In search of
best practices
market.
best practices
market.
16 Labels and 1 rating to assess quality
We analyzed 16 quality labels and 1 rating issued by specialized, independent certification bodies.
All support and disseminate best sustainability practices in Europe and provide substantial help in countering greenwashing.
What is a label ?
Labels are "sustainability seals" granted by specialized and independent certification bodies at the request of trade unions, nonprofit associations, national governments or the European Union.
Each investment product concerned must demonstrate that it meets the eligibility criteria defined by the Label.
Each label has its own specific goal, from which derive minimum conditions to be met by products that want to obtain it.
Some Labels are thematic and reward, for example, funds or bonds dedicated to theenvironment or solidarity. Others are generalist and reward socially responsible funds (SRIs).
What differences are there between the various Labels ?
What is the difference between a rating and a label ?
A rating is a quantitative merit note, calculated according to a rigorous methodology, for the purpose of comparing different instruments with each other.
The Climetrics rating, for example, assigns 1 to 5 "leaves" to funds that have the best climate impact based on their management policy, their Portfolio , and the governance of Society management.
Yes. All labels and rating Society are totally independent. They use the cooperation of experts from academia, regulatory institutions and Society civil.
These are valuable aids in the fight against greenwashing.
Can I
trust?
trust?
Who funds the labels ?
In general, the fund manager pays a membership fee and an annual review cost as the certifying body verifies that funds continue to meet minimum quality and sustainability requirements over time.
Some labels and ratings are free and/or funded by governments or the European Union.
When certifying bodies notice an anomaly, they alert the manager and request corrective action. If at the next audit, nothing has changed, the fund is removed from the official list of labeled funds.
And if the bottom does not complies with the rules of the Label ?
How do you treat Labels in Positive Finance ?
Our fund evaluations take into account the labels received.
We analyze the required criteria and verifications performed during labeling processes, which we consider "trusted third parties ," and keep the list of labeled funds up-to-date.
Search for award-winning funds
Generalist, dedicated to environmental protection in general or its specific declinations, social, philanthropic. Labels cover a very wide range of evaluation criteria for investment funds.
Sustainable Generalist Funds
Towards Sustainability
The Label Towards Sustainability, one of the labels with the greatest diffusion in Europe, aims to assure investors that certified products are socially responsibleand not subject to unsustainable practices.
SRI Label
The SRI Label aims to increase the recognition of Socially Responsible Funds (SRIs) for savers, and to ensure that various extra-financial objectives are actively managed by the funds, in the areas of environment, Society and governance
Luxflag ESG
The Label LuxFLAG assesses true investment strategy commitments and helps investors with product selection. The applicant must demonstrate how it integrates its ESG strategy and criteria throughout the investment process.
FNG Siegel
FNG Siegel is the high quality standard for Socially Responsible funds sold in German-speaking countries and assures investors that a robust management methodology has been implemented.
Sustainable funds with Ecolabels of the European Union
Nordic Swan Ecolabel
The Nordic Swan Ecolabel analyzes 60 product groups including financial products and provides consumers with an 'indication of products that have a focus on environmental impact and sustainable development.
Umweltzeichen
The Austian Eco-label aims to raise consumer awareness of the desirability of buying environmentally friendly products and services and rewards mutual funds that benefit the environment and Society.
Other Environmental Labels and Ratings
Luxflag Environment
The Label is aimed at environmental thematic funds and is designed to reassure investors that the investment product actually and responsibly invests their assets in environmentally related sectors
Luxflag Climate Finance
The Label LuxFLAG Climate aims to give investors confidence that the funds involved are contributing to combating climate change and/or adapting to its consequences, in line with the principles of the European Union
Greenfin
The Greenfin label targets financial players acting in line with energy and climate transition goals and assures investors of the "green" quality of investment funds.
Climetrics
Climetrics provides a climate impact rating to mutual funds for the purpose of facilitating investors who care about "Low Carbon" investments
Specialized labels with a social vocation
Label Relance
Label Relance should enable savers to easily identify funds that invest in favor of Society based in France that contribute to the recovery of the economy post-COVID while at the same time applying certain ESG criteria
Luxflag Microfinance
The world's first Microfinance Label was launched in July 2006 by LuxFLAG with the aim of reassuring investors that the Fund (Microfinance Investment Vehicle - MIV) actually invests, directly or indirectly, in the microcredit sector.
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.
Certifications of Ethicality
Nummus Ethics
Nummus Ethics is an Italian ethics label that certifies compliance with the principles of the Catholic Church (Italian Episcopal Conference).
Transparency label
Transparent
Eurosif's Label Transparent aims to provide investors with clear information on the ESG management policies of SRI funds in Europe. It is a mandatory quality standard for SRI funds in France, Belgium required by several labels.
Green Bonds (Environmental Impact Bonds)
Luxflag Greenbonds
The Label Green Bond, launched in 2017, is the first of its kind worldwide and aims to reassure investors that the Green Bond follows internationally recognized standards and uses its proceeds to finance green projects.
Climate Bonds Standard
The "Climate Bonds Initiative" aims to limit temperature rise in line with the Paris Agreement through a Bancadata of certified "Green Bonds" that follow high quality standards and actually use their proceeds to combat global warming.
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