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EU Prepares to Get Tougher on Asset Managers that 'Greenwash' Sustainable Credentials


EU Prepares to Get Tougher on Asset Managers that ‘Greenwash’ Sustainable Credentials
By Simon Jessop and Kate Abnett | March 10, 2021
LONDON/BRUSSELS – For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher.
Under a suite of new EU finance rules due to be rolled out in stages, beginning on March 10, firms including fund houses, insurers and pension funds that provide financial products or services in the European Union will have to begin disclosing how sustainable they really are.
The new rules “should make it harder for market participants to talk up environmental credentials without following through with action, so-called ‘greenwashing’….” ....

Bruxelles Capitale , Simon Jessop , Neil Robson , Anna Hirai , Alexandra Mihailescu Cichon , Mike Everett , Kate Abnett , Katten Muchin Rosenman , Andy Pettit , Susan Fenton , Lucien Firth , European Union , Apex Group , European Commission , Sustainable Finance Disclosure Regulation , Aberdeen Standard Investments , Non Financial Reporting Directive , ப்ரூக்ஸெல்ஸ் தலைநகரம் , சிமோன் ஜெஸொப் , நீல் ராப்சன் , அண்ணா ஹிராய் , மைக் எவரெட் , ஆண்டி பெட்டிட் , சூசன் ஃபெண்டன் , லூசியன் ஃபர்த் , ஐரோப்பிய தொழிற்சங்கம் ,