On 25 January 2019, ALFI answered the first stakeholder questionnaire on the product scope and criteria definition of the EU Ecolabel for financial products. Led by the European Commission Joint Research Group (JRC), this questionnaire is designed to inform about the development of EU Ecolabel criteria for financial products addressed to retail investors.
The EU Ecolabel criteria will define the minimum environmental performance of this product group and will be based on the requirements of the EU Ecolabel Regulation 66/2010, with the objective of awarding the label to financial products that show the best environmental performance. The EU Ecolabel can also include social criteria.
The findings from this questionnaire will be used by JRC to inform about the development of the first draft proposals for the scope, investment strategies and economic activities and will be complemented by information concerning the marketing of these products and user behaviour. These proposals and findings are an intermediate step in the EU Ecolabel criteria development process and will be discussed at the first stakeholder meeting in April 2019. Further on, the JRC will work towards the development of a detailed criteria proposal which should be discussed at the second stakeholder meeting, anticipated for autumn 2019.
The document is available here.