Financial tools whose management include socially responsibility criteria in addition to financial criteria
The certification in accordance with Standard UNE
165001 Social responsibility, socially responsible financial products, Requirements of investment products, seeks to improve understanding and confidence in this type of products through transparency and independence, incorporating ESG criteria in the definition and management of these types of financial products.
It is applicable to the following types of products:
investment funds, personal and employment pension funds, life-savings insurance and venture capital firms and funds.
To be considered socially responsible according to the standard UNE 165001, products must meet general requirements and other specific requirements that, depending on the type of product, present certain nuances or complements. General requirements are:
- Product name and idea of Socially Responsible Investment, SRI.
- Committee
SRI (with a majority of independent members).
- Filter
SRI.
- Fulfillment of criteria
SRI.
- Exercise of constitutional laws.
- Transparency in management, and in dealings with clients and society.
Benefits:
- Transmit trust, transparency and clarity to clients.
- Differentiation from the competition.
- Independence through the Committee
SRI.
- Product control.
- Implementation of a standard designed for all parties concerned with
SRI.
