The European Commission announced the launch of a new call for evidence, seeking input on its initiative to revise its Sustainable Finance Disclosure Regulation (SFDR), which aims to improve the regulation’s usefulness and to reduce reporting and compliance burdens for investors. The Sustainable Finance Disclosure Regulation, in application since 2021, sets out how financial market participants, such as asset managers,…
India’s Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing. India has set a series of climate goals, including a target to…
Legal & General Investment Management has merged two sustainable funds with mandates with similar characteristics, after both funds failed to deliver “broad, long-term performance outcomes”. The Legal & General Future World Sustainable European Equity Focus fund has been merged into the Legal & General European Equity Income Fund because, according to LGIM’s most recent Value Assessment, the fund “underperformed for…