The product group includes equity fund, bond funds, mixed funds and investments products. Nordic Swan Ecolabel funds must fulfil requirements within four different sustainability strategies.
• Exclude the worst companies and industries within coal, oil, gas, nuclear, tobacco, weapons, and non-compliance with international norms.
• Include more sustainable companies, by rewarding companies with strong sustainability work seen from a ESG and EU Taxonomy perspective. The criteria also have a special focus on sectors with high GHG emissions and / or high risk of biodiversity impact.
• Exercise active ownership, by engaging with companies where there is uncertainty as to whether they live up to international norms if the company is not sold.
• Publish all holdings in the portfolio and publish an annual sustainability report.
In addition, the fund shall collect points by showing a strong green inclusion or a strong active ownership.
Below you will find all the necessary documents and background information to apply for the Nordic Swan Ecolabel.
The criteria document for funds is an overall document for the commodity groups:
Investment funds
Investment products
Fees are charged per commodity group according to the price list below.
Application fee
Application fee including one on-site inspection within the Nordic countries
3 000 EUR (per fund) excl. VAT.
Index funds:
2 000 EUR (per fund) excl. VAT for index funds that base their application on an index that has been pre-evaluated and approved by Nordic Ecolabelling.
Index providers and investment products:
125 EUR per hour excl. VAT.
Renewal fee
1 500 EUR (per fund) excl. VAT.
Annual licence fee
Annual Nordic licence fee
The annual licence fee is based on the size (AUM*) and the ongoing charges of the fund.
The licence fee is determined by calculating the average AUM held by Nordic unitholders (during the period of the year when the fund has had a valid Nordic Swan Ecolabel license). VAT is added.
Ongoing charges of fund | Licence fee
≥ 1.00% 0.0015% of AUM
<1.00 % 0.0014% of AUM
<0.80% 0.0013% of AUM
<0.60% 0.0012% of AUM
* Assets Under Management
Annual fee, index providers
1 500 EUR (one-day inspection) + travel costs. Please refer to "Fees for on-site inspections". If more than a working day is required for the inspection, an extra fee of 125 EUR per hour is charged.
Annual fee, Investments products
2 000 EUR + travel costs
Minimum fee for a Nordic fund licence
1 500 EUR per year excl. VAT
Maximum fee for a Nordic fund licence
10 000 EUR per year excl. VAT and 100 000 EUR per group, at a minimum 2 000 EUR per fund.
NB! Funds can also be marketed with the Nordic Swan Ecolabel outside the Nordic countries. The licence fee for funds is based on the AUM that Nordic unitholders hold in the Nordic Swan Ecolabelled fund.
Fees for extensions/alternation of the licence
Extension/alteration of existing licence
Fees will be charged according to how long it takes to deal with the matter:
- Less than 4 hours: 375 EUR excl. VAT
- Between 4 and 8 hours: 750 EUR excl. VAT
- More than 8 hours: 1 500 EUR excl. VAT
Fees for on-site inspections
Extra fee for additional on-site inspection within the Nordic countries
500 EUR excl. VAT per visit
On-site inspection outside the Nordic region, but within Europe *)
1 500 EUR excl. VAT per visit
On-site inspection outside Europe *)
2 500 EUR excl. VAT per visit
*) There is an extra fee of 1 000 EUR per day, if the inspection takes more than one day.