Latest Breaking News On - Ocial and governance investing the fsc began promoting green finance five years ago in july 2021 - Page 1 : comparemela.com

The new head of Taiwan’s asset management industry group is calling on local fund managers to strengthen their sustainable investment capabiliti.

Julian liuThe new head of taiwan amp rsquos asset management industry group is calling on local fund managers to strengthen their sustainable investment capabilities comply with regulations and keep pace investor demand julian liuHairman of yuanta securities investment trust coAiwan amp rsquos largest exchange traded fund managerAs elected chairman of the securities investment trust and consulting association sitca on july 1 amp ldquo one major difficulties faced by taiwanese fund managers is how to restructure their flowsRoduct offerings as well stewardships to fulfil the regulator amp rsquos anti greenwashing policyMp rdquo he says in an interview with asia asset managementEferring to rules issued last year by the financial supervisory commission fscHe local financial regulator greenwashing is the practice of making exaggerated and unsubstantiated claims about how environmentally friendlya fund to lure investors according figures from fitch ratingsAiwan amp rsquos sustainable and ethical assets jumped almost seven fold to nt 211 4 billion us 7 06 between 2018 2021Nderscoring the rising popularity of environmentalOcial and governance investing the fsc began promoting green finance five years ago in july 2021T introduceda set of rules that aims to enhance disclosure requirements for esg themed funds prevent greenwashing in the asset management sector amp nbsp among other thingsSg fund management firms have to set at least one sustainability goal and ensure that 60 ofa amp rsquos assets are allocated companies meet their esg criteria nbsp ldquo the requirementsT amp rsquos important for fund managers to migrate from fundamental investment approaches fully esg integrated strategiesMp rdquo liu says amp ldquo it means that they not only invest in esg