The Carnot funds are sustainable impact funds according to Art. 9 of the EU Sustainable Finance Disclosure Regulation (SFDR). The funds invest exclusively in sustainable companies. The Carnot Efficient Energy aims at mitigating climate change, and the Carnot Efficient Resources pursues additional environmental objectives of the EU Taxonomy Regulation. The activities of the companies included in the funds are to a significant extent compliant with the EU taxonomy. Carnot Capital analyzes the positive and negative impacts of the companies in detail and discloses them in the annual Impact Report.