While only about USD 1.2bn is now tied to gauges that meet European Commission requirements -- a tiny fraction of the USD 35trn of ESG assets worldwide -- inflows have more than doubled since January, according to the European Securities and Markets Authority.
That suggests investors are looking for some guardrails as they navigate a market rife with anxiety about greenwashing, which is the term that’s been given to exaggerated, false or deceptive claims about a product's fidelity to climate goals, such as those set in the landmark 2015 Paris agreement.
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