As Article 10 of the Delegated Act suggests, Hoist Finance reports on the disclosure list set for January 2022, which is the predecessor to the quantitative KPIs set for January 2024. We also report on the qualitative information set out in Annex XI of the Delegated Act.
The proportion in total assets of exposures to Taxonomy non-eligible and Taxonomy-eligible economic assets is constituted by Hoist Finance balance sheet and consist of loans and advances, debt securities and equity instruments as follows the Annex 6 of article 8 in the Taxonomy Regulation. We also present the proportion in our total assets of the exposures to central governments, central banks and supranational issuers and derivates in the form of Treasury Bills and Treasury Bonds and Derivatives. The proportion in our total assets of the exposures to undertakings that are not obliged to publish non-financial information are related to Hoist Finance’s s participations in joint ventures, actual and deferred taxes and prepaid expenses. Data sources for taxonomy disclosures are internal data warehouse and is aligned with Hoist Finance's FINREP (FINancial REPorting).
Trading portfolio reporting is not included in the scope as we do not trade with financial instruments and holds no trading book. However, our banking book holds green instruments of EUR 500m at 31 December 2021. Our on demand inter-bank loans consist of cash and non-restricted lending to credit institutions.
ESG data sources are mainly based on regulatory reports in accordance with FINREP ("FINancial REPorting"), which are derived from Hoist Finance data bases, such as general ledger, collection systems and portfolio data bases etc.
As a debt collector with a credit market license, we have a large part to play to help financial markets to strive for more transparent sustainability reporting. However, our portfolios consist of consumer debts. Hoist Finance complies with the disclore obligations of the Delegated Act supplementing Article 8 of The Taxonomy Regulation through this reporting. However, the EU Taxonomy will currently not impact sustainability or business KPI development or the engagement with our customers. Hoist Finance’s single Taxonomy-eligible economic activities are within our real estate companies in Italy, France and Cyprus, purposed to hold seized assets. As these assets add up to a very small segment of the total assets in our balance sheet, it is currently not our priority to include Taxonomy-related development within our business KPIs.