Independent supervision and verification
Independent supervision by the Central Labelling Agency (CLA) protects the integrity of the quality standard and the label. The CLA manages their continuing development and appoints a third-party verifier. This Verifier performs the technical and in-depth verification of the alignment of products applying for the label. In addition, the Verifier monitors ongoing compliance and audits the product manager.
Independent supervision
Board of Directors
- Chair (independent)
- Independent directors
- Financial sector directors
Secretariat
Verifier
Eligibility Commission
- Chair (independent)
- Independent experts
- Financial sector experts
Advisory Commission
- Chair (non-financial)
- Civil society actors
- Financial sector actors
Multi-level verification by the verifier
Methodology screening
- Sustainability strategies
- Compliant investment policies - ESG due diligence - exclusions
- Internal organisation - processes - data sources
Portfolio Composition Check
- Focus on do no harm criteria
- 10% of portfolios per manager per year
Regular monitoring
- Throughout the year
- Focus on high-risk sector exposures
Reporting
- Annual record of temporary non-compliance
On-site Audit
- Each manager is visited once every 3 year
The Verifier partnership
Forum Ethibel
A non-profit organisation with 30 years of experience in ESG auditing and certification.
ICHEC Brussels Management School
A Brussels-based management school focussed on transversal research and developing transdisciplinary expertise such as sustainable business models and sustainable finance.
University of Antwerp
Its Faculty of Business and Economics provides high-quality academic education and scientific research in management and economics, with a focus on sustainability and internationalization.