Backtracking on ESG classification erodes impact investing's credibility, veteran warns
Some funds have realized that they have overpromised on the ESG rating of their funds and decided to backtrack on the classification. But how are investors going to trust this field of investing if there are constant changes? asks Andreas Nilsson, Head of Impact Investing in Golding Capital Partners.
Managers backtracking on the classification of their impact funds by downgrading Article 9 funds to Article 8 erode trust towards impact investing industry, warns Andreas Nilsson, Managing Director and Head of Impact Investments at Golding Capital Partners.
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