L’ESMA précise les exclusions et obligations que les fonds doivent suivre en fonction de leur nom

In recent years, investor demand for investment funds that incorporate environmental, social and governance (ESG) factors has been growing sharply and it is expected to continue growing in the future. Competitive market pressures create incentives for asset managers to include terminology in their funds’ names designed to attract investor assets. This increasing demand has led to concerns in ESMA. Misleading sustainability disclosures may give rise to risk of “greenwashing”. This is particularly relevant if funds are named as green or socially sustainable, when sufficient sustainability standards commensurate with that name have not been met. Against this background, ESMA consulted in November 2022 on guidelines for investment funds using ESG or sustainability-related terms in their names.