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ARTICLE · 24 MAY 2024

ESMA Guidelines On ESG Related Terms In Fund Names

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Following numerous initiatives in the ESG field at the EU level, in November 2022, ESMA published its Consultation paper on Guidelines on funds' names...

LuxembourgFinance and Banking
Marjorie André
Marjorie André
Irina Stoliarova
Irina Stoliarova

Following numerous initiatives in the ESG field at the EU level, in November 2022, ESMA published its Consultation paper on Guidelines on funds' names, with the intention of seeking feedback from market players on the potential implementation of minimum criteria for funds using ESG related terms in their names. Fund managers already had to comply with sectoral legislation, requiring that information in marketing documents have to be clear, fair and not misleading. Amidst rising concerns about greenwashing practices, the proposed rules are intended to provide further guidance to asset managers in the selection of fund names, and in particular to provide assets managers particularly by offering clear and measurable criteria for the use of ESG or sustainability-related terms in fund names.

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