The European Union designed its new anti-greenwashing regulation to create a level playing field around ESG investing.
But with the rules leaving a lot of room for interpretation on what exactly constitutes a green fund, the industry is calling for clarity amid the confusion. Under the Sustainable Finance Disclosure Regulation (SFDR), asset managers started disclosing information on their funds to prevent greenwashing and help investors distinguish between the different ESG strategies available. "It has not yet resulted in a ‘level playing field'," Ashley Hamilton Claxton, head of responsible investing at Royal London Asset Management, told Investment Week. "This is because the regulation as writt...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes