Europe to Put Key Plank of ESG Rulebook on Hold Amid Infighting
The taxonomy on ESG rulebook will not be reality until next few years,which means that goals such as gender equality and supply chains that avoid exploitation won’t be enshrined in EU ESG regulations until the latter half of the decade.Read more
Billions Pulled From Europe’s Controversial ESG Investing Fund Category
Funds sold under Article 8, promised clients that their money will go toward “promoting” sustainability. It’s a concept that was enshrined in the EU’s Sustainable Finance Disclosure Regulation, which started being enforced in March 2021 as the world’s boldest anti-greenwash rulebook to date. But 16 months on, there’s hardly any agreement within the fund industry as to what “promoting” sustainability means.Read more