Central Labelling Agency of the Belgian SRI label (CLA)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- More than 500 billion EUR managed respecting the criteria of the Quality Standard.
Social Achievements
- The Towards Sustainability label has become the market standard for sustainable financial products in Belgium and increasingly also in other European countries.
Governance Achievements
- Independent expert verification is essential for the credibility of any label. The CLA has appointed a Verifier for this task.
Climate Goals & Targets
Short-term Goals:
- Gradual increase of the level of ambition of the Quality Standard
Environmental Challenges
- Information from external sources is rarely unambiguous, not always complete, or up-to-date, and therefore cannot be followed blindly.
- The evolving and aspirational character of sustainability.
Mitigation Strategies
- It always remains the responsibility of the portfolio manager to conduct an in-depth financial and sustainability analysis based on available data, and to decide whether or not the investment in a particular company or government fits in with the investment policy of the sustainable product.
- Regular review and tightening of criteria in a multi-stakeholder context to keep in tune with evolving societal needs, investor expectations, scientific insights, data availability and regulatory framework.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SFDR
Third-party Assurance: Verifier (partnership of Forum Ethibel, ICHEC Brussels and the University of Antwerp)