An increasing number of asset managers are dropping ‘sustainable’ from fund labels as regulatory concerns about greenwashing grow. Over 70 EU funds removed the word ‘sustainable’ from their descriptions last year, with another 26 doing so in the first eight months of 2024. The Financial Times covers the story.
Last time Trump won the White House, green funds took off as many imagined a world where capital markets could be the force needed to slow climate change. This time around however, it’s a different story. The ESG movement is much weaker than it was in 2016, and many predict that conservative attacks on climate finance are only going to get louder. Bloomberg covers the story.
