Knowledge Base
Compare the features and eligibility criteria of the main sustainable finance labels (Greenfin, ISR, Finansol, Ecolabel) and assess their credibility
Which sustainable finance label was created by the Finansol association, which became FAIR in 2021?
The Finansol label was created in 1997 by the Finansol association, which became FAIR in 2021. This label stands out for its focus on social solidarity, with eligibility criteria based on investments in solidarity-based activities or donations to charitable organizations.
Which label reintegrated nuclear energy in 2024 for companies deriving less than 5% of their revenue from this source?
The Greenfin label reintegrated nuclear energy in 2024 for companies deriving less than 5% of their revenue from this source, thereby aligning with the European taxonomy.
What is the minimum percentage of assets that must be invested in solidarity-based activities to be eligible for the Finansol label?
To be eligible for the Finansol label, two alternative mechanisms are available: either 5 to 10% of assets must be invested in solidarity-based activities through ESUS-accredited enterprises, or at least 25% of the investment's income must be donated to charitable organizations.
What distinguishes the Greenfin label from other sustainable finance labels?
The Greenfin label focuses exclusively on environmental and climate issues, unlike the ISR label which takes a broad ESG approach. Its eligibility criteria are based on eight categories of eligible eco-activities, and it completely excludes the fossil fuel value chain, making it more stringent from an environmental standpoint.
The ISR label still allows companies deriving more than 5% of their revenue from coal to be certified after the V3 reform of March 2024.
The V3 reform of March 2024 for the ISR label includes new exclusions, particularly for companies deriving more than 5% of their revenue from coal. As a result, these companies are no longer eligible for the ISR label.
The European Ecolabel for financial products was finally adopted in 2024.
The European Ecolabel for financial products is still under development since the 2018 European action plan. The proposed criteria have not yet been finalized due to ongoing debates about the inclusion of gas and nuclear energy in the European taxonomy.
Categorize items by dragging them to the appropriate zones
Items to categorize:
State
Association
European Union
The ISR and Greenfin labels are managed by the state (the Ministry of Economy and Finance and the Ministry of Ecological Transition, respectively), while Finansol is managed by an association (FAIR). The European Ecolabel is a European label still under development.
Alternative mechanisms for Finansol label eligibility:
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The eligibility criteria for the Finansol label are based on two alternative mechanisms: either 5 to 10% of assets are invested in solidarity-based activities through ESUS-accredited enterprises, or at least 25% of the investment's income is donated to charitable organizations.