Danske, Handelsbanken keep Article 9 classification of EU climate benchmark products despite global wave of downgrades

BlackRock, UBS AM and Invesco are downgrading their offering of EU climate benchmark products before new requirements come into force in January 2023. Two Nordic managers that offer these types of strategies will keep theirs dark green -- at least for now.

Handelsbanken Fonder, head of sustainability Aurora Samuelsson | Photo: PR / Handelsbanken

BlackRock, UBS Asset Management, Invesco and potentially Amundi have decided to start reclassifying their EU climate benchmark products which are currently categorized as Article 9 under the Sustainable Financial Disclosure Regulation (SFDR).

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