The German financial regulator, BaFin, responding to the EU Taxonomy, has created a set of tighter rules to crack down on greenwashing amongst asset managers. The move requires asset managers to disclose critical information to investors on companies’ holdings in the gas and nuclear sectors. This, however, only applies to German products.   

BaFin, the German financial regulator, has in response to the EU Taxonomy, created a set of tighter rules to crack down on greenwashing amongst asset managers. Managers must now disclose key information to investors involving companies’ holdings in the gas and nuclear sectors. But this only applies to German products.  

Mark Branson, BaFin’s president: “With this strict practice that we now have, we prohibit greenwashing in fundsassets before a product comes to the market at all.” 

 

Read more: https://www.ipe.com/news/bafin-applies-stricter-rules-on-asset-managers-to-fight-greenwashing/10062060.article