The Luxembourg-based European Fund Administration (EFA) has once again received the Gold rating for sustainability from the independent assessment agency EcoVadis.
Social and environmental issues impact every industry and that affects investment funds as a key source of financing to the economy as a whole. The trend among asset managers is toward incorporating environmental, social responsibility and governance criteria into their investment strategies.
For years, EFA has been acting to reduce its impact on the environment and to ensure a high level of ethics and human rights in its daily work. As a result, the fund administration has again bee nawarded the Gold rating by EcoVadis.
EcoVadis assesses more than 75,000 companies in 160 countries. These assessments comprehensively cover four key corporate social responsibility (CSR) practices: environment, ethics, fair labour and human rights and sustainable procurement.
EcoVadis methodology is built on international CSR standards including the Global Reporting Initiative, the United Nations Global Compact and the ISO 26000.
EFA has received the Gold rating every year since 2018.