.

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