EU – ESMA publishes its final report on Guidelines on funds’ names using ESG or sustainability-related terms
15th May 2024

ESMA published its Final Report on Guidelines on funds’ names using ESG or sustainability-related terms on May 14, 2024. These Guidelines were developed based on the input received during a consultation process conducted in the winter of 2022-2023 and on the current UCITS and AIFMD frameworks.

The primary aim of the Guidelines is to safeguard investors from unfounded or exaggerated sustainability assertions in fund names. Additionally, they aim to offer asset managers well-defined and quantifiable criteria to evaluate their eligibility in utilizing ESG or sustainability-related terms in fund names.