Transparent
Eurosif's Transparent Label 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 and is required by several labels.
Generalities
| Label | Transparent |
| Nationality | Europe - English |
| Management | EUROSIF - Forum for the promotion of SRI practices in financial markets |
| Label type | Thematic |
| Website | https://www.eurosif.org/transparency-code/ |
| Market | The label is operational in the European Union (Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands), Switzerland and the United Kingdom. |
| Products | over 900 funds in 2022 |
| Criteria | https://www.eurosif.org/wp-content/uploads/2018/04/Transparency-Code-4.0.pdf |
| Periodicity | annual |
Detailed data
| Description | Eurosif's Transparent Label 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 and is required by several labels. |
| Genesis and development | The label project was born in 2004 by the European Sustainable Finance Forums, with a launch in 2008. In 2013, it became a standard for all SRI funds in France. Today, it covers over 90% of SRI funds distributed in Europe. |
| Objectives | The principles of the Transparent label is that signatories undertake to be honest and transparent with their customers by providing accurate, clear and timely disclosure of their management practices. |
| Promoters and administrators | EUROSIF brings together the Sustainable Finance Forums of the participating countries, which locally manage the compliance of the applications and give the signatories of the code permission to use the label. |
| SRI approach | The Label is based on a commitment letter, which the signatory Society management companies make available to the public, together with key information about their investment process and the ESG safeguards they have put in place in the management of their SRI funds. |
| Additional criteria | The fund must disclose the ESG strategies pursued, the main exclusions, the management processes, the signed commitments made, the human resources dedicated to SRI, the investment and ESG risk control process and the metrics used, and the publications. |
| Allocation process | The Society candidates fill in the Label questionnaire and contact the Sustainable Finance Forum in their country of reference for verification and validation. |
| External certification | The Label is declarative and based on a letter of commitment. The fund undertakes to update the questionnaire annually and make it available both to investors and to the relevant Sustainable Finance Forum. |
| Focus on transparency | the Society management undertakes to publish the answers to the transparency code on its website by 30 June of the following year, or within 6 months of any material change. Responses must be up to 31 December of the previous year. |
| Focus on periodic checks | Control is the sole responsibility of the reporting management Society (no independent control by the label) |
| Related parties | The Label is an initiative of the European Sustainable Finance Forums grouped in the EUROSIF association. EUROSIF is a member of the GSIA, the Global Sustainable Investment Alliance, the leading global sustainable finance development movement. http://www.gsi-alliance.org/ |
