Europe’s Biggest Pension Fund Issues ESG Warning to Banks
One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. Read more
ESMA urged to reclassify SFDR labels
Industry body requested the European Securities and Markets Authority to review fund classifications under SFDR as confusion around the labels continues. The SMSG (Securities Market and Stakeholder Group) is calling for Article 9 funds to become the “sole carriers of a green classification” with Article 8 funds’ ESG criteria “so broad that with some degree of measurability, virtually anything can fit into it”. Read more
