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A Time for change in the sustainable fund market - Reflections and recommendations in a new regulatory environment

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1102 ‎$0‎MAPA20250005518‎$a‎International Capital Market Association
24512‎$a‎A Time for change in the sustainable fund market - Reflections and recommendations in a new regulatory environment
260  ‎$a‎Zurich‎$b‎International Capital Market Association‎$c‎2025
300  ‎$a‎36 p.
520  ‎$a‎This ICMA report analyzes the evolution and current challenges of the sustainable fund market, focusing on recent regulatory changes in Europe and the UK. It discusses how new rules on fund naming, categorization, and labelingmainly driven by concerns about greenwashingare reshaping the market, which is still largely European in scope. The report highlights the risk that overly restrictive definitions (such as relying solely on the EU Taxonomy) could unnecessarily limit sustainable investment opportunities. It also reviews international regulatory initiatives and best practices, and recommends a more inclusive and flexible approach to defining sustainable investments, recognizing the diversity of methodologies and instruments (including sustainable bonds, ESG ratings, and transition strategies). The report concludes with recommendations for regulators and market participants to support integrity, transparency, and growth in the sustainable fund sector, while avoiding unintended barriers to responsible investment
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856  ‎$u‎https://www.icmagroup.org/assets/documents/Sustainable-finance/ICMA-Paper-A-time-for-change-in-the-sustainable-fund-market-Reflections-and-recommendations-in-a-new-regulatory-environment-March-2025-250325.pdf