faire Windkraft

fair-finance Vorsorgekasse AG is an Austrian pension fund company operating within the country's mandatory employee and self-employed pension scheme (BMSVG). The firm was established in Vienna in 2010 by Markus Zeilinger, alongside a group of private individuals, GLS Bank, and the Concordia insurance group. Zeilinger, leveraging his prior experience in building and managing pension funds for the Winterthur Group, founded fair-finance with a vision to create a financial service provider independent of large corporate interests and dedicated to sustainable and impactful investing. The company's launch followed a two-year review by the Austrian Financial Market Authority (FMA) before its banking license was granted.

The core business involves managing and investing mandatory pension contributions that employers and self-employed individuals must pay. The company's revenue is derived from fees on contributions and assets under management. As of early 2024, fair-finance manages over 1 billion Euros for approximately 570,000 beneficiaries. Its business model is structured to align with its clients' interests, featuring a customer advisory board with control and co-determination rights, and a profit-sharing mechanism that credits customer accounts.

fair-finance distinguishes itself by exclusively making responsible and impact-oriented investments, guided by its own sustainable investment policy aligned with the UN Sustainable Development Goals. The investment strategy focuses on areas with direct and measurable social and environmental impact, such as microfinance, sustainable real estate, alternative energy, reforestation, and social businesses. The company has developed its own ESG rating system, which places a heavier weight on social issues, and a unique rating system for sustainable real estate. A notable feature is a unique minimum interest rate guarantee offered to its members without additional fees. fair-finance Vorsorgekasse AG is a subsidiary of the Sinnova Holding AG, which is majority-owned by Markus Zeilinger and a group of private individuals, with GLS Bank and Concordia Insurance holding minority stakes. The holding company has also diversified into sustainable real estate through 'buildings4future' and insurance brokerage.

Keywords: pension fund, employee pension scheme, Austria, impact investing, sustainable finance, ESG investing, social business, microfinance, responsible investment, sustainable real estate, severance pay fund, BMSVG, corporate social responsibility, Markus Zeilinger, Sinnova Holding, Vienna, financial services, asset management, ethical investment, green finance, pension management, customer advisory board, profit sharing