The proposals published by the European Commission's Technical Expert Group (TEG) on areas such as a taxonomy to support sustainable investing and combat climate change by introducing climate benchmarks and ESG disclosures has been broadly welcomed by the European Fund and Asset Management Association (Efama), albeit with caveats as to the practicalities of implementing the proposals amid ongoing questions around ESG data quantity and quality. In a statement, the chief European fund industry body said: "We welcome that the TEG proposals on the EU taxonomy include transitioning activities...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes