Now Reading
Ethibel Labelled Investment Funds the First to Receive the Austrian Environmental Product Label
Ethibel Labelled Investment Funds the First to Receive the Austrian Environmental Product Label
Published 09-21-04
Submitted by Ethibel Group
Mr. Josef Proll, Minister for Environmental Affairs, handed over the environmental certificate to Kommunalkredit Dexia Asset Management, a service company founded in March 2004 by Kommunalkredit Austria and Dexia Asset Management.
The "Umweltzeichen" are the first eco-labels being awarded to investment funds throughout Europe. It is available for investment funds that comply with a broad range of criteria:
Prior to the approval, an independent expert has verified the Ethibel methodology and quality management systems.
The Dexia Sustainable funds that achieved the Austrian environmental label are the first investment funds with the Ethibel label to be launched in the Austrian market.
About Ethibel:
The Ethibel Group is an independent advisory and research organisation for corporate social responsibility and socially responsible investing. The group consists of the not-for-profit organisation Ethibel vzw, active in the field of advice, screening and evaluation of socially responsible investments and the company Stock At Stake nv, specialising in examining the social responsibility of companies and organisations.
Based on an extensive sustainability analysis by Stock at Stake, Ethibel selects companies that demonstrate their Corporate Social Responsibility at every level.
The Ethibel Label for SRI funds offers the investor the visible guarantee of a selection based on in depth and independent research. The Ethibel Sustainability Index (ESI) provides a comprehensive perspective on the financial performance of the world's leading companies in terms of sustainability to institutional investors, asset managers, banks and retail investors.
