Hundreds of ETFs holding €270 billion in assets under management were downgraded from Article 9 to Article 8 under the EU sustainable investment rules, according to sustainability data provider Matter.
The Institute for European Environmental Policy (IEEP), a "green think tank", has raised concerns over the EU’s classification system for sustainable finance, saying policymakers were trying to "sneak in"& biodiverisity offsetting.
The SEC's proposed climate-related disclosures face backlash from industry players, with firms grappling with cost and data uncertainty, writes Tom Pfister, managing director, compliance, regulatory and reporting, Confluence.
German asset manager DWS returned to positive inflows in the first quarter after it was hit by nearly €10 billion of outflows in the final three months of last year.
The number of sustainable fund launches in Europe hit a record low in the first quarter of 2023 as product providers struggled with fund classification regulation, according to Morningstar.
Our specialist ESG panel starts by discussing how key carbon-related companies, sectors and countries could be missed by climate-related finance, hindering the transition.
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