MRF 3.0 (2026/27) · 45 compound IDs
Fund specification
Every row a compliant fund .csv must contain, with its permitted values and requirement level.
Compared with the 2025/26 MRF (v2.0):
0 new
4 changed
13 removed
41 identical
| # | Metric | Unit | Permitted values | Requirement | Notes / interdependencies | Change from 2025 |
|---|---|---|---|---|---|---|
| 0.1.1 | fund_nameFund name |
Free text (string) | Strongly recommended | Identical 2025 spec line 3 | ||
| 0.2.1 | legal_esg_commitmentDoes your fund request any legal ESG commitment from portfolio companies? |
yes_alwaysYes, alwaysyes_best_effortsYes, on a best efforts basisnoNo
|
Strongly recommended | Identical 2025 spec line 4 | ||
| 0.2.2 | esg_investment_policyPolicy describing the fund's approach to identifying and managing ESG factors in the investment cycle |
yes_all_assetsYes, and it is applicable to all assetsyes_some_assetsYes, and it is applicable to some of our assetsnoNo
|
Strongly recommended | Identical 2025 spec line 5 | ||
| 0.2.3 | climate_change_investment_policyPolicy describing the fund's approach to identifying and managing climate change factors in the investment cycle |
yes_all_assetsYes, and it is applicable to all assetsyes_some_assetsYes, and it is applicable to some of our assetsnoNo
|
Strongly recommended | Identical 2025 spec line 6 | ||
| 0.2.4 | diversity_in_term_sheets_shareholder_agreementsDoes your fund use diversity clauses in termsheets or shareholder agreements? |
yes_alwaysYes, alwaysyes_best_effortsYes, on a best efforts basisnoNo
|
Strongly recommended | Identical 2025 spec line 7 | ||
| 0.2.5 | adhere_to_ungcHas your fund adhered to the fundamental and internationally recognised ethical principles, including human rights and labour principles, as defined by the UN Global Compact? |
yes_alwaysYes, alwaysyes_best_effortsYes, on a best efforts basisnoNo
|
Strongly recommended | Identical 2025 spec line 8 | ||
| 0.2.5.1 | no_ungc_explanationIf no, please specify if and how you support the objective of establishing good corporate governance. |
Free text (string) | Conditional | Only strongly recommmended if 0.2.5 = "no" | Identical 2025 spec line 9 | |
| 0.3.1 | esg_engagement_processProcess to engage on a regular basis with portfolio companies to improve their ESG performance |
yes_all_assetsYes, and it is applicable to all assetsyes_some_assetsYes, and it is applicable to some of our assetsnoNo
|
Strongly recommended | Identical 2025 spec line 10 | ||
| 0.3.2 | esg_monitoring_processesMonitoring processes to assess portfolio companies’ management of ESG performance |
yes_all_assetsYes, and it is applicable to all assetsyes_some_assetsYes, and it is applicable to some of our assetsnoNo
|
Strongly recommended | Identical 2025 spec line 11 | ||
| 0.3.3 | esg_incident_report_processProcesses for portfolio companies to report major ESG incidents |
yes_clauseYes, through an ESG incident disclosure clauseyes_toolYes, through a dedicated toolyes_communicationYes, through a dedicated communication or channelnoNo
|
Strongly recommended | Identical 2025 spec line 12 | ||
| 0.3.4 | good_governance_due_diligenceProcess to assess the good governance practices of the portfolio companies at due diligence |
yesYesnoNo
|
Strongly recommended | Identical 2025 spec line 13 | ||
| 0.3.5 | good_governance_post_investmentProcess to monitor the good governance practices of the portfolio companies over time |
yes_quarterlyYes, quarterlyyes_semi_annuallyYes, semi-annuallyyes_annuallyYes, annuallynoNo
|
Strongly recommended | Identical 2025 spec line 14 | ||
| 0.3.6 | responsible_ai_ddProcess to assess the responsible AI practices of the portfolio companies at due diligence |
yesYesnoNo
|
Strongly recommended | Identical 2025 spec line 15 | ||
| 1.1.1 | fund_marketing_under_sfdrHow is the fund marketed under the EU Sustainable Finance Disclosure Regulation (SFDR)? |
article_6Article 6article_8Article 8article_9Article 9not_in_scopeNot in scope of SFDR
|
Strongly recommended | Identical 2025 spec line 16 | ||
| 1.2.1 | article_8_sustainable_investment_commitmentARTICLE 8 ONLY: Does the product commit to make sustainable investments? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_8'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 17 | |
| 1.2.1.1 | article_8_sustainable_investment_commitment_minimum_share_percentageARTICLE 8 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.2.1 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 18 |
| 1.2.2 | article_8_eu_taxonomy_alignmentARTICLE 8 ONLY: Does the product commit to make EU Taxonomy-aligned investments? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_8'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 19 | |
| 1.2.2.1 | article_8_eu_taxonomy_alignment_minimum_share_percentageARTICLE 8 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.2.2 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 20 |
| 1.2.3 | article_8_non_eu_taxonomy_environmental_objectiveARTICLE 8 ONLY: Does the product commit to make investments with an environmental objective that do not meet the criteria of the EU Taxonomy? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_8'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 21 | |
| 1.2.3.1 | article_8_non_eu_taxonomy_environmental_objective_minimum_share_percentageARTICLE 8 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.2.3 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 22 |
| 1.2.4 | article_8_social_objective_investmentARTICLE 8 ONLY: Does the product commit to make investments with a social objective? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_8'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 23 | |
| 1.2.4.1 | article_8_social_objective_investment_minimum_share_percentageARTICLE 8 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.2.4 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 24 |
| 1.2.5 | article_8_considers_significant_negative_impactsARTICLE 8 ONLY: Does the product consider the most significant negative impact of its investments on the environment and society? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_8'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 25 | |
| 1.2.6 | article_8_ghg_reduction_targetARTICLE 8 ONLY: Does the product have a greenhouse gas (GHG) emission reduction target? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_8'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 26 | |
| 1.2.6.1 | article_8_ghg_reduction_target_main_strategyARTICLE 8 ONLY: If yes - Main strategy followed to achieve such target |
divestDivest from investments with particular GHG emissions levels and invest instead in companies with lower GHG emissionsinvestInvest in companies that are expected to deliver GHG reductions over the duration of the investmentengageEngage with investee companies to contribute to their GHG emissions reduction
|
Conditional | Only strongly recommended if 1.2.6 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 27 | |
| 1.3.1 | article_9_sustainable_investment_commitmentARTICLE 9 ONLY: Does the product commit to make sustainable investments? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_9'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 34 | |
| 1.3.1.1 | article_9_sustainable_investment_commitment_minimum_share_percentageARTICLE 9 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.3.1 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 35 |
| 1.3.2 | article_9_eu_taxonomy_alignmentARTICLE 9 ONLY: Does the product commit to make EU Taxonomy-aligned investments? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_9'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 36 | |
| 1.3.2.1 | article_9_eu_taxonomy_alignment_minimum_share_percentageARTICLE 9 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.3.2 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 37 |
| 1.3.3 | article_9_non_eu_taxonomy_environmental_objectiveARTICLE 9 ONLY: Does the product commit to make investments with an environmental objective that do not meet the criteria of the EU Taxonomy? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_9'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 38 | |
| 1.3.3.1 | article_9_non_eu_taxonomy_environmental_objective_minimum_share_percentageARTICLE 9 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.3.3 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 39 |
| 1.3.4 | article_9_social_objective_investmentARTICLE 9 ONLY: Does the product commit to make investments with a social objective? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_9'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 40 | |
| 1.3.4.1 | article_9_social_objective_investment_minimum_share_percentageARTICLE 9 ONLY: If yes - Minimum share of such investments |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 1.3.4 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 41 |
| 1.3.5 | article_9_considers_significant_negative_impactsARTICLE 9 ONLY: Does the product consider the most significant negative impact of its investments on the environment and society? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_9'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 42 | |
| 1.3.6 | article_9_ghg_reduction_targetARTICLE 9 ONLY: Does the product have a GHG emission reduction target? |
yesYesnoNo
|
Conditional | Only strongly recommended if 1.1.1 = 'article_9'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 43 | |
| 1.3.6.1 | article_9_ghg_reduction_target_main_strategyARTICLE 9 ONLY: If yes - Main strategy followed to achieve such target: |
divestDivest from investments with particular GHG emissions levels and invest instead in companies with lower GHG emissionsinvestInvest in companies that are expected to deliver GHG reductions over the duration of the investmentengageEngage with investee companies to contribute to their GHG emissions reduction
|
Conditional | Only strongly recommended if 1.3.6 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Identical 2025 spec line 44 | |
| 2.1.1 | total_number_of_partnersTotal number of partners |
people | integer (positive) | Strongly recommended | Identical 2025 spec line 52 | |
| 2.1.2 | number_of_partners_femaleNumber of female partners |
people | integer (positive) | Strongly recommended | If this value is provided, a value is strongly recommended for 'total_partners'. | Identical 2025 spec line 53 |
| 2.1.3 | number_of_partners_non_binaryNumber of non-binary partners |
people | integer (positive) | Strongly recommended | If this value is provided, a value is strongly recommended for 'total_partners'. | Identical 2025 spec line 54 |
| 2.1.4 | number_of_partners_non_disclosedNumber of other partners (prefer not to disclose gender) |
people | integer (positive) | Strongly recommended | If this value is provided, a value is strongly recommended for 'total_partners'. | Identical 2025 spec line 55 |
| 2.1.5 | number_of_partners_maleNumber of male partners |
people | integer (positive) | Strongly recommended | If this value is provided, a value is strongly recommended for 'total_partners'. | Identical 2025 spec line 56 |
| 2.1.6 | gender_diversity_pipeline_trackedDo you track founder gender diversity in your investment pipeline?Changed |
yesYesnoNo
|
Strongly recommended | Changed Metric description updated in line with the 2026 template; Metric wording revised for clarity (founder gender diversity) 2025 spec line 57 | ||
| 2.1.6.1 | gender_diversity_pipeline_strategy_fitIf yes - Please specify the percentage of female founders in first screeningChanged |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 2.1.6 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Changed Metric description updated in line with the 2026 template; Metric wording revised for clarity (female founders in first screening) 2025 spec line 58 |
| 2.1.6.2 | gender_diversity_pipeline_dd_undertakenIf yes - Please specify the percentage of female founders where formal due diligence is undertakenChanged |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 2.1.6 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Changed Metric description updated in line with the 2026 template; Metric wording revised for clarity 2025 spec line 59 |
| 2.1.6.3 | gender_diversity_pipeline_term_sheet_issuedIf yes - Please specify the percentage of female founders who received a term sheetChanged |
% | float (positive) in range 0<=x<=100 | Conditional | Only strongly recommended if 2.1.6 = 'yes'. Otherwise should be marked as 'not_applicable' in STATUS column. | Changed Metric description updated in line with the 2026 template; Metric wording revised for clarity 2025 spec line 60 |
Removed in 2026
Compound IDs from the 2025/26 MRF that are no longer part of the specification. The validator flags them with these migration notes.
| 2025 # | Metric (2025) | Reason / replacement |
|---|---|---|
| 1.2.6.2 | article_8_ghg_reduction_target_ambitionARTICLE 8 ONLY: If yes - Target's reduction ambition |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.2.6.3 | article_8_ghg_reduction_target_financed_emissions_baselineARTICLE 8 ONLY: If yes - Target's financed emissions in baseline year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.2.6.4 | article_8_ghg_reduction_target_base_yearARTICLE 8 ONLY: If yes - Target's base year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.2.6.5 | article_8_ghg_reduction_target_target_yearARTICLE 8 ONLY: If yes - Target's target year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.2.6.6 | article_8_ghg_reduction_target_financed_emissions_reportingARTICLE 8 ONLY: If yes - Target's financed emissions in reporting year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.2.7 | article_8_uses_index_as_reference_benchmarkARTICLE 8 ONLY: Does the product use a specific index as a reference benchmark? |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.6.2 | article_9_ghg_reduction_target_ambitionARTICLE 9 ONLY: If yes - Target's reduction ambition |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.6.3 | article_9_ghg_reduction_target_financed_emissions_baselineARTICLE 9 ONLY: If yes - Target's financed emissions in baseline year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.6.4 | article_9_ghg_reduction_target_base_yearARTICLE 9 ONLY: If yes - Target's base year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.6.5 | article_9_ghg_reduction_target_target_yearARTICLE 9 ONLY: If yes - Target's target year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.6.6 | article_9_ghg_reduction_target_financed_emissions_reportingARTICLE 9 ONLY: If yes - Target's financed emissions in reporting year |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.6.7 | article_9_ghg_reduction_target_1_5_c_alignedARTICLE 9 ONLY: If yes - Target's aim to limit global warming to 1.5°C |
Removed from the Additional - Fund level sheet in the 2026 template |
| 1.3.7 | article_9_uses_index_as_reference_benchmarkARTICLE 9 ONLY: Does the product use a specific index as a reference benchmark? |
Removed from the Additional - Fund level sheet in the 2026 template |