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Many of the world’s biggest asset managers say they’re increasingly struggling with some of the rules guiding the $35 trillion market for environmental, social and governance investing.
Much of the confusion revolves around defining the social aspect.
The guideposts are generally seen as confusing and this is “going to become a bigger issue going forward,” according to Rick Redding, chief executive of the New York-based Index Industry Association.
He points to a survey by the IIA, which shows that 56% of 300 investment professionals in Europe and the U.S. some managing more than $1 trillion say they’re having a hard time keeping up with edicts intended to steer capital into ESG assets. At the same time, 85% say ESG is a high priority for them.
Fund managers struggle to keep up with new guideposts for ESG
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Fund Managers Struggle to Keep Up With New Guideposts for ESG
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Pillsbury Releases Comprehensive Report on the Future of Sustainable Finance
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EU policy-makers give expert advisers more say on green finance rules Reuters 2 hrs ago By Kate Abnett and Simon Jessop © Reuters/YVES HERMAN FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels
By Kate Abnett and Simon Jessop
BRUSSELS (Reuters) - The European Commission will allow its environmental advisers greater scope to critique the bloc s sustainable finance rules, after some advisers said it had disregarded science to win a political compromise on which investments to label as green.
The Commission in April published its sustainable finance taxonomy , a list of economic activities that help to combat climate change and which can be marketed as green investments in the European Union from next year.