FNG-LABEL
Advanced Impact Research GmbH (AIR) is the independent certification body for the FNG-Labels. We review and assess the submitted applications according to a documented and transparent procedure and award the labels on the basis of the Rules of Procedure and the General Certification Terms and Conditions.
All relevant information on the certification of the FNG-Labels
BRIEF DESCRIPTION
Both FNG-Labels share the same structure: a binding minimum standard (“mandatory”) with minimum exclusions and a grading model (“optional”) with up to three stars. The distinction between the two labels is based on a detailed questionnaire.
Established FNG-Label
- Objective: value-oriented, management of ESG opportunities and risks, or sustainable investments (SFDR/EU taxonomy)
- Investment strategies: e.g. exclusions, best-in/of-class approaches, thematic investments or engagement
- Minimum exclusions: in accordance with the Rules of Procedure, apply to 100% of the portfolio
- Grading model: 0–3 stars
FNG-Label Transition
- Objective: transition
- Investment strategy: exclusively sustainable transition strategies
- Minimum exclusions: in accordance with the Rules of Procedure, apply to 100% of the portfolio
- Transition approach: at least 80% of the portfolio
- Grading model: 0–3 stars
APPLICATION
Applications for the FNG-Labels 2027 are submitted digitally via the online tool. Financial products (in particular investment funds) and wealth management universes with sustainability characteristics that are authorized for distribution in Germany, Austria, Switzerland or Liechtenstein, or for which authorization has been applied for with the competent supervisory authority, are eligible to apply, provided that the applicable access requirements are met.
Optional pre-screening: It provides an initial assessment of whether your product is likely to meet the essential requirements and which of the two labels is the better fit. It does not replace the full assessment and does not establish any entitlement to a label.
The application and assessment are based on the Rules of Procedure and the General Certification Terms and Conditions.
KEY DOCUMENTS
The following documents are authoritative for the application, the assessment and the use of the labels:
Rules of Procedure FNG-Label 2027
Process, criteria, deadlines, fees and rules on the use of the label
General Certification Terms and Conditions
Rights and obligations in the certification procedure
AWARDED PRODUCTS
Here you will find all products that have been awarded an FNG-Label. A label is valid from the date of award until the end of the following calendar year – provided that the product continues to meet the criteria in a re-assessment, which may take place at any time.
Awarded Products FNG-Label 2026
Valid until 31 December 2026
Awarded Products FNG-Label 2027
Valid until 31 December 2027
Only the overview of awarded products published on air4p.de is binding.
COMPLAINTS & APPEALS
Advanced Impact Research GmbH has a documented procedure for handling complaints and appeals. Complaints and appeals are reviewed, decided and documented confidentially, impartially and traceably.
Complaint
A complaint can be submitted if there is cause for dissatisfaction in connection with the certification activities.
Appeal
An appeal is directed against a formal certification decision. Applicants may lodge an appeal within 14 calendar days of notification of the certification decision.
CONTACT
Do you have questions about the FNG-Labels or the application? We are happy to help: kontakt@air4p.org
