EU regs to ensure sustainable funds are fit for purpose

Last December, the European Securities and Markets Authority (ESMA) proposed changes and updated the timeline for its guidelines on ESG and sustainability-related terms in fund names. Fund managers need to consider the proportion of investments in each fund meets the 80% minimum requirement for sustainability characteristics, and also apply Paris-aligned Benchmark exclusions. Assessing holding companies can be made easier with help from Bloomberg ESG data. Read on to find out more.