Breaking news – Sustainable Finance

What’s new in sustainable finance?

The French Markets Authority (AMF) notes inconsistencies between the sustainability commitments of thematic funds and their communications, often due to a lack of structured, high-quality data. These inadequacies can lead to risks of greenwashing, requiring distributors to be even more vigilant. Out of 52 thematic funds analyzed, 28% did not comply with the AMF's minimum standards, particularly those based abroad, and exchanges have been initiated to remedy this situation.

Non-compliance with SFDR among French Asset Managers: In an analysis published by the AMF, none of the five French asset managers surveyed by the AMF fully complied with the EU SFDR due to a lack of reliable data. Key issues included inadequate reporting on principal adverse impact indicators and insufficient detail on sustainability-related remuneration. All of the asset managers analyzed had external American data providers.

More US-based asset managers have decided not to participate in Climate Action 100+’s phase two, which focuses on reducing CO2 emissions in supply chains. This trend highlights the growing pressure and challenges faced by CA100+ members. Some suggest that those with the most to lose are resisting a more ambitious approach to climate risks.

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