EFAMA has added its voice to calls from the French and Dutch financial market authorities’ for European regulation of ESG data, research and ratings.
European asset managers are observing a double-digit growth in the demand for ESG investments, and clients are increasingly sophisticated in their preferences
Giorgio Botta, EFAMA Regulatory Policy Advisor, says: “Asset managers wish to encourage this ESG investment trend by expanding their offering of sustainable products and by providing investors with trustworthy and comparable information – also in response to EU regulation introduced to fight greenwashing and enhance transparency. To fulfil these objectives, investors need solid and reliable data. Given the lack of publicly available information, asset managers are heavily reliant on the information from third-party providers of ESG data, research and ratings, which comes with high costs and many questions.”
