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FCA labelling on ESG threatens to show up EU framework
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The Financial Conduct Authority’s incoming ESG rules, which include green labels for UK funds, risk outshining the European Union's sustainable disclosure framework, a leading ESG expert has said.
Speaking at a media roundtable on 18 October, Hortense Bioy, global director of sustainability research at Morningstar, praised the regulator for "going in the right direction" with its Sustainability Disclosure Requirements, which are more granular and product-focused than the EU's Sustainable Finance Disclosure Regulation.
"I...
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