EFAMA calls for Europe-wide regulation of ESG data, research and ratings

Trade body pushes for transparency

The European Fund and Asset Management Association (EFAMA) is calling for a European regulation of ESG data, research and ratings, in part to stamp out greenwashing.

The trade body said third-party ESG data and research are "often inconsistent", with the methodologies used to gather and process data "lack[ing] transparency." ESG in 2020: A vocal year for ESG commitments outside the industry - but a dearth of action within it EFAMA is calling on the European Commission to develop a European regulatory framework for providers of ESG data, research and ratings, in line with the recent joint call from the French and Dutch financial market authorities. Giorgio Botta, EFAMA regulatory policy advisor, said: "Asset managers wish to encourage this ESG i...