Fund groups warn over EU legal definition of 'greenwashing'
European Union regulators should not define greenwashing in law, fund industry groups have told the bloc's markets watchdog, citing concerns this would complicate a sector in constant flux. ... |…
A sector in constant flux can complicate matters. greenwashing or exaggerated green credentials. Environmental, social and governance issues (ESG). Views on legalizing greenwashing. Unintentionally, at the entity or product level. ICI stated. It would be counterproductive to enshrine this in legislation. Definitions are not to be taken out of the existing rules. Asset managers did not have control over it. This is a critical risk." Mark Potter edits