A Comparative Study of European Sustainable Finance Labels

Karina Megaeva; Peter-Jan Engelen; Luc Van Liedekerke

doi:10.2139/ssrn.3790435

A Comparative Study of European Sustainable Finance Labels

Karina Megaeva, Peter-Jan Engelen, Luc Van Liedekerke

University of Antwerp

Research output: Working paper › Academic

Abstract

This comparative study offers a detailed overview of nine major SRI labels in Europe and compares them on a relative basis along different dimensions of sustainability. The six dimensions that we selected for our comparative study are: (i) eligibility criteria of the SRI label, (ii) structure and composition of the SRI label, (iii) transparency of the SRI label, (iv) governance of the SRI label, (v) stringency of the SRI label, and (vi) impact of the SRI label. The study covers the following sustainability labels: three Green Labels (the French Greenfin label, the Luxflag Climate Finance label, and the future EU Eco-label) and six ESG-focused Labels (the Austrian Umweltzeichen label, the Belgian Towards Sustainability label, the French ISR label, the German-speaking FNG label, the Luxflag ESG label and the Nordic Swan label). The study identifies the leading SRI labels per dimension.

Original language	English
Publisher	SSRN
Number of pages	128
DOIs	https://doi.org/10.2139/ssrn.3790435
Publication status	Published - 2021

Keywords

Sustainable finance
labels
SRI
CSR
ESG
eco-label
green
climate change
carbon impact

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10.2139/ssrn.3790435

SSRN-id3790435Final published version, 1.69 MB

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title = "A Comparative Study of European Sustainable Finance Labels",

abstract = "This comparative study offers a detailed overview of nine major SRI labels in Europe and compares them on a relative basis along different dimensions of sustainability. The six dimensions that we selected for our comparative study are: (i) eligibility criteria of the SRI label, (ii) structure and composition of the SRI label, (iii) transparency of the SRI label, (iv) governance of the SRI label, (v) stringency of the SRI label, and (vi) impact of the SRI label. The study covers the following sustainability labels: three Green Labels (the French Greenfin label, the Luxflag Climate Finance label, and the future EU Eco-label) and six ESG-focused Labels (the Austrian Umweltzeichen label, the Belgian Towards Sustainability label, the French ISR label, the German-speaking FNG label, the Luxflag ESG label and the Nordic Swan label). The study identifies the leading SRI labels per dimension.",

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AU - Engelen, Peter-Jan

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AB - This comparative study offers a detailed overview of nine major SRI labels in Europe and compares them on a relative basis along different dimensions of sustainability. The six dimensions that we selected for our comparative study are: (i) eligibility criteria of the SRI label, (ii) structure and composition of the SRI label, (iii) transparency of the SRI label, (iv) governance of the SRI label, (v) stringency of the SRI label, and (vi) impact of the SRI label. The study covers the following sustainability labels: three Green Labels (the French Greenfin label, the Luxflag Climate Finance label, and the future EU Eco-label) and six ESG-focused Labels (the Austrian Umweltzeichen label, the Belgian Towards Sustainability label, the French ISR label, the German-speaking FNG label, the Luxflag ESG label and the Nordic Swan label). The study identifies the leading SRI labels per dimension.

KW - Sustainable finance

KW - labels

KW - SRI

KW - CSR

KW - ESG

KW - eco-label

KW - green

KW - climate change

KW - carbon impact

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BT - A Comparative Study of European Sustainable Finance Labels

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A Comparative Study of European Sustainable Finance Labels

Abstract

Keywords

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