Arrêté du 3 août 2023 modifiant l’arrêté du 8 janvier 2016 définissant le référentiel et le plan de contrôle et de surveillance du label « investissement socialement responsable »

Order of 3 August 2023 modifies the Order of 8 January 2016 defining the reference system and the control and monitoring plan for the „socially responsible investment“ label. Annex No. 1 to the Order of 8 January 2016 defining the control and monitoring plan is replaced by the Annex attached to this present order, which can be consulted on the website of the Ministry of Economy and Finance.
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As a reminder, the concept of SRI applies the principles of sustainable development to the realm of financial investment. It involves investing in companies that incorporate social and environmental considerations into their development models, going beyond purely financial criteria.
SRI encompasses various approaches, including the integration of non-financial criteria (environmental, social, ethical, and governance) into investment decisions and portfolio management. Three main forms of SRI are prominent:
1. Socially responsible or sustainable funds: These funds evaluate publicly traded companies based on social and environmental criteria, alongside financial indicators, to select those performing well in terms of sustainability.
2. Exclusionary or ethical funds: More common in Anglo-Saxon countries, these funds exclude sectors like arms, gambling, and tobacco for moral or religious reasons, and may also avoid environmentally harmful activities such as GMOs or nuclear energy.
3. Shareholder engagement or activist investing: Investors advocate for stronger corporate social responsibility policies either through direct communication or by exercising voting rights at shareholder meetings. This approach may include resolutions related to environmental or social issues.
These strategies are sometimes inaccurately labeled as ethical investments, which also include other financial products like profit-sharing funds and solidarity-based savings.