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.

Summary data :

label	ID	Topic	Description	Mode	Enabled	Order
Transparent	2	Label	Transparent	t	1	1
Transparent	2	Nationality	Europe - English	t	1	3
Transparent	2	Management	EUROSIF - Transparency label for SRI practices in financial markets	t	1	4
Transparent	2	Label Type	Thematic	t	1	5
Transparent	2	Website	https://www.eurosif.org/transparency-code/	t	1	7
Transparent	2	Market	The label is operational in the European union (Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands), Switzerland and the United Kingdom	t	1	8
Transparent	2	Products	Over 900 in 2022	t	1	9
Transparent	2	Criteria	https://www.eurosif.org/wp-content/uploads/2018/04/Transparency-Code-4.0.pdf	t	1	15
Transparent	2	Periodicity	Annual	t	1	21

Analytical data :

label	ID	Topic	Description	Mode	Enabled	Order
Transparent	2	Description	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.	d	1	6
Transparent	2	Genesis and development	The label project originated in 2004 from 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 more than 90 percent of SRI funds distributed in Europe.	d	1	11
Transparent	2	Goals	The principles of the Transparent label is that signatories commit to being honest and transparent with their customers by giving accurate, clear and timely disclosure of their management practices.	d	1	12
Transparent	2	Promoters and administrators	EUROSIF brings together the Sustainable Finance Forums of the individual participating countries, which locally manage application compliance and give signatories of the code permission to use the label.	d	1	13
Transparent	2	SRI Approach	The Label relies on a commitment letter, which signatory management Society s make available to the public, along with key information regarding their investment process and the ESG safeguards they have put in place in managing their SRI funds.	d	1	14
Transparent	2	Additional criteria	The fund must disclose the ESG strategies pursued, key exclusions, management processes, signed commitments made, human resources dedicated to SRI, the ESG investment and risk control process and metrics used, and publicizations.	d	1	17
Transparent	2	Allocation process	The Society candidates fill out the Label questionnaire and contact the Sustainable Finance Forum in their home country for verification and validation.	d	1	20
Transparent	2	External certification	The Label is declarative and based on a letter of commitment. The fund agrees to update the questionnaire annually and make it available both to investors and to the relevant Sustainable Finance Forum.	d	1	22
Transparent	2	Focus on transparency	Management Society commits to posting responses to the transparency code on its website by June 30 of the following year, or within 6 months of any material developments. Responses must be current as of December 31 of the previous year.	d	1	23
Transparent	2	Focus on periodic checks	Control is the sole responsibility of the reporting management Society (no independent control by the label)	d	1	24
Transparent	2	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, Global Sustainable Investment Alliance, the leading globally active Sustainable Finance development movement. http://www.gsi-alliance.org/	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