When do sustainable fund labels become too prescriptive?
The system must be challenging yet achievable, and comprehensive yet clear to consumers
European Commission
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Passives’ Article 9 market share shrinks in Q4 shake-up
Morningstar reports ‘radical changes’ to sustainable fund landscape in fourth quarter
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EC to make Europe ‘more investment-friendly’ with Net-Zero Industry Act
Countering incentives in US Inflation Reduction Act to keep clean tech production in Europe
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SFDR Level 2 standards go live after string of Article 9 downgrades
But industry welcomes new disclosures as a way of substantiating providers’ sustainability claims
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2023 will be critical year for EU climate legislation
Invesco’s Elizabeth Gillam says we can expect lengthy negotiations on the remaining parts of the Fit for 55 package next year
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Disappointment as COP27 draft falls short of expectations
Industry wants ‘concrete decisions’ from governments but is encouraged by EU loss and damage fund
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What’s on my COP27 wish list? A common ground for taxonomies
Morningstar’s Arthur Carabia calls on nations to ‘build bridges’
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EU moves to ban products made with forced labour
Law to cover goods produced within and imported to the bloc
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European Commission ‘politically interfered’ with recommendations for Taxonomy
Civil society members resign from EU Platform on grounds Commission ‘ignored’ their recommendations and damaged Taxonomy credibility
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EU to force fossil fuel companies to share profits
European Commission president also announces revenue cap for low-cost electricity generators and a €3bn European Hydrogen Bank
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Gas and nuclear pass EU parliament vote for taxonomy inclusion
Framework for environmentally sustainable economic activities set to include controversial energy sources from 2023
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TNFD releases second draft of framework
Feedback from more than 500 market participants leads to developments in metrics and guidance