French government chooses two firms to award green label

The French ministry of Environment has announced Novethic and EY France will be responsible for awarding the green label Transition énergétique et climat to investment funds that are available to French investors.

This label whose launch was announced in September 2015 aims to help French investors to finance the energy transition by choosing funds that only focus on green economy. It will be granted for one year.

The French government expects the label to boost the launch of green funds in France as well as the reporting of environmental measures taken by companies in their activities.

Asset management firms can already apply to obtain the label.

First funds are to be labelled as from Spring 2016.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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