Asset managers rebuffed as EU cracks down on use of ‘ESG’

Asset management giants criticize EU plans to restrict the use of ”ESG” and ”sustainability” in fund names, but the proposal will not be abandoned, EU watchdog says.
EU Commissioner Mairead McGuinness has launched a consultation into SFDR. | Photo: Yves Herman/Reuters/Ritzau Scanpix
EU Commissioner Mairead McGuinness has launched a consultation into SFDR. | Photo: Yves Herman/Reuters/Ritzau Scanpix
By Frances Schwartzkopff, Bloomberg

Europe’s markets watchdog says it isn’t backing down from a controversial plan to restrict the use of “ESG” and “sustainability” in fund names, despite a barrage of criticism from asset managers. 

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