ESG funds declining due to regulation and performance

May 3, 2024 EcoVadis EN


Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases.

In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and governance (ESG)-related funds have been steadily declining, with only six launched in the second half of 2023 compared to an average of nearly 100 a year between 2020 and 2022.

The trend follows a ruling from the SEC in September 2023 that 80% of assets in funds must be related to the name.


Read the full article at: www.privatebankerinternational.com

Read more...

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 250 industries in 185 countries.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN
Previous Article
ESG disclosure working its way into private markets
ESG disclosure working its way into private markets

Private market funds may soon need to open their books to scrutiny regarding their ESG performance, and man...

Next Article
Greenhushing impacting private markets' ESG activity
Greenhushing impacting private markets' ESG activity

Some asset managers are retreating from their public ESG commitments due to so-called ‘greenhushing’ sugges...