Investor protection

Protection of the saver and transparency of information constitute key priorities for the asset management professionals that are members of the AFG (Association Française de la Gestion Financière – French Asset Management Association). This new form of investment requires a degree of strictness and increased transparency for savers.

Code of transparency for SRI funds open to the general public

This Code of Transparency constitutes the current French version of the key principles of the European Code of Transparency, drawn up by the Eurosif in May 2005.

The key principles for SRI funds open to the public are as follows:

• improvement of the legibility and transparency of the SRI funds initiative with respect to investors, savers and all other stakeholders,
• contribution to the reinforcement of more proactive self-regulation encouraging the development and promotion of SRI funds by means of the implementation of a common framework bringing together the best practices in terms of governance.

On the initiative of the SRI Commission and in collaboration with the Forum for Responsible Investment, the AFG updated the AFG/FIR’s Code of Transparency in 2008 for SRI funds open to the public. Groupama Asset Management was one of the co-sponsors for this project.

The AFG/FIR’s Code of Transparency was approved by the Board of Directors of the AFG and the FIR and validated by the Eurosif. It was publicised and compulsory in January 2010 and became effective on 15 June 2010 for all SRI funds open to the public.The list of conforming SRI funds is published on the AFG and FIR sites.

The SICAV Euro Capital Durable and the euro credit bond fund Groupama Crédit Euro ISR already both adhere to this Code of Transparency.