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Mirova CEO: EU watchdog on course to kill off ‘dark green’ funds
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Funds touted as having higher sustainability credentials — or 'dark green' funds — risk becoming obsolete if the European Commission and regulator continue tightening ESG rules, the chief executive of a €27bn impact specialist fund group has warned.
Under the Sustainable Finance Disclosure Regulation, funds designated in the 'dark green' Article 9 category must meet stricter requirements than their 'light green' Article 8 counterparts. This includes having sustainable goals as part of their objective and ensuring they "do...
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