Sacha Sadan, director of ESG at the Financial Conduct Authority, pushed back against criticisms of the regulator’s proposed labelling regime while speaking at Morningstar’s Investment Conference yesterday (4 July).
Hortense Bioy, global director of sustainability research at Morningstar, argued that there "may be some room for greenwashing" in the labelling system over its rules on being categorised as an ‘improvers' fund, as it does not specify how much of the portfolio must be engaged with. "Is that 20% of the portfolio, 30% of the portfolio, the full portfolio? That remains to be seen," she said. ISSB launches long-awaited sustainability accounting standards in world first Sadan pushed back against this, stating that the FCA had "many powers" to stop greenwashing, and it would soon be ...
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