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Asset managers find greenwashing "blind spots" in EU regulations

As Europe rewrites the rules of investing to protect the planet from climate change, asset managers say they’re seeing differences in how those edicts are being interpreted.
Bård Bringedal, chief investment officer for equities at Storebrand Asset Management, says managers still have to deal with "many uncertainties and blind spots" when trying to allocate cash. | Photo: Storebrand
Bård Bringedal, chief investment officer for equities at Storebrand Asset Management, says managers still have to deal with "many uncertainties and blind spots" when trying to allocate cash. | Photo: Storebrand
By Frances Schwartzkopff, Nicholas Comfort and Morten Buttler / BLOOMBERG

Since March, money managers in Europe have had to adapt to the Sustainable Finance Disclosure Regulation. Designed to fight greenwashing by forcing a uniform set of reporting standards, SFDR is more ambitious than anything agreed elsewhere in the world.

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