Quarter of Article 8 funds face 'greenwashing risk'

In its 2024 ESG Barometer report, the firm, part of Allfunds Group, noted the proportion of Article 8 funds at risk of greenwashing had increased in recent years, from 21% and 20% in 2021 and 2022, respectively, up to 24% last year. CFA UK launches impact investing certificate It said the main reason for this was that the vehicles have done "close to the bare minimum to classify as an Article 8 product", such as holding few negative exclusions or enforcing basic ESG integration, leading to ESG standards not being "strong enough". For Article 9 funds, just 6% face the same risk, the...