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Asset Managers Find Greenwashing ‘Blind Spots’ in EU Rules

Aerial Views Of Hamburg And Northern Germany As Greek Crisis Effects Investor Confidence
Photographer: Krisztian Bocsi/Bloomberg
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As Europe rewrites the rules of investing to protect the planet from climate change, asset managers say they’re seeing differences in how those edicts are being interpreted.

Since March, money managers in Europe have had to adapt to the Sustainable Finance Disclosure Regulation. Designed to fight greenwashing by forcing a uniform set of reporting standards, SFDR is more ambitious than anything agreed elsewhere in the world.