Since 2016, the SIR label initiated by the Ministry of the Economy and Finance (France) has distinguished organizations and funds engaged in a sustainable and responsible approach. At Birdee, we proudly adopt this label to compose our portfolios, thus offering you the opportunity to invest ethically and efficiently.
The ISR label, being property of the French State, guarantees our commitment and seriousness in the development of responsible investment opportunities.
Which funds and structures can be labeled SIR?
- UCITS (undertakings for collective investment in transferable securities) invested in shares and/or bonds,
- SCPIs (real estate investment companies),
- OPCIs (Real Estate Collective Investment Organizations),
- AIFs (alternative investment funds),
- certain institutional mandates,
- certain foreign investment funds (under certain conditions of course!)
What are the criteria for awarding the SIR label?
Funds and organizations wishing to obtain the ISR label must certify that they respect fundamental award criteria:
- Engagement social,
- Engagement social,
- Environmental commitment,
- Ethical governance, transparent business management, diversity, honesty,
- Commitment to respecting and defending human rights.
They are then divided into 6 main pillars:
- Definition of the desired objectives
- Implementation of an analysis methodology
- Portfolio construction and management
- Stakeholder engagement
- Communication of information to investors and savers
- Evaluation of the impacts of the approach
In today's financial landscape, adopting responsible and sustainable practices is no longer an option, but a necessity. For financial institutions aiming to distinguish themselves, obtaining the SRI label represents a crucial step towards affirming their commitment to sustainability.
This label, based on rigorous extra-financial ESG criteria, requires concrete actions such as non-participation in the financing of fossil fuels, reduction of the carbon footprint, and the promotion of fair social practices. To find out more about the eligibility criteria and the procedures to follow, more details are present in the regularly updated reference document.
| 💡A key concept in finance: SRI (SRI in English) for Socially Responsible Investment. The word also designates an investment strategy that takes into consideration extra-financial Environmental, Social and Governance (ESG) criteria. |
How to obtain the SIR label?
At any time, funds and investment management companies can request an audit to obtain the ISR label. You must submit your application to the official bodies that can establish certification.
If the ESG criteria are respected and the result of the analysis is positive, the fund or organization then joins the official list published by the French Ministry of Economy and Finance.
Who awards the ISR label to financial organizations?
Only three independent audit companies can carry out the analysis and evaluation of organizations and funds applying for the SRI label:
- Afnor Certification
- Deloitte
- EY France.
These three external companies are certified by the French Accreditation Committee (Cofrac). If they are responsible for awarding or not the ISR label, they are also in charge of controls over the three years following the award. This duration corresponds to the period when the ISR label is effective.
The customer's morning balance sent by the financial institution (+ any forecasts sent by the customer)