The AMF Certification
"Sustainable Finance"
Get Ready with Confidence for the AMF Sustainable Finance Exam with NORALP your partner since 2022.
Whether you're a professional, in career transition, a student, or simply curious about sustainable finance, the AMF Sustainable Finance Certification helps you gain a solid understanding of the key concepts in green and responsible finance.
Developed by the Autorité des marchés financiers (AMF), this certification is designed to provide professionals with:
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A general understanding of the institutional and economic framework of sustainable finance,
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The ability to analyze sustainable financial products,
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And the skills to identify clients’ ESG preferences in order to offer suitable investment solutions.
Our training program adapts to your needs. With a comprehensive platform, unlimited practice, and personalized support, you can progress at your own pace—online or in person.
A Plan for Everyone
100% Online: in French
🧑💼 Pro – €155
📚 Training + practice for 4 months
✅ 1 exam attempt included
📚 Training + practice for 6 months
✅ 2 exam attempts included
🎓 Student & Job Seeker Rate: -25%
In-Person
📍 In Paris, online, or on-site at your location in the province
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📚 Training + practice for 6 months
✅ 2 exam attempts included
For the English version, please contact us directly
What’s Included in Our Learning Platform
📘 Book: "Towards Sustainable Finance"
📚 Detailed slides
🎧 Full audio resources
🧠 Unlimited practice with AMF-style questions
📝 Mock exams under real conditions
📞 Personalized phone support
💻 Weekly online exam sessions
Exam Details
⌛ Recommended preparation time: 12 to 20 hours
📝 Format: 60 multiple-choice questions
⏱️ Duration: 1 hour 30 minutes
🎯 Passing score: 80%
AMF: Sustainable Finance & Classic Certifications
👥 Two AMF Certifications – €385.00
👤 AMF "Sustainable Finance" Certification – By NORALP, approved by the AMF – FD5
📚 Training + practice for 6 months
✅ 2 exam attempts included
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👤 AMF "Classic" Certification – By REGULATION PARTNERS, approved by the AMF – C21
📚 Training + practice for 6 months
✅ 2 exam attempts included
Frequently Asked Questions (FAQ) – Sustainable Finance Exam
Who is the exam for? The AMF Certified Sustainable Finance Exam is primarily intended for professionals in sales roles, as well as anyone interested in sustainable finance—such as employees of financial institutions, professionals in advisory, compliance, and finance—who wish to gain a general understanding of the institutional and economic framework of sustainable finance. It is designed to help candidates: Understand key concepts in sustainable finance Gain insight into the products and methodologies used Learn how to identify clients' sustainability preferences Recommend suitable financial products accordingly This module complements the AMF exam on minimum knowledge requirements. The exam is optional and is also open to any individual wishing to demonstrate foundational industry knowledge in the field of sustainable finance.
How is the training for the exam organized? The training is delivered online. Upon request, NORALP can organize on-site training sessions and tailor them to the specific needs and challenges of the learners. The training follows the structure outlined by the AMF for the exam, as detailed in Annex 1 of the AMF Instruction – CONDITIONS FOR AMF CERTIFICATION OF A TRAINING ORGANIZATION TO ADMINISTER THE SUSTAINABLE FINANCE EXAM – DOC 2021-03.
What are the objectives of NORALP’s Sustainable Finance training? The training has three main objectives: Prepare learners for the AMF Sustainable Finance Exam, which assesses the professional knowledge of market participants in accordance with Articles 312-5, 318-9, 321-39, and 325-36 of the AMF General Regulation. Provide learners with a solid understanding of the fundamentals of sustainable finance, including its key challenges and future outlook. Equip professionals in sales roles with a general understanding of the institutional and economic framework of sustainable finance, help them grasp essential concepts, and develop the ability to analyze products and methodologies. This enables them to identify client preferences and recommend suitable financial products. Accreditations and Certifications NORALP was accredited by the AMF on February 1, 2022, under number FD-5 to administer the AMF Sustainable Finance Exam. NORALP is QUALIOPI certified, ensuring the quality of its training services. NORALP is a registered training provider with the Prefect of the Île-de-France region under number 11756269375. (Note: This registration does not constitute state accreditation.)
How does the exam take place? The exam is conducted online and lasts 90 minutes. It consists of 60 questions, randomly selected from the official question bank provided by the AMF. To take the exam, you must: Be properly registered Complete identity verification through the proctoring module at least 5 business days before your scheduled exam date On the day of the exam: You must present a valid government-issued ID Your computer must have the proctoring application installed, with both camera and microphone activated for the entire duration of the exam At the beginning of the exam, you will be asked to provide a 360° view of your workspace using your phone The exam regulations will be sent to each candidate in advance.
After the Exam To pass the exam, you must answer at least 48 out of 60 questions correctly. Your results will be sent to you by email once they have been validated by NORALP, typically within 3 business days after the exam date. NORALP’s course content is based on the minimum knowledge and skills requirements defined by the AMF for candidates taking the Sustainable Finance Exam.
How are the exam questions organized? The exam is structured into five main sections, with a total of 60 questions distributed as follows: 1. Sustainable Finance and Key Concepts (5 questions) Understanding that sustainable finance is an evolving concept: multiple terms, approaches, and client expectations Historical context Common terminology and meanings: CSR, ESG, SRI, etc. Overview of key frameworks: UN Sustainable Development Goals (SDGs) Paris Agreement commitments The European Commission’s strategy for sustainable finance The sustainable finance ecosystem: financial and non-financial actors, including NGOs and ESG research providers 2. French and European Regulatory Framework (10 questions total) 2.1 Harmonization and Transparency (4 questions) Principles of the EU Disclosure Regulation Key concepts: sustainability risks, adverse sustainability impacts, categories of sustainable investments Application to financial products and actors 2.2 Environmental Sustainability of Activities (3 questions) EU Taxonomy Regulation: principles, corporate impacts, future developments (social taxonomy) Green bond markets and EU standards 2.3 Impact on Existing Regulations (3 questions) Updates to MiFID II, UCITS, and AIFM directives ESG-related changes to Benchmark Regulation: PAB and CTB indices, decarbonization paths, transparency requirements ESG integration in the mandates of European supervisory authorities 3. Companies and Non-Financial Actors: Environmental, Social, and Governance Issues (15 questions) Double materiality: impact of companies on the environment and vice versa Components of CSR: Environmental, Social, Governance Non-financial performance disclosures by European companies French specifics: duty of vigilance, Sapin II (anti-corruption), corporate purpose and mission-driven companies ESG ratings and research: data quality, ESG rating agencies, scoring methodologies 4. ESG Approaches in Asset Management (15 questions) ESG integration strategies: exclusions, Best-in-Class, Best-in-Universe, green bond funds, impact funds, thematic approaches (e.g., climate, social inclusion) AMF doctrine on meaningful and binding ESG approaches (Position-Recommendation 2020-03) Voting and engagement policies of asset managers and their influence on corporate governance 5. Marketing of Sustainable Finance Products (15 questions) National and European labels: Greenfin, SRI, EU Ecolabel, Finansol – characteristics and differences Client preferences and objectives: ESG preferences in MiFID II suitability tests, financial vs. non-financial goals AMF guidance on promotional communications to prevent greenwashing (Position-Recommendation 2020-03): principles, product categories, and the notion of “significant commitment” Social and solidarity finance
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Information for Persons with Disabilities
Our designated disability contact person is Ms. Hortense de Sèze. You can reach her in writing at apprentissage@noralp.fr or by phone at +33 1 88 61 69 72 to request any accommodations you may need. If you are visually impaired, you can activate the "High Contrast AA" font on our website for improved readability. Please note that our premises are not open to the public and are not accessible for learners with reduced mobility. For certified exams, candidates with disabilities may request additional time (extra 25%). To benefit from this accommodation, candidates must provide official documentation recognizing their disability.