| European SRI Transparency Code |
Officially launched in November 2004 with support from the European Commission, the European SRI Transparency Code aims to create more clarity on the principles and processes of SRI mutual funds. This is to help consumers (investors) make more informed choices, to encourage best practice among fund managers, as well as to pre-empt legislation on SRI mutual funds that would not integrate the view of practitioners. Eurosif is leading this multi-stakeholder process and will continue to develop and improve voluntary guidelines that the financial sector can use to better reflect their approach to SRI fund management. As of January 2011, there were about 350 SRI funds that signed up for the European SRI Transparency Code. Interest for the Transparency Code keeps on growing and as a further step in their implementation, Eurosif wishes to improve the responding process and visibility of the Transparency Code and the funds’ responses. Towards this objective, Eurosif has created a logo specific to the Transparency Code which can be used by signatories once their responses to the Code have been updated and reviewed by their national Sustainable Investment Forum. |
