Board of Directors

The CLA is governed by a Board of Directors consisting of representatives from the financial sector and from the non-financial sector, e.g. academia and civil society.

Not more than half of the directors will be representatives of the financial sector (“Financial Sector Directors”). At least half of the directors will be representatives of the non-financial sector (“Independent Directors”). Hence, the number of Financial Sector Directors cannot exceed the number of Independent Directors.


Independent directors

Olivier Marquet - Chair

Until recently, Olivier was Director General of UNICEF Belgium and before he was Managing Director of Triodos Bank Belgium (2003-2015). During his time at Triodos, he gave more than 100 conferences on sustainable finance and gave his advice to a number of social and environmental associations. With a long career and expertise in sustainable investment, he is currently member of the advisory committee of the Louvain School of Management and of the King Baudouin Foundation.

Marie Delvaulx (The Shift)

Marie is Director of The Shift - the Belgian reference network for sustainability. She brings the Shift a range of robust experience including defining and implementing sustainability strategies in supply chains, product sustainability, waste management, plastics, diversity & inclusion, health and employee engagement.

Dieter Vander Beke (ICDO/FIDO)

Dieter is Managing Director of the Belgian Federal Institute for Sustainable Development (FISD), the successor of the Public Planning Service for Sustainable Development (PSS SD). After working for a decade in different ministerial cabinets and the administration as policy advisor on social economy and sustainable development, he started work for the PSS SD in 2008 to coordinate the Sustainable Production and Consumption unit.

Antoon Vandevelde (KU Leuven)

Antoon is an economist and a philosopher. He became emeritus professor at KU Leuven in October 2017 and continues his research and teaching. His great number of publications includes articles and books mainly in the field of economic ethics and political philosophy. He was full professor at the Institute of Philosophy of KU Leuven. Between 2007 and 2014 he was Dean of the Institute.


Financial sector directors

Karel Baert (Febelfin)

Karel is CEO of Febelfin, the Belgium Federation for financial sector. Before joining Febelfin he was Partner with Egon Zehnder, a global leadership advisory firm where he was a core member of their Financial Services and Public Sector Practice Groups serving banks, supervisors and multilateral organizations on an international basis. Karel started his career as an attorney and afterwards held management and board positions at Deutsche Bank, Bpost and Bpost Bank.

Tom Van den Berghe (Febelfin)

Tom is Senior Counsel Sustainable Finance at Febelfin, the Belgian Federation of the financial sector. In his current role, he led the development of Quality Standard and the label for sustainable financial products. He is also responsible for a wide range of sustainable finance issues, going from sustainable lending and investing, circular economy and microfinance. He studied philosophy and started his carreer at the Belgian Asset Managers Association (BEAMA).

Bart Vandermeiren (Assuralia)

Bart is Director of the Life and Health Insurance Department and member of the Board of Directors of Assuralia, the professional association of insurance and reinsurance companies operating in Belgium. Thanks to his actuarial background combined with his more than two decades of expertise in life and pension insurance issues, he serves also as an active member of the Advisory Commission of Supplementary Pensions, and of the National Pension Committee of the Belgian Government.



The Board of Directors is responsible for all the tasks and duties conferred to it under the Code of Companies and Associations (the “CCA”) and the articles of association. All board members should uphold the highest standards of integrity and probity.

In addition, the Board of Directors has the following tasks:

1. Supervise the CLA

The Board of Directors supervises the operations of the CLA and the procedures governing the labelling process to ensure the proper functioning and credibility of the ‘Towards Sustainability’ label. The Board may initiate and decide upon any actions towards realising the aims of the CLA.

2. Update the quality standard

The Board of Directors ensures that the quality standard remains compatible with regulatory and market developments. The Board of Directors decides upon changes to the quality standard, after consultation of the Advisory Commission.

3. Award the label

The Board of Directors decides on the awarding of the ‘Towards Sustainability’ label to individual products, based on the advice received from the Eligibility Commission.

In its decision-making the Board of Directors will focus on safeguarding the internal coherence of the advices received from the Eligibility Commission and on the integrity of the awarding process.