History and Members

Forum ETHIBEL asbl was succeeding Ethibel asbl in 2006.

Ethibel asbl was set up in 1991 when two sources of inspiration came together. The original inspiration to set up Ethibel came from NGOs that are active in the field of alternative financing, environment, the peace movement, the third world and other areas of social action. The actual establishment was realised through the plan by a stock broker, wishing to create a socially responsible investment fund. He expressed the need to create an independent, and specialised screening organisation to give advice. Nowadays, Forum ETHIBEL still fulfills the role of an intermediary advisor for the financial and the corporate world.

In 2001 STOCK at STAKE sa was created as a spin off from Ethibel asbl, with the objective of specialising in Corporate Social Responsibility Research, mainly targeting financial clients. The Ethibel Register and the Ethibel Sustainability Indices became the first and biggest client.

By the end of 2005 STOCK at STAKE sa merged with its French counterpart VIGEO sa. The assessments for the Ethibel label then became supported by a much larger international analyst team, supported by performant databases and capitalising on synergetic effects.

Forum ETHIBEL is still autonomously and independently responsible for the Ethibel assessments and selections for the Ethibel Register and the Ethibel Sustainability Index, based on sectoral studies and company profiles provided by Vigeo sa, following the rulesbook of Forum ETHIBEL.

The organisations and individuals being member of Forum ETHIBEL are specialised in various aspects of Corporate Sustainbility and Responsibility, representing stakeholders groups in various ways. Vigeo is responsible for customer relations in the financial world. Input from both sides is essential for the continuous improvement of criteria and methodology behind the ETHIBEL quality label.


The next organisations and individuals are member of the General Assembly of Forum ETHIBL asbl:

This is the Board of Directors of Forum ETHIBEL asbl:

  • Harry Harding, chairman
  • Bernard Bayot (Réseau Financement Alternatif)
  • Marc Bontemps
  • Dirk Dalle (Hefboom)
  • Antoine Harmant
  • Rony Mels
  • Dominique Orban de Xivry
  • Jean-Sébastien Zippert (Etika)

Herwig Peeters is director of Forum ETHIBEL.

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