EU Markets Regulator Updates Proposed Rules for Fund Names Using “ESG” or “Sustainability” Terms
EU markets regulator the European Securities and Markets Authority (ESMA) has released an update of its proposed guidance for the use of ESG and sustainability-related terms in investment fund names, along with the introduction of a new “transition” category enabling the use of labels to identify funds that include investments not currently classified as green, but are focused on transition strategies.
Basic environmental and social risks remain in central banks and supervisors
According to findings from the WWF Sustainable Financial Regulations and Central Bank Activities (SUSREG) Tracker show that some central banks and financial supervisors are attempting to “green” their financial regulation and supervision, however significant gaps still remain as they also need to focus on as biodiversity loss and its wider impacts. This gap is largest in high income countries that have the largest GHG emissions and are rich in biodiversity Read more