Each of the six funds available on the German market not only convinced the auditors but also exceeded the entry level qualification. The final report praised the funds for performing exceptionally well on institutional credibility, as well as for demonstrating a high level of product standards with internal ESG analysis and detailed reporting.
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
This year the number of applying funds for the FNG label increased by 60% to almost 300, while the number of asset managers applying jumped from 73 to 102.
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, following an independent due diligence and intensive sparring.
The FNG label goes well beyond a portfolio approach and is holistically meaningful. More information about the FNG label can be found at www.fng-siegel.org.
Read more about our Impact Equity and Bond strategy.