20% of sustainable funds 'fall short' of SFDR standards

Research from Clarity AI

clock • 1 min read

Nearly 20% of Article 9 sustainable funds are breaching ‘do no harm’ standards, according to new research from Clarity AI.

This means they have more than 10% of their investments in companies that have violations of the UN Global Compact principles or the OECD Guidelines for multinational enterprises. Violations include bribery and corruption convictions, anti-competitive practices, and environmental impacts such as a tourism-based company dumping fuel and food waste along with thousands of gallons of sewage into the ocean. Nordea AM ends Brazil bond ban after Lula pledges conservation Clarity AI reviewed 15,000 funds and their Sustainable Finance Disclosure Regulation (SFDR) classifications.  Among...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

CCLA's James Corah: Going beyond the portfolio to address systemic issues
ESG

CCLA's James Corah: Going beyond the portfolio to address systemic issues

Rethinking engagement

James Corah
clock 12 June 2024 • 5 min read
Fidelity's Atkinson: Blue bonds are growing in popularity but challenges remain
ESG

Fidelity's Atkinson: Blue bonds are growing in popularity but challenges remain

'Still a very small market'

clock 11 June 2024 • 2 min read
Future of Investment Festival in pictures
ESG

Future of Investment Festival in pictures

Event held on 5 June

Investment Week
clock 10 June 2024 • 1 min read
Trustpilot