Legal Notice

Kristian Kallenberger
Kallenberger-Finanz, Financial & Insurance Broker eK
Prinz-Eugen-Weg 24
88400 Biberach an der Riß, Germany
Phone: 0151 28943474
Email: info@kallen-berger.com

Owner: Kristian Kallenberger
Commercial register: District Court of Ulm, HRA 727998

Person responsible for content under Section 18(2) of the German Interstate Media Treaty (MStV):
Kristian Kallenberger (address above)

Consumer dispute resolution / Universal Arbitration Board

We are neither willing nor obliged to take part in dispute resolution proceedings before a consumer arbitration board.

Authorisation granted under Section 34d(1) of the German Trade Regulation Act (GewO) (insurance broker). Supervisory authority: Chamber of Industry and Commerce for the Stuttgart region, Jägerstraße 30, 70174 Stuttgart, Germany.

Authorisation granted under Section 34f(1) of the German Trade Regulation Act (GewO) (financial investment broker). Supervisory authority: Chamber of Industry and Commerce for the Stuttgart region, Jägerstraße 30, 70174 Stuttgart, Germany.

Register of intermediaries (www.vermittlerregister.info):
Registration number D-OHNX-W1LHF-66 (for Section 34d GewO)
Registration number DF-175-BQFC-54 (for Section 34f GewO)

Professional title

Insurance broker licensed under Section 34d(1) of the German Trade Regulation Act (Gewerbeordnung), Federal Republic of Germany; financial investment broker licensed under Section 34f(1) of the German Trade Regulation Act (Gewerbeordnung), Federal Republic of Germany.

Competent chamber

Chamber of Industry and Commerce Ulm, Olgastrasse 97-101, 89073 Ulm, Germany

Professional regulations

  • Section 34d of the German Trade Regulation Act (GewO)
  • Section 34f of the German Trade Regulation Act (GewO)
  • Sections 59 to 68 of the German Insurance Contract Act (VVG)
  • Insurance Mediation and Advice Ordinance (VersVermV)
  • Financial Investment Mediation Ordinance (FinVermV)

The professional regulations can be viewed at www.gesetze-im-internet.de, operated by the Federal Ministry of Justice and juris GmbH.

Sustainability risk information for financial products

What are sustainability risks?

Sustainability risks (or ESG risks) are defined as events or conditions in the following three areas: environmental, social and governance, the occurrence of which could negatively affect the value of an investment. These risks may affect individual companies, entire sectors or regions.

What are some examples of sustainability risks in these three areas?

Environmental: As a consequence of climate change, the increased frequency of extreme weather events could pose a risk. This risk is also described as a physical risk. An extreme drought in a given region could be an example. It could lead to a drop in water levels in transport routes such as rivers, to the point of affecting the transport of goods.

Social: In the social area, risks could arise, for example, from non-compliance with labour law or occupational health and safety standards.

Governance: Examples of governance risks include non-compliance with tax regulations or corruption within companies.

Information on the integration of sustainability risks in advisory services (Art. 3 TVO)

To integrate sustainability risks into advisory services, the information provided by providers (financial market participants) and their financial products is taken into account when they are selected. Providers that clearly have no strategy for integrating sustainability risks into their investment decisions are unlikely to be offered. During the advisory process, it will be explained separately whether considering sustainability risks in the investment decision has identifiable advantages or disadvantages for the client. The provider concerned provides information on how it integrates sustainability risks into its investment decisions in its pre-contractual information. Clients may ask any questions about this before entering into an agreement.

Information on the consideration of adverse impacts on sustainability factors (Art. 4 TVO)

As part of the advisory process, the most significant adverse impacts of investment decisions on sustainability factors are taken into account. This consideration is based on the information provided by providers about their sustainability and, where applicable, the sustainability of the financial product concerned. (Currently, given the evolving and potentially still rudimentary nature of the information provided by providers, this consideration can only be limited.)

Information on the remuneration policy where sustainability risks are considered (Art. 5 TVO)

The remuneration of brokers of financial products is generally not affected by sustainability risks. However, providers may offer higher remuneration for taking these risks into account in investments. Where this is not contrary to the client's interests, such higher remuneration will be accepted.