Transparency code

Tracing its roots to the European Transparency Guidelines unveiled in 2004, the European SRI Transparency Code, first launched in May 2008, primarily aims at increasing accountability and clarity of SRI practices for European investors.

The principle driving the Code is that asset manager signatories should be open and honest, and disclose accurate, adequate and timely information to enable stakeholders, in particular retail investors, to understand the policies and practices of a given SRI fund. The Code focuses on SRI funds distributed publicly in Europe and has been designed to cover a range of asset classes.

At the end of June 2016, there were 1,138 green, social and ethical funds domiciled in Europe*. For the same period, there were over 700 funds submitted to the Transparency Code. The Code has also been made a mandatory requirement by a number of national SRI labels or trade associations in Europe. Interest in the Code continues to grow 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.

The Transparency Code has been updated in 2018 and today reflects the most relevant practices in Sustainable and Responsible Investment and Sustainable Finance:
– Article 173
– Task Force on Climate-related Financial Disclosure (TCFD)
– HLEG recommendations










United Kingdom