The Central Labelling Agency (CLA)

The Central Labelling Agency (CLA) is a not-for-profit association incorporated under Belgian law.

The goal of the CLA is to enlarge the impact and substance of sustainable saving and investing, and to substantially strengthen the qualitative approach to sustainable saving and investing.

It consists of three bodies:

  1. Board of Directors: has, among others, the responsibility to supervise the CLA, update the quality standard and award the ‘Towards Sustainability’ label.
  2. Eligibility Commission: has the responsibility to advise the Board of Directors on awarding the ‘Towards Sustainability’ label to individual products, based on the assessment reports received from the independent verifier.
  3. Advisory Commission: has the responsibility to advise the Board of Directors on changes to the Quality Standard.

The Verifier is independent of the CLA but is appointed by the CLA to perform the technical and in-depth verification of alignment of the products that applied for the label.

The CLA is governed by and functions in accordance with the Belgian Code of Companies and Associations (the “CCA”) and its articles of association.