Efama welcomes TEG proposals with caveats

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...