ESMA launches hearing process on proposed change to ESG naming guidelines
The European Securities and Markets Authority has proposed changes to the use of the term ”ESG” and other sustainability markers in fund names.
by martin fuglseth kolden, translated by catherine brett
The European Securities and Markets Authority (ESMA) has submitted a proposal to change the way terms like ESG are used in UCITS and alternative investment fund names, and would like to hear responses through a hearing process.
A report examining investments in illegal Israeli settlements on the Palestinian West Bank reveals that Norway’s oil fund is the largest investor in 50 companies located there, and that AB Industrivarden and Nordea are also among the 10 largest.
Once again, AMWatch is handing over the mic to international asset managers with a Nordic presence during the festive season. This time our December/New Year series is being kicked off by Ulrik Holm Oxfeldt, head of Nordics at US-based firm Columbia Threadneedle.
Funds linked to environmental, social and governance principles are by definition supposed to minimize risks tied to those three factors. In 2022, the approach did little to help protect investors from the brutal slide in the financial markets.