The European Supervisory Authorities are proposing the creation of two new fund categories, “sustainable” and “transition”, under the Sustainable Finance Disclosure Regulation, alongside a new classification of “non-categorised products”. They have also recommended the implementation of a sustainability indictor, grading investment products from A to E.
Asset management partner Eve Ellis and associate Tegan Shyne have been featured in Sustainable Views suggesting that the change could mean that fund managers will be required to apply stricter, science-based criteria to ascertain whether an investment is sustainable. They also question whether existing Article 8 funds would still qualify for the sustainable label.
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