Regulation · Sustainability

Tackling greenwashing, Esma asks funds to back up claims

Verena Ross, chair of Esma. Photo: Esma
To make sure investors are not misled, the European Union’s top supervisory authority for investment funds and asset management has stepped up its approach against greenwashing and proposed criteria for using ESG or sustainability-related terms in fund names. “The objective is to ensure that investors are protected against unsubstantiated or exaggerated sustainability claims," Esma said.

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