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Europe s anti-greenwashing rules take effect for fund managers

Europe’s anti-greenwashing rules take effect for fund managers Bloomberg Bloomberg European efforts to define which investments are green and which aren t received a boost Wednesday when new rules requiring fund managers to evaluate and disclose the environmental, social and corporate governance features of financial products took effect. The Sustainable Finance Disclosure Regulation covers all European Union financial-market participants and advisers, as well as foreigners that market products to EU investors, and requires them to start collecting and reporting certain ESG data. The rules demand disclosures on how sustainability risks affect investor returns and, conversely, how investments negatively impact sustainability factors such as climate change.

The day said to mark the end of greenwashing in Europe - Global Custodian – The Leading quarterly magazine covering the international securities services industry

The day said to mark the end of greenwashing in Europe - Global Custodian – The Leading quarterly magazine covering the international securities services industry
globalcustodian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcustodian.com Daily Mail and Mail on Sunday newspapers.

New EU rules on sustainable finance disclosure come into effect — EUbusiness com

Image nattanan23 on Pixabay (BRUSSELS) - New rules on sustainable finance disclosure, aimed at strengthening and improving how sustainability related information is disclosed in the financial sector, came into force in the EU on Wednesday. The Sustainable Finance Disclosure Regulation (SFDR), seen as a cornerstone of the EÚ Commission s Action Plan on Sustainable Finance, aims to trigger changes in behavioural patterns in the financial sector, discouraging greenwashing, and promoting responsible and sustainable investments. The SFDR will set common EU rules on: i) how financial product manufacturers and financial advisers should inform end-investors about sustainability risks, ii) how the impact of investments on the environment and society should be disclosed, and iii) how financial products that are marketed as sustainability-related actually meet that ambition.

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