The Greenfin Label Committee, chaired by the French Ministry of Ecological Transition, launched a review in 2024 of the label’s specifications, in line with national (ISR label), European (taxonomy, EU GBS, SFDR, etc.), and international (Green Bond Principles) developments.

Discussions within the Committee highlighted an increasing need for transmitting the characteristics of Greenfin-labeled funds to the Committee. In response, the General Commissariat for Sustainable Development (CGDD), which presides over the Committee, established a partnership with Manaos to facilitate the provision of aggregated and anonymized data on Greenfin funds to the Committee.

The new framework resulting from this work was published on January 29, 2025 and now mandates the systematic transmission of fund inventories to the Ministry.

This partnership between the CGDD and Manaos simplifies the transmission of the compositions of Greenfin-labeled funds to the Committee, enabling them to assess the alignment of these funds with various ESG (Environmental, Social, and Governance) criteria. The agreement is in place until September 2025 and may be renewed if necessary.

For more details, see the press release from the Ministry of Ecological Transition: https://www.ecologie.gouv.fr/presse/mobiliser-lepargne-benefice-transition-ecologique-label-finance-verte-greenfin-fete-ses-dix

*Manaos is operated by AELX SAS, a subsidiary of BNP Paribas.

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