Based on EET data, over 1,500 Article 9 funds at risk of losing their status
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The Taskforce on Climate-related Financial Disclosures (TCFD) sits at the heart of the ISSB Standards. Discover how Asset Managers can comply with TCFD and position themselves favourably ahead of the ISSB regulatory requirements coming in 2024.
The importance of ESG data in the financial industry has become increasingly high in recent years. This is strongly driven by global standards like TCFD, TNFD, or regulations like the European Union’s Sustainable Financial Disclosure Regulation, or the Sustainability Disclosure Requirements in the UK.
Zur Förderung nachhaltiger Finanzanlagen hat der Schweizer Bundesrat im Juni dieses Jahres die Swiss Climate Scores lanciert. Stellt dies einen Schritt nach vorne dar oder bedeutet dies nur ein Mehr an Arbeit für Fondsmanager?
As at the end of August, FE fundinfo has received European ESG Templates (EETs) for over 94,000 share classes or products from 287 providers. Interesting insight is drawn from the 6000 Article 9 funds as at least 1,500 funds might need to review their Article 9 status.
The principal adverse impact (PAI) on sustainability factors considered by more ESG funds than any others is their underlying companies’ exposure to controversial weapons, closely followed by their involvement in violation of the United Nations Global Compact (UNGC) principles.
France’s financial regulator, the AMF, is reported to have announced that it is postponing the incoming requirement under MiFID II and the Insurance Distribution Directive (IDD) for advisers to ask their clients about any sustainability preferences when assessing suitability.