engleski

Evaluation criteria for ˝Portfolio Greenness˝ within financial retail products

The variety and content of financial retail products (FRPs) on the market is highly associated with contemporary social issues, especially environmental and health protection. It is common for most products to be ecolabelled or certified to indicate the impact of the products in relation to the global sustainable development agenda. Although eco-labelling is very common for tangible products, financial products in the retail sector in the EU are also in the process of developing "green" criteria. The aim of this paper is to analyse how to manage criteria for green labelling of FRPs, based on the proposed guidelines. The research analyses investments made in environmentally sustainable economic activities based on the total portfolio value of assets under "green" management. The research results indicate reasonable criteria and portfolio thresholds for defining ˝portfolio greenness˝. Environmental criteria for different FRPs such as UCITS, bonds and insurance funds are designed into the research and econometric analysis to determine whether investments in stocks, bonds or loans are being used for financing activities that prevent negative impacts related to climate change or reduce negative environmental and social effects. The general findings of the research indicate a useful application of the green criterion to identify FRPs that are invested exclusively in environmentally sustainable activities. The market objective is to provide consumers of FRPs with realistic information about the opportunities of "green" investments, their sustainable returns and future trends.

sustainability, finance, ecology, funds, bonds, criteria

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