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Lack of 'social' ESG guidelines causing trouble for fund managers


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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. ....

United States , Mairead Mcguinness , Nathan Fabian , Andy Howard , Rick Redding , European Union , Schroders Plc , Index Industry Association , New York Based Index Industry , Responsible Investment , Sustainable Finance Platform , United Nation , ஒன்றுபட்டது மாநிலங்களில் , ம்ர மகிந்நெஸ் , நாதன் ஃபேபியன் , ஆண்டி ஹோவர்ட் , ரிக் சிவத்தல் , ஐரோப்பிய தொழிற்சங்கம் , குறியீட்டு தொழில் சங்கம் , பொறுப்பு முதலீடு , நிலையான நிதி நடைமேடை , ஒன்றுபட்டது தேசம் ,

EU policy-makers give expert advisers more say on green finance rules


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. ....

Bruxelles Capitale , Simon Jessop , Nathan Fabian , Kate Abnett , Barbara Lewis , European Union , Eu Commission , European Parliament , European Commission , ப்ரூக்ஸெல்ஸ் தலைநகரம் , சிமோன் ஜெஸொப் , நாதன் ஃபேபியன் , பார்பரா லெவிஸ் , ஐரோப்பிய தொழிற்சங்கம் , யூ தரகு , ஐரோப்பிய பாராளுமன்றம் , ஐரோப்பிய தரகு ,