
Ethibel
Forum ETHIBEL asbl
Certify investment funds as socially and environmentally responsible with Ethibel labels
Key Strengths
- Over 30 years of expertise in SRI verification and sustainable finance
- Two distinct quality labels (ETHIBEL PIONEER and ETHIBEL EXCELLENCE) for differentiated positioning
- Registered trademarks protected in Benelux, EU, and internationally
- Independent third-party verification process ensures credibility
- Rooted in multi-stakeholder dialogue with companies, NGOs, trade unions, and governments
- Focused exclusively on CSR-screened investment registers for rigorous fund eligibility
Ideal For
This certification is best suited for asset managers, investment fund providers, and financial institutions in Europe that want credible, third-party-verified recognition of their fund's socially responsible investing (SRI) credentials. It is particularly valuable for funds targeting ESG-conscious retail and institutional investors who require an independent quality label to distinguish genuinely sustainable products from greenwashing.
Target Audiences
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Alignment & Recognition
Accrediting Body
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Overview
The Ethibel certification program, managed by Forum ETHIBEL asbl, is a labeling system designed to identify and recognize investment funds that meet rigorous standards for Corporate Social Responsibility (CSR). The program operates in Europe and is aimed at asset managers, investment fund providers, and financial institutions seeking to demonstrate that their products align with sustainable and ethical investing principles.
Forum ETHIBEL maintains two distinct quality labels: the ETHIBEL PIONEER label and the ETHIBEL EXCELLENCE label. These labels are awarded to investment funds whose holdings are drawn exclusively from the ETHIBEL investment register — a curated list of companies that Forum ETHIBEL has evaluated as performing a leading or pioneering role within their sector across all CSR dimensions, including environmental protection, social justice, and sound governance. Both labels are officially registered trademarks protected in the Benelux, the European Union, and internationally.
The certification is relevant for fund managers who want a credible, third-party-verified signal of their fund's sustainability credentials. By earning an Ethibel label, a fund can communicate to investors — particularly those focused on Socially Responsible Investing (SRI) — that its underlying holdings have been independently screened against established CSR criteria. Forum ETHIBEL also plays a broader role in fostering dialogue between companies, governments, trade unions, NGOs, and the investment community to advance sustainable finance in Europe.
Requirements & Verification
Evidence Requirements
Conformity with Ethibel's standard is verified by an independent organization (third party).
Prerequisites
Assessment Process
Certification is awarded following an independent third-party verification process in which an external auditor reviews the fund's holdings against the ETHIBEL investment register and evaluates compliance with Forum ETHIBEL's CSR criteria across environmental, social, and governance dimensions. No written exam is involved; the process is documentation- and audit-based.
Renewal & Compliance
Certified funds are subject to ongoing monitoring and periodic re-verification by an independent third party to ensure continued compliance with Ethibel's CSR standards and eligibility criteria based on the ETHIBEL investment register. Specific renewal intervals and fees are determined by Forum ETHIBEL on a case-by-case basis.
Accountability Model
Consider Alternatives If...
Avoid this certification if your fund operates primarily outside Europe, as Ethibel's recognition and market relevance is concentrated in the European SRI market. Funds seeking a globally recognized label or one with broader retail investor brand awareness may find alternatives like the LuxFLAG or Towards Sustainability label more appropriate for their distribution strategy.
Alternative Programs
Frequently Asked Questions
Quick Facts
Certification
English, French
1992
How to Use This Label
Certification Details
Assessment
Verification
Structure
Governance
Fee Structure
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Sources & Citations
Content on this page is AI-enriched from primary sources.
Program WebsiteForum ETHIBEL asblLast verified Mar 11, 2026