The challenge of navigating multiple certifications
In 2025, the European sustainable finance landscape is more complex than ever. With more than 11 different labels with varying requirements, asset managers and institutional investors face a genuine challenge: how can they navigate this jungle of certifications and choose the label that best suits their strategy?
This complexity is even more critical as the stakes are high:
- Revision of frameworks for several labels (Greenfin, FNG-Siegel...)
- Evolution of requirements regarding exclusions and indicators
- Progressive harmonisation with European regulations (SFDR, Taxonomy)
In this context, having a clear and comparative view of the different labels has become a decisive competitive advantage.
Our comprehensive comparative analysis: your strategic compass
To help you navigate this complex ecosystem, WeeFin has conducted a detailed comparative analysis of the 11 main sustainable finance labels in Europe. Our exclusive Excel file offers you:
A methodical comparison of eligibility criteria, governance, and operational aspects of each label
A detailed analysis of sector exclusions (coal, hydrocarbons, tobacco, weapons...) with their specific thresholds
An overview of investment constraints specific to each label (ESG coverage rate, sustainability indicators, engagement...)
A summary of the documents required for each labelling process
The 11 labels decoded:
- ISR Label (France): Socially Responsible Investment requiring ESG outperformance of the portfolio, with enhanced exclusions and mandatory analysis of issuers' transition plans.
- Greenfin (France): Focused on energy and ecological transition, imposing strict exclusions on fossil fuels and minimum investment in green activities.
- FNG-Siegel (Germany, Austria, Liechtenstein, Switzerland): Global ESG approach for German-speaking countries, operating with a point evaluation system and star attribution.
- LuxFLAG ESG (Luxembourg): Requires ESG analysis on 100% of the portfolio and a transparent investment process integrating ESG factors.
- .LuxFLAG Environment (Luxembourg): Mandates at least 75% investment in environmental sectors with rigorous selection criteria on impact.
- LuxFLAG Climate Finance (Luxembourg): Targets funds invested at minimum 75% in assets related to climate change mitigation or adaptation, with mandatory impact reporting.
- Towards Sustainability (Belgium): Imposes four ESG investment strategies and systematic exclusions of controversial sectors such as coal and unconventional hydrocarbons.
- Umweltzeichen UZ 49 (Austria): Austrian ecolabel operating with a point system evaluating environmental performance and imposing strict sector exclusions.
- Relance (France): Temporary label supporting French SMEs and mid-caps while integrating ESG criteria to contribute to post-Covid economic recovery.
- Finansol (France): Dedicated to solidarity and inclusive finance, requiring investments in projects with high social impact and sharing of income with solidarity organisations.
- Nordic Swan Ecolabel (Nordic countries): Strict criteria for excluding non-sustainable sectors such as coal and oil, with high requirements for environmental transparency and reporting.
Download our comparative analysis for free
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