AMWatch

Fund managers say EU anti-greenwashing deadline unlikely to be met

European asset managers overseeing USD 22 trn have little hope of meeting a Jan. 1 deadline to correctly label the sustainability of their investment funds, according to the group representing them.

The European Fund and Asset Management Association (EFAMA) says the industry isn't being given enough time to adapt to so-called Regulatory Technical Standards, which have yet to be published in full. And in the absence of clear guidance, fund managers may choose to declare that no investment product is sustainable under EU criteria.

"The only proportion that we could disclose is zero," Dominik Hatiar, regulatory policy adviser for sustainable finance at EFAMA, said in an interview. "That would be the safest approach." 

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Why do Nordic funds have so few female portfolio managers?

Only 16 percent of fund managers in Sweden are women. The figure is 11 percent in Finland, while just 6 percent of fund managers in Denmark and Norway are female. AMWatch has talked to four Nordic women in finance in search of answers regarding this imbalance and to hear about their career experiences. 

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