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Nordic Swan Ecolabel for sustainable investment funds

What stands behind the label?

The Nordic Swan Ecolabel was introduced in 1989 by the Nordic Council of Ministers and issues their label for different product groups for different industries. For investment funds in the countries Denmark, Finland, Sweden, Iceland and Norway the label can be issued since 2017.

The Nordic Swan Ecolabel consists of several exclusion and inclusion criteria in combination with a points model, some of which must also be fulfilled on a mandatory basis.

What are the key points of the label?
Key points
Disclosure of the sustainability criteria for the award of the label

The criteria are published and clearly explained on the website. The criteria for awarding the label to investment funds include four categories: exclusion criteria, positive criteria (e.g. the fund must be involved in at least 70% sustainable practices), active stakeholder participation and transparency.

Key points
Independence of the organization awarding the label

LUXEMBOURG FINANCE LABELLING AGENCY (LuxFLAG) is an independent and international non-profit association.

Key points
Multiple-step process when the label is awarded by a number of parties

The label is awarded exclusively by the respective Nordic Swan country offices without any additional instances in the process.

Which financial products are evaluated with it?

Funds are assessed with the Nordic Ecolabel . In 2022, around 30 funds in three different fund categories were awarded the label. Click on the button to go to the Nordic Swan Ecolabel website and discover the financial products awarded with the label.

Source: Ecolabelling Sweden AB