Greenfin

The Greenfin label is aimed at financial actors acting in line with energy and climate transition goals and assures investors of the "green" quality of investment funds.

Summary data :

label	ID	Topic	Description	Mode	Enabled	Order
Greenfin	8	Label	Greenfin	t	1	1
Greenfin	8	Nationality	France - French/English	t	1	3
Greenfin	8	Management	Label issued by the French Ministry of Ecological Transition	t	1	4
Greenfin	8	Label type	Thematic	t	1	5
Greenfin	8	Website	https://www.ecologie.gouv.fr/label-greenfin	t	1	7
Greenfin	8	Market	The label targets mutual funds for sale on the French market	t	1	8
Greenfin	8	Products	82 funds at the end of June 2022	t	1	9
Greenfin	8	Criteria	https://www.ecologie.gouv.fr/sites/default/files/Codes%20ISIN.xlsx	t	1	15
Greenfin	8	Periodicity	annual	t	1	21

Analytical data :

label	ID	Topic	Description	Mode	Enabled	Order
Greenfin	8	Description	The Greenfin label is aimed at financial actors acting in the service of the common good with the aim of facilitating the energy and climate transition and assures investors of the "green" quality of investment funds.	d	1	6
Greenfin	8	Genesis and development	Greenfin is the first state label dedicated to green finance; it was launched at the end of 2015 on the occasion of COP 21. It replaces the former label "Energy and Ecological Climate Transition" and is based on a decree and ordinance published in December 2015 that officially created the label and defined its regulations and monitoring procedures.	d	1	11
Greenfin	8	Objectives	Greenfin aims to mobilise part of the savings for the benefit of the energy and ecological transition; it guarantees the green quality of investment funds and is aimed at financial players acting in favour of the ecological and energy transition through transparent and sustainable practices.	d	1	12
Greenfin	8	Promoters and administrators	The French public authorities own the label (brand, rules of use, reference system) and approve the development proposals submitted by the Greenfin Label Committee (chaired by the Ministry and composed of representatives of all stakeholders, including representatives of consumer associations) which is also in charge of managing the whole system and ensuring the proper functioning of the labelling process and its development. The certification is then issued not directly by the Committee, but by the "Labeller" and Novethic, EY France and Afnor have been designated as the bodies responsible for issuing the Greenfin label.	d	1	13
Greenfin	8	SRI approach	To qualify for the label, funds will need to demonstrate that they have a thematic approach focused on the eight categories of activities that fall under the umbrella of energy and ecological transition and combating climate change ("eco-activities") listed by Greenfin, as well as having a policy of excluding fossil fuels and nuclear power. It will also be necessary for the fund to have a method of assessing the impact of its investments towards the ecological transition and to be able to address ESG controversies.	d	1	14
Greenfin	8	Mandatory Criteria	The minimum criteria to be met in order to obtain the label include: Exclusion criteria for economic activities that are contrary to the energy and ecological transition or currently controversial (mainly concerning fossil fuels and nuclear energy), a Thematic Approach strategy focused on "Eco-activities" (8 categories of activities related to energy and ecological transition and the fight against climate change: energy, construction, waste, industry, clean transport, telecommunications, agriculture and climate change), a Best in Class approach for the valuation of its investments, a methodology for assessing the impact its investments are having in terms of ecological transition and a structure capable of dealing with ESG controversies	d	1	16
Greenfin	8	Additional criteria	There are no additional criteria	d	1	17
Greenfin	8	Allocation process	Society who wish to obtain certification must send their application to one of the labeling bodies and provide information on the nature and composition of Portfolio, as well as the management and internal control rules applied so that an initial analysis can be carried out. Following the initial analysis, an actual audit process will be carried out by the Labeler to determine whether the fund meets the necessary requirements. The decision to award the Greenfin label is made independently by the labeling body, based on the audit report	d	1	20
Greenfin	8	External certification	The Greenfin label is granted for a renewable period of one year. During the one-year period, interim checks are carried out to ensure that the fund continues to meet the requirements of the label over time.	d	1	22
Greenfin	8	Focus on transparency	It will be necessary to make available to Greenfin its sustainability strategy and an evolution of it over the last three years; to have transparent financial management (limit the use of derivative financial instruments). The required transparency obligation is only towards Greenfin and not towards all investors.	d	1	23
Greenfin	8	Focus on periodic checks	Compliance with the criteria is monitored both at the end of the annual labelling period and through intermediate checks carried out by the labelling body.	d	1	24
Greenfin	8	Related parties	The label has entrusted the labelling process to external bodies that are responsible for issuing the Greenfin label. To date, EY France, Novethic and Afnor Certification are the designated bodies for the labelling process.	d	1	25