Forum Nachhaltige Geldanlagen e.V.

What Forum Nachhaltige Geldanlagen e.V. does

Forum Nachhaltige Geldanlagen e.V. (FNG) is a Berlin-based registered non-profit association (eingetragener Verein) founded in 2001 that serves as the leading industry body for sustainable investments in the DACH region (Germany, Austria, Switzerland). The organization operates as a multi-stakeholder membership platform bringing together banks, asset managers, rating agencies, financial advisors, academic institutions, insurers, NGOs, and private individuals to develop market standards, publish market intelligence, and advocate for sustainable finance regulation. FNG is a founding member of Eurosif and connects to the global GSIA network.

FNG's core offerings are organized around three pillars: quality standards, market intelligence, and professional development. The FNG-Siegel (launched 2015, with annual independent review by F.I.R.S.T. e.V. and AIR) and FNG-Nachhaltigkeitsprofile (launched 2012, 316 listed funds) provide quality assurance and product-comparison infrastructure for sustainable investment funds. The FNG-Marktbericht (annual market report since 2005, 20th edition published June 2026) is the reference publication for sustainable investments in Germany and Austria. The Weiterbildung Nachhaltige Geldanlagen certified advisor program (EFPA ESG Advisor accredited, EU-funded via EURENI consortium) and ESG Microlearning extend the offering into professional education, particularly for MiFID II compliance.

FNG generates revenue through membership subscriptions, FNG-Siegel certification fees, sustainability profile listing fees (€150/year for members, €400/year for non-members), annual market-report sponsorships (platinum/gold/bronze tiers with Ökoworld as platinum and Erste Asset Management as silver), and continuing-education programs. The association maintains a lean operational team at its Berlin headquarters (Geschäftsstelle) and is governed by a member-elected board (Vorstand) with three deputy chairs representing Germany, Austria, and Switzerland, achieving gender parity in November 2025.

Name

Forum Nachhaltige Geldanlagen e.V.

Legal name

Forum Nachhaltige Geldanlagen e.V.

Website

https://forum-ng.org

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Forum Nachhaltige Geldanlagen e.V. (FNG) is a Berlin-based non-profit industry association founded in 2001 serving banks, asset managers, advisors, and other stakeholders in the DACH sustainable finance market with quality standards, annual market intelligence, and certified advisor training.

Ownership category

akta.pro rank

Product category

Sustainable Finance Industry Association

NAICS

Business Associations (813910)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Sustainable/Thematic Investing (Climate, Clean Tech, Water, Biodiversity) (FSAAALAB)

akta.pro secondary industries

Values-Based/ESG & Impact-Focused RIAs (FSAAACAK), Sustainability & ESG Consulting (BPAHACAK), ESG/Sustainable & Thematic Digital Investing Platforms (FSAGAEAK)

Keywords

• Sustainable investment standards
• ESG fund certification
• Sustainable finance research
• Financial advisor education
• Industry association services

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Membership fees: Annual membership fees for the association. Ordinary members are companies, organizations, and institutes interested in sustainability and financial services. Private individuals can join as supporting (Förder-) members. Two or more companies of the same group can take out a group membership with a 50% discount on the cheaper membership(s).
2. FNG-Siegel certification fees: Annual certification fees for the FNG quality seal for sustainable investment funds. Funds undergo annual independent review by F.I.R.S.T. e.V. and AIR.
3. FNG-Nachhaltigkeitsprofile listing fees: Annual listing fees for the FNG sustainability profiles — €150 for FNG members, €400 for non-members per profile.
4. Annual market report publication: The FNG-Marktbericht is produced annually with sponsorship from industry members (platinum, gold, bronze tiers). Sponsors include Ökoworld (platinum), Erste Asset Management (silver), and others including BIB Bank im Bistum Essen, Invest in Visions, GLS Bank, EthiFinance, Kepler-Fonds, Ralf Lemster Financial Translations, and Oikocredit.
5. Continuing education and training programs: Certified professional education for financial advisors on sustainable investments (Berater:in Nachhaltige Geldanlagen), certified by EFPA ESG Advisor. The program is online-based, modular, approximately 10 hours, plus a 3-hour webinar. Also includes ESG Microlearning (free introductory course). Customized courses are available for organizations upon request. Delivered jointly with ÖGUT.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Forum Nachhaltige Geldanlagen e.V. (FNG) is a non-profit industry association that develops and disseminates quality standards, market intelligence, professional education, and policy positions for the sustainable investment industry in the DACH region. Its paid offerings include the FNG-Siegel quality certification for sustainable funds, listing in the FNG-Nachhaltigkeitsprofile directory (€150 members / €400 non-members), the annual FNG-Marktbericht market report (sponsor-supported), and certified continuing-education programs for financial advisors on sustainable investments (EFPA ESG Advisor accredited). Membership itself, including access to working groups and the network, is a core paid offering.

Product overview

Forum Nachhaltige Geldanlagen e.V. is a professional association (Fachverband) for sustainable investments operating in Germany, Austria, and Switzerland since 2001. The organization offers a portfolio of interconnected products and services: the FNG-Nachhaltigkeitsprofile (sustainability profiles for funds, since 2012) and FNG-Siegel (quality seal for sustainable funds, since 2015) serve as quality assurance and orientation tools for investors and advisors; the FNG-Marktbericht (annual market report since 2005) provides market intelligence on sustainable investments; and continuing education offerings (Weiterbildung Nachhaltige Geldanlagen, ESG Microlearning) along with the MiFID II guide support professional development for financial advisors. Working groups and policy papers round out the organization's role as the central reference point for sustainable finance in the German-speaking region.

Differentiator

Problem solved

Functional benefit

Brands

• FNG-Siegel: The FNG Quality Seal for sustainable investment funds, the SRI quality standard in the German-speaking financial market since 2015.
• FNG-Nachhaltigkeitsprofile
• FNG-Marktbericht

Products and services

• FNG-Siegel (FNG Quality Seal)
• FNG-Nachhaltigkeitsprofile (FNG Sustainability Profiles)
• FNG-Marktbericht Nachhaltige Geldanlagen (Annual Market Report)
• Weiterbildung Nachhaltige Geldanlagen (Certified Training: Berater:in Nachhaltige Geldanlagen)
• ESG Microlearning
• Leitfaden zur Abfrage der Nachhaltigkeitspräferenzen (MiFID II Guide)
• Transparenzkriterien für nachhaltige Immobilienfonds (Transparency Criteria for Sustainable Real Estate Funds)
• FNG-Arbeitsgruppen (Working Groups)

Quantifiable outcome

• 316 sustainable investment funds listed in the FNG-Nachhaltigkeitsprofil directory
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

21 partnerships are on record, tiered minor and core.

• AFPA (Agentur für professionelle Absatzfinanzierung)minorGTM or Marketing PartnerAFPA is the Austrian industry association of self-employed insurance intermediaries and financial advisors. Represents over 13,000 insurance brokers, wealth advisors, and insurance agents working with AFPA member businesses. FNG maintains a forum partnership to promote sustainable finance awareness among financial advisors in Austria.
• AfW (Bundesverband Finanzdienstleistung e.V.)minorGTM or Marketing PartnerAfW is the professional association representing independent financial advisors in Germany, representing approximately 40,000 insurance brokers and independent financial advisors from over 2,000 member companies. FNG maintains a forum partnership for mutual promotion of sustainable finance education and standards.
• BIII (Bundesinitiative Impact Investing)coreStrategic or Co-development PartnerBIII is a trans-sectoral competence platform for impact investing with over 90 members. BIII and FNG jointly operate the AG Institutionelles Impact Investing working group to develop solutions for institutional investors and asset managers in impact investing, and to prevent impact washing. The partnership is central to FNG's institutional impact investing strategy.
• Bundesverband Deutscher StiftungenminorGTM or Marketing PartnerGermany's largest and oldest foundation association, representing over 23,000 foundations with more than 4,500 members. Forum partnership to promote sustainable finance awareness among foundations as asset owners.
• BVI (Bundesverband Investment und Asset Management e.V.)minorGTM or Marketing PartnerBVI represents the German investment industry. Its 114 members manage approximately €3.1 trillion in OGAWs, AIFs, and discretionary mandates, covering over 95% of the German market. Forum partnership for cross-industry collaboration on sustainable finance standards.
• FondsfrauenminorGTM or Marketing PartnerLeading career network for the promotion and advancement of women in the finance industry. Founded in 2015, with over 5,000 members from Germany, Austria, Luxembourg, and Switzerland, supported by 65+ companies. FNG forum partnership to advance gender diversity in sustainable finance.
• ÖGUT (Österreichische Gesellschaft für Umwelt und Technik)coreStrategic or Co-development PartnerÖGUT is a platform for sustainable development with comprehensive services, connecting over 100 organizations and institutions from business, administration, science, and environment. FNG cooperates with ÖGUT on professional education (certified 'Berater:in Nachhaltige Geldanlagen' training program, co-developed under an EU-funded project) and biodiversity finance projects (EURENI).
• VfU (Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten e.V.)minorGTM or Marketing PartnerVfU is a platform for sustainability professionals from financial companies managing corporate responsibility, customer relationships, transactions, and business decisions through ESG analysis. Forum partnership to advance sustainability in financial institutions.
• VÖIG (Vereinigung Österreichischer Investmentgesellschaften)minorGTM or Marketing PartnerVÖIG is the umbrella association for all Austrian management companies and real estate capital investment companies, founded in 1988. Represents 100% of Austrian fund assets. Forum partnership to promote sustainable fund standards in Austria.
• VOTUM Verband Unabhängiger Finanzdienstleistungs-Unternehmen in Europa e.V.minorGTM or Marketing PartnerVOTUM represents independent financial advisors and insurance intermediaries in Germany and Europe, serving as their voice in policy advocacy. Forum partnership for cross-industry collaboration on sustainable finance advisory standards.
• Eurosif (European Sustainable Investment Forum)coreStrategic or Co-development PartnerFNG is a founding member of Eurosif, the European umbrella organization for Sustainable Investment Forums (SIFs) including those from Finland, France, UK, Ireland, Italy, Luxembourg, Poland, Sweden, Switzerland, Spain, and Czech Republic. Eurosif is well-connected at the political level, participates in EU consultations, publishes the Eurosif SRI Study (since 2002), and distributes a newsletter. FNG members gain automatic indirect membership in Eurosif (600+ companies).
• GSIA (Global Sustainable Investment Alliance)coreStrategic or Co-development PartnerThe GSIA is an international alliance of member-based organizations for sustainable investments worldwide, including members from Australia, Canada, Europe (via Eurosif), Japan, Netherlands, UK, and USA. Through FNG's Eurosif membership, FNG connects to this global network.
• CRIC (Corporate Responsibility Interface Center)coreStrategic or Co-development PartnerCRIC is a non-profit organization focused on corporate responsibility. Together with FNG and KlimaGut Immobilien AG, CRIC developed the 'Transparenzkriterien für nachhaltige Immobilienfonds' (Transparency Criteria for Sustainable Real Estate Funds) in a joint working group.
• KlimaGut Immobilien AGcoreStrategic or Co-development PartnerKlimaGut Immobilien AG is a sustainable real estate developer. Together with CRIC and FNG, it developed the Transparency Criteria for Sustainable Real Estate Funds as a multi-stakeholder initiative.
• F.I.R.S.T. e.V. (Forschungsinstitut für Ratings, Nachhaltigkeit und Transparenz)coreTechnology or IntegrationF.I.R.S.T. e.V. is a non-profit academic association that conducts independent review and assessment for the FNG-Siegel. Scientific direction is led by Prof. Dr. Timo Busch of Universität Hamburg. F.I.R.S.T. holds overall responsibility for coordination, awarding, and marketing of the FNG-Siegel.
• AIR (Advanced Impact Research GmbH)coreTechnology or IntegrationAIR is a university spin-off of the Sustainable Finance Research Group at Universität Hamburg. AIR conducts the operationalization of the FNG-Siegel review and assessment process, produces research, and co-develops the methodology for the FNG-Siegel. Core technical partner for quality assurance.
• B.A.U.M. e.V. (Bundesdeutscher Arbeitskreis für umweltbewusstes Management)coreStrategic or Co-development PartnerB.A.U.M. e.V. is a German environmental management association. Together with B.A.U.M., FNG supports the work of the TNFD (Taskforce on Nature-related Financial Disclosures) and founded the TNFD Consultation Group in Germany — a network of real economy and finance sector stakeholders applying and providing feedback on TNFD recommendations.
• Institut für Finanzdienstleistungen e.V. (iff)coreStrategic or Co-development PartnerThe iff (Institute for Financial Services) is a research institute. FNG cooperates with iff on the research project 'Nachhaltige Kreditvergabe für KMU' (Sustainable lending for SMEs), with support from GLS Bank. The project (December 2023 – June 2024) examines how credit conditions can be structured so smaller companies can actively participate in the ecological transformation.
• GLS BankminorStrategic or Co-development PartnerGLS Bank supports the FNG research project on sustainable SME lending as a cooperation partner, providing financing expertise for the initiative.
• EUROSIF (via EURENI project): European Consortium for Sustainable Finance QualificationcoreStrategic or Co-development PartnerThe EURENI project involves a European consortium including FNG, ÖGUT, akaryon GmbH (Austria), ECOeffekt (Germany), Ethix SRI Advisors (Sweden), Kaleidos Fachhochschule Schweiz, Novethic (France), UKSIF (UK), and Universiteit Gent (Belgium). The consortium developed the certified professional education 'Nachhaltige Geldanlagen' (Sustainable Investments) for financial advisors, funded by the EU.
• DNWE (DNWE – Deutsches Netzwerk für Wirtschaftsethik)minorStrategic or Co-development PartnerDNWE is the German Network for Business Ethics. FNG co-developed with DNWE the 'Berater:innenleitfaden' (Advisors' Guide) for querying sustainability preferences under MiFID II, along with other sustainable finance practitioners and academics.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BIII (Bundesinitiative Impact Investing): BIII is a German trans-sectoral competence platform for impact investing with 90+ members. FNG and BIII jointly operate the AG Institutionelles Impact Investing working group, making BIII a closely aligned peer in the impact investing space.
• VfU (Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten e.V.): VfU is a German platform for sustainability professionals in financial institutions, focused on ESG integration in banking and finance operations. FNG maintains a forum partnership with VfU, and both serve overlapping sustainability-in-finance communities in Germany.
• UKSIF (UK Sustainable Investment and Finance Association): UKSIF is the UK member-based sustainable investment association promoting responsible investment across UK financial services. It is directly comparable to FNG as a national SIF, with similar membership, advocacy, and standards activities, just in the UK rather than DACH.
• ÖGUT (Österreichische Gesellschaft für Umwelt und Technik): ÖGUT is an Austrian platform for sustainable development connecting 100+ organizations. FNG co-developed the certified Berater:in Nachhaltige Geldanlagen training program with ÖGUT under the EU-funded EURENI project, making it a close strategic partner and comparable peer in Austrian sustainable finance.
• CRIC (Corporate Responsibility Interface Center): CRIC is a German non-profit focused on corporate responsibility. Together with FNG and KlimaGut Immobilien AG, CRIC developed the Transparency Criteria for Sustainable Real Estate Funds, positioning it as a closely aligned comparator in multi-stakeholder standard-setting.

Regional players

• Novethic: Novethic is a French sustainable investment research and CSR center affiliated with Caisse des Dépôts. It provides ESG research, fund ratings, and market intelligence, paralleling FNG's FNG-Nachhaltigkeitsprofile and FNG-Marktbericht functions for the French market.

Broad incumbents

• BVI (Bundesverband Investment und Asset Management e.V.): BVI is the German investment and asset management industry association, representing €3.1T+ AUM across 114 members. While broader than sustainable-only (covering 95% of the German fund market), it intersects with FNG on sustainability standards and policy advocacy for the German asset management industry.
• B.A.U.M. e.V. (Bundesdeutscher Arbeitskreis für umweltbewusstes Management): B.A.U.M. is the major German environmental management network. FNG and B.A.U.M. jointly support the TNFD Consultation Group in Germany, making B.A.U.M. a peer in the broader sustainability/ESG ecosystem with overlapping corporate responsibility membership bases.
• USSIF (US SIF - The Forum for Sustainable and Responsible Investment): USSIF is the US member-based association for sustainable and responsible investment. It is the largest national SIF globally and is connected to FNG through the GSIA network, serving a comparable role in the US market.
• Eurosif: Eurosif is the European umbrella organization for Sustainable Investment Forums. FNG is a founding member and Eurosif serves as the broader European coordinating body across 12+ country SIFs, making it both a partner and a comparable industry association peer at the European level.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/forum-nachhaltige-geldanlagen-ev

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Forum Nachhaltige Geldanlagen e.V.