Industry News: ESG

New EU Sustainable Fund Naming Rules Could Lead to $40 Billion Divestments: Morningstar

Written by ESG | 14-Jun-2024 1:16:34 PM

2024-06-10

ESG Today: Two-thirds of funds in the EU labelled with sustainable or ESG-related terms may need to sell assets or change their names to align with new anti-greenwashing rules, with stock divestments of as much as $40 billion if all were to keep their names, according to a new report released by investment research firm Morningstar.

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