Number of ‘sustainable’ Irish funds may increase after new clarity from Europe

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Number of ‘sustainable’ Irish funds may increase after new clarity from Europe
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A new EC disclosure regime aims to harmonise standards across the continent to allay fears over asset managers being accused of greenwashing

The number of Irish funds classified as sustainable may increase following recent clarity from Europe on a new disclosure regime, a leading finance lawyer has said.

Peter Stapleton, managing partner in the Maples Group’s Dublin office, said the risk of being accused of greenwashing resulted in asset managers taking a “conservative” classification approach to ensure compliance with new rules. As part of a recent crackdown against greenwashing, or mis-selling a product by overstating its sustainable ...

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