Sustainability hub founder fears Article 8 will become "greenwashing article"

”We need clarity on what can be claimed as sustainable, and need to ask ourselves whether SFDR is working as intended,” says Andreas Friis, founder of Sustainability Hub Norway (S-HUB). He wants more debate about the new classification requirement.

Andreas Friis, founder, executive director and chair of Sustainability Hub Norway (S-HUB) | Photo: Privat

The EU’s Sustainable Finance Disclosure Regulation (SFDR) requires managers to classify funds as either Article 6, 8 or 9, to allow investors to identify sustainable funds more easily.

Managers self-categorize their funds, and a large proportion of funds are currently classified as Article 8.

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