Asset managers are “more worried than ever about greenwashing accusations”, according to Morningstar.
Speaking at the Sustainable Investment Festival 2023 today (14 June, global director of sustainability research Hortense Bioy said only 18 European Article 9 funds launched in the first quarter of this year, a decline on the previous two years when at least 40 Article 9 funds launched in each period. She said this could partly be attributed to the poor macroeconomic environment and general market sentiment, but ultimately the "slowdown in product development" could be somewhat due to greenwashing fears. Bioy also credited fears around greenwashing to the "wave of reclassification" fr...
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