Equity chief questions labeling impact: “It’s very static and backwards looking”

Amundi’s Head of Equities Kasper Elmgreen believes investors and companies have become better at analyzing ESG credentials but hopes a more nuanced view of ESG investing will prevail. The many fund labels is not helping, though.

Kasper Elmgreen, head of equities at Amundi - Europe's largest asset manager. | Photo: PR / Amundi

Across Europe, the number of investment fund labels intended to show investors whether the product is sustainable has skyrocketed in recent years.

Besides the European Sustainable Financial Disclosure Regulation, which despite being implemented in 2021 is already under review by ESMA for becoming too much of a labeling exercise, asset managers on the continent have witnessed the emergence of local labels.

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