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EU prepares to turn the screw on asset managers over greenwashing euractiv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euractiv.com Daily Mail and Mail on Sunday newspapers.
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’….” ....
For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher. ....