Finansol

Finansol is the reference label for solidarity finance in France, i.e., funds that allocate assets or a portion of income to support philanthropic or nonprofit activities with a strong social matrix.

Summary data :

label	ID	Topic	Description	Mode	Enabled	Order
Finansol	9	Label	Finansol	t	1	1
Finansol	9	Nationality	France - French	t	1	3
Finansol	9	Management	label issued by FAIR, a nonprofit association specializing in the promotion of ethical, humane and inclusive finance.	t	1	4
Finansol	9	Label Type	Thematic	t	1	5
Finansol	9	Website	https://www.finansol.org/	t	1	7
Finansol	9	Market	The label targets solidarity products for sale on the French market : banking and savings products, solidarity shares bought by 1.5m investors in France	t	1	8
Finansol	9	Products	109 funds and products as of September 2024	t	1	9
Finansol	9	Links to funds	https://www.finansol.org/quels-sont-les-produits-labellises/	t	1	10
Finansol	9	Criteria	https://www.finansol.org/_dwl/autres/finansol_liste-opc-parts-label-finansol.xlsx	t	1	15
Finansol	9	Periodicity	annual	t	1	21

Detail data :

label	ID	Topic	Description	Mode	Enabled	Order
Finansol	9	Description	Finansol is the reference label for solidarity finance in France, i.e., funds that allocate a portion of income or assets to support philanthropic and/or nonprofit activities with a strong social matrix.	d	1	6
Finansol	9	Genesis and development	The Finansol label was created in 1997 for the purposes of helping distinguish solidarity finance products from other products, and facilitating savers' research. Administered historically by the nonprofit Finansol Association, it is now managed by FAIR the Solidarity Promotion Association created by Finansol and Iilab, the French social impact finance specialist.	d	1	11
Finansol	9	Goals	The primary objective of the Label is to make solidarity products offered on the French market easily recognizable and facilitate their promotion. Solidarity investments (eg high social impact) enhance employment and business creation, social housing, ecological activities and entrepreneurship in developing countries.	d	1	12
Finansol	9	Promoters and administrators	The Label has been managed by the Finansol Association (now part of FAIR) since its creation in partnership with numerous actors from mutual insurance, banking and the French public authorities. It is the only recognizable solidarity label in the French market.	d	1	13
Finansol	9	SRI Approach	Labeled products are high social and/or environmental impact and mostly refer to Society unlisted and thematic projects often excluded from traditional finance. Alternatively, at least 25 percent of investment income must fund social activities such as gifts to nonprofits. Applicants must also meet high standards of transparency and be intent on actively promoting products to their networks.	d	1	14
Finansol	9	Mandatory Criteria	The label is only issued to savings products dedicated to investment with high social and/or environmental impact and products that dedicate at least 25 percent of their proceeds to charity. The costs, business plan, investment beneficiaries, and transparency of the products involved (insurance contracts, mutual funds, savings accounts) are also examined	d	1	16
Finansol	9	Additional criteria	There are no additional criteria	d	1	17
Finansol	9	Allocation process	The finansol label is reserved for FAIR members, who must submit their applications annually by attaching the required documents ; an independent committee of experts reviews the application and issues an opinion. The Committee meets four times a year to adjudicate new applications and another time to review funds already labelled. The Board of Directors then adjudicates on the Committee's proposal and awards the label.	d	1	20
Finansol	9	External certification	The Finansol label is awarded based on the review of documents provided, and the Label Committee annually verifies the continued eligibility conditions.	d	1	22
Finansol	9	Focus on transparency	Transparency to customers of product content is just as essential as providing FAIR/Finansol with the data required for attribution, and participating in surveys and statistical data collection by the Association.	d	1	23
Finansol	9	Focus on periodic checks	Inspection is carried out directly by the Label Committee without the use of third-party certifiers	d	1	24
Finansol	9	Related parties	FAIR counts AFD (French Development Agency), Acted and CDC through banque des territoires among its institutional partners. FAIR is a member of FEBEA (European Federation of Ethical and alternative Banks and financiers).	d	1	25

How to read table data :

ISIN: is the identification code most commonly used to identify funds, ETFs and other financial instruments
Fund: by clicking, you will be able to view the simplified fund fact sheet
Currency : is the currency in which the fund is denominated
Esgap: "ESG Adjusted Performance." It is a proprietary measure of MCSR that allows a summary evaluation of funds considering the quality of the sustainable investment process, continuity, and measurement of performance and risk parameters. The maximum value is 18 points.
MCSRIntensity: This is a proprietary measure of MCSR that summarizes assessments of the quality of the sustainable investment process. Funds rated 5 have an excellent investment process in ESG instruments. Funds with lower scores are still preferable to funds that do not engage in positive finance.
Average Intensity: This is the average of ESG intensity ratings related to individual parameters
SFDR: This is the European regulation that commits Society management to declare whether the fund also considers ESG aspects (Article 8) or whether ESG aspects are prioritized over financial aspects (Article 9)
Performance: Measures the fund's performance continuity (expressed in euros) over three different time periods with a scale from 1 to 5. Funds rated 5 are excellent in performance.
Risk: Measures the continuity of risk taken by the fund in terms of volatility over three different time periods with a scale of 1 to 5. Funds rated 5 are excellent at controlling risk.
Cost: This is the aggregate cost of the fund on an annual basis. In Portfolio it is the aggregate cost of all its component instruments.
SRRI: This is the legal parameter that defines the measure of risk that the fund should maintain over time. The scale ranges from 1 (lowest risk) to 7 (highest risk)
Performance 6 months / 1 year / 3 years: performance expressed in euros over the past 6 months / 12 months / 36 months
Classification: either the market in which the fund invests or the management objective, depending on the context
Instrument: Indicates whether the financial instrument is a fund, ETF or fund of funds
Type: Indicates whether the fund's Portfolio and investment policy is predominantly equity, bond, whether it balances the two components, or whether the manager is free to vary the extent and risk
Theme : when a fund is "thematic," it means that it specializes in managing in a specific investment area.
Environment: is the assessment of ESG intensity related to Environmental aspects
Good Governance is the assessment of ESG intensity related to aspects of good governance
Society is the assessment of ESG intensity related to aspects of Society
Transparency is the assessment of the intensity with which Society management is transparent in its ESG content
Processes is the assessment of the intensity with which Society management is qualified in its ESG processes