The French Public Authorities launches the Energy and Ecological Transition for Climate Label
This voluntary French certification, the “Energy and Ecological Transition for Climate” Label (Transition Energétique et Ecologique pour le Climat, TEEC), was initiated by the Commissioner-General for Sustainable Development, supervised by the Ministry of Environment, by means of a specific decree published in March 2016.
The objective is to further mobilize the savings towards ecological and energy transition features, to highlight existing investment funds and to encourage the creation of such “green” funds. For investors, especially private investors, this label represents a guarantee of quality and transparency.
According to NF EN ISO/IEC 17065 standard (service certification), the certification bodies are going to control the completeness of documents accompanying the labeled fund, and to verify the « green part » calculation.
More generally, this certification is part of the 2015 public policies relating to energy transition for green growth. This development is linked to the recent Socially Responsible Investment Label opened in January 2016, aiming to promote socially responsible funds.