Glossary

The transparency code is the French version, approved by the AFG and the FIR, of the transparency guidelines for mainstream funds drawn up by the EuroSIF. It is based on the observation that it is difficult to give a single definition of SRI apart from the way in which it is applied (taking into account extra-financial criteria in the construction of securities portfolios, dialogue with companies and the exercise of voting rights in the various areas of corporate social responsibility, etc.) and, consequently, a requirement for greater transparency for investors in this new form of investment. The purpose of this code is therefore to provide clearer information on funds claiming to be SRI.