ICMA's Asset Management and Investors Council has today published its response to the third EC consultation on the EU Ecolabel for financial products.
While AMIC continues to support the idea of an EU sustainable label for
retail investments funds, it also warns that, at best, only a residual
portion of the greenest of sustainable funds will be able to meet the
proposed requirements. Based on studies conducted by the EC itself and
members of the UNPRI, AMIC therefore recommends to recalibrate the green
thresholds, strictly align the EU Ecolabel on the EU Taxonomy
framework, and review requirements for bond funds as they are not in
line with current market practices and need to include more broadly
bonds aligned with the Green Bond Principles.
response
ICMA
© ICMA
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