Additional points were collected for topics like institutional credibility, product standards as well as selection and dialogue strategies.    

 The following six sustainable funds were awarded: 

  • Triodos Pioneer Impact Fund  
  • Triodos Euro Bond Impact Fund  
  • Triodos Global Equities Impact Fund  
  • Triodos Impact Mixed Fund – Defensive  
  • Triodos Impact Mixed Fund – Neutral 
  • Triodos Impact Mixed Fund - Offensive 

With this year’s edition the number of applicants for the FNG label increased from 47 to 73. Total assets under management of the awarded funds amount to 60 billion euros, which equals a doubling compared to 2019. 

The FNG (Forum Nachhaltige Geldanlagen ) label is the leading quality standard for sustainable investment funds in the German speaking market. The holistic methodology of the FNG label is based on a minimum standard. This includes transparency criteria, recognition of labour and human rights, protection of the environment and the fight against corruption as summarised in the globally acknowledged UN Global Compact. Additionally, all companies included in the funds have to be explicitly analysed with regards to sustainability criteria. Investments in nuclear power, coal mining, significant coal-fired power generation, fracking, oilsands as well as weapons and arms are out of bounds. 

High quality sustainable funds that score above average with regards to institutional credibility, product standards and impact (selection process, engagement and KPIs) can obtain a maximum score of three stars. 

The FNG label goes well beyond a portfolio approach and is holistically meaningful. More information about the FNG label can be found at

Read more about our Impact Equity and Bond strategy.