| The European Securities and Markets Authority (ESMA) is reviewing new rules on naming sustainable investment funds after concerns were raised that they may limit funding for polluters seeking to decarbonize. The rules, effective Nov. 21, restrict funds labeled as “green” or “sustainable” from investing in high-pollution sectors like oil, gas, and coal.
Fund managers may need to change fund names or sell non-compliant assets. Some argue these restrictions could hinder green projects in high-emission sectors, while others fear regulatory changes may disrupt the green bond market. ESMA is considering further guidance. Find out more here. |
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