AMWatch

Media: Nordic Swan Ecolabel for funds only a limited success

The rate at which investment funds are being approved with the Nordic Swan Ecolabel is trailing behind the scheme's target of a hundred funds within three to four years, according to a Swedish news report.

Almost a year ago, the Nordic Swan Ecolabel launched a label for investment funds. Twelve Swedish funds were labelled from the very beginning and since then, two more of the country's funds have been labelled.

Across the Nordic region, 19 funds have been approved for the label since the launch, and together have SEK 53 billion (EUR 5.1 billion) in assets under management, writes Swedish news service DI.se.

”We think it is very positive that as many as 19 funds have received the label. It often takes time for the Nordic Ecolabel to get a hold of a new market. But it's also a sign that the demands are very high in order to get the Nordic Ecolabel. Had we put the bar lower, many more would have received the label," Per Sandell, head of investment fund labelling at Nordic Ecolabellling tells DI.se.

More from AMWatch

Danish FSA issues warning over SFDR implementation

The Danish FSA, Finanstilsynet, states that asset managers are using the EU’s sustainable finance disclosure regulation to signify quality, which is not the point of the legislation. In fact, the FSA states it is the opposite of what the EU intended.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch