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Press release
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Libertés & Solidarité is unique among socially responsible investment funds in France. It was created by FIDH in 2001 with the backing of La Banque Postale, Caisse des dépôts and Macif. It allows private and institutional investors to combine both ethics and solidarity, through the inclusion of human rights criteria in stock selection, and a profit-sharing mechanism between FIDH and subscribers.

A precious source of funding

Thanks to its performance-sharing mechanism, whereby half of the distributed revenue is donated to FIDH, Libertés & Solidarité is a valuable source of funding that contributes to FIDH’s actions worldwide. It provides flexible funding that contributes to FIDH’s financial independence and provides resources for emergency actions.

A positive impact on human rights

FIDH has produced specific methodology for the evaluation of states and companies. Through Libertés & Solidarité it is building an investment universe that uses criteria that focus on human rights. Investments are composed of approximately two thirds of government bonds and one third shares and private bonds.


Every two years, in collaboration with researchers from the University of Essex, United Kingdom, FIDH publishes a study evaluating how EU Member States fulfill their obligations in respect of human rights. In 2018, FIDH ranked the 28 EU Member States on the basis of 67 human rights and 15 environmental indicators, with the aim that responsible investors act on this assessment in order to encourage states to improve their human rights performance.

The human rights criteria include gender equality, labor rights, freedom of expression, corporate responsibility, and the promotion of human rights at home and abroad, among others.

The percentage of government bonds that the asset manager includes in the portfolio is based on this country ranking system. Countries ranked from 1 to 5 represent at least 50% of the bond portfolio of the fund. Countries ranked 6 to 10 represent 0 to 50%, while countries ranked 11 to 15 make up a maximum of 20%.

Countries with the highest ranking in 2018

1. Sweden; 2. Finland ; 3. Denmark ; 4. Austria ; 5. Ireland ; 6.Germany ; 7. Slovenia; 8 .Netherlands ; 9.France ; 10.Spain ; 11. Italy ; 12. United Kingdom ; 13. Luxembourg ; 14. Czech Republic ; 15. Portugal

Business enterprises

FIDH has long advocated for the respect of economic, social and cultural rights in the context of globalisation. It is actively investigating, documenting and supporting victims of human rights violations by business enterprises. Together with its member organisations, FIDH pushes governments to protect populations against such abuses. At the international level, FIDH advocates for organisations such as the EU or the UN to ensure economic actors respect human rights.

Drawing on its expertise and together with the independent Ethics Committee of Libertés & Solidarité, FIDH defines key human rights criteria for each sector of activity. These criteria may, for instance, include working conditions, non-discrimination, freedom of association, the right to health or the rights of indigenous people.

FIDH regularly engages in dialogue with companies both before and after they are integrated into the investment universe. It specifically reserves the right to exclude any company involved in controversial activities.

The arms and nuclear energy sectors are excluded from the investment universe, as well as companies that participate in or benefit from economic activities carried out in Israeli settlements in the Occupied Palestinian Territory (OPT)

Children working in a ship-breaking yard in Bangladesh

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Our Ethical fund is labelled by Finansol and Novethic.

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