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An EC proposal for retail investors to be informed about how ESG concerns are taken into account in their investment has been welcomed.
Eurosif believes that the EC’s proposal is a major step along the road to sustainability in European financial markets.
The proposal, dated 3 July, is linked to an EU initiative to create a sustainable regulatory environment for the sale of retail investment products. It is also consistent with other financial reforms aimed at helping to rebuild confidence in European financial markets among retail investors.
Eurosif executive director François Passant said: “Encouragingly, the proposal requires that all packaged retail investment products, including those not portraying themselves explicitly as ‘ESG or SRI products’, disclose whether the investment product manufacturer targets specific ESG outcomes.”
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