Climate Change
Europe’s New ESG Rules Spark Questions About What Sustainable Investing Looks Like
To comply with the EU’s new rules, investment firms would have to change the name of thousands of funds or sell off $40 billion in assets.
The European Union’s move to tighten rules for sustainable investing will put two-thirds of Europe’s so-called ESG funds on notice, forcing thousands of them to either sell off $40 billion in assets or change their names in a way that more accurately and transparently reflects their holdings.
Europe’s New ESG Rules Spark Questions About What Sustainable Investing Looks Like