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🗞️ @Citywire: Art. 8 and 9 have become proxy #ESG labels despite lacking sufficient sustainability criteria to be used as such says #ESMA.
🏷️ #EU Ecolabel would introduce stricter requirements on exclusion, minimum portfolio greenness etc. than #SFDR.
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1617823830143270913
🆕 #ESMA article tests 3 key #Ecolabel criteria on a large sample of sustainability-oriented equity funds → https://europa.eu/!kjRmYW
🔹> 1 % of the sample have a portfolio greenness ratio above the 50 % threshold
🔸for 4 different types of exclusions → 📉eligible funds to 0.5 %
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1617844065722302465