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Long-awaited by the markets, the SRI label committee has just presented a new set of guidelines for public consultation. These could be applied from January 1, 2024. To obtain or keep the label, funds will have to make sector exclusions, notably in non-conventional fossil fuels.
Sabrine Aouida, Head of ESG Regulation at WeeFin, answeredAlexandra Milleret 's questions for Wansquare, part of the Les Echos group.
"We will be moving from fairly general criteria to something more specific, with, for example, more stringent indicators to be monitored to verify the fund's extra-financial performance. Quantitative rules have also been proposed to enable us to challenge funds more effectively. For example, an SRI fund with a selectivity or rating improvement approach will have to lower the threshold for reducing the initial investment universe from 20% to 30%."
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