“Data provider dropped products with combined $1.4tn in assets after finding ‘ambiguous language’ in legal filings. Morningstar cut the funds from its ‘sustainable universe’ after examining disclosures provided to investors such as prospectuses and annual reports.”Financial Times
February 10, 2022
“The cull underscores the challenge in ensuring sustainable investment products meet customers’ expectations.”
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ESG insurance, as we suggested a few weeks ago, is vital when ambiguous legal language is presumed–as it appears to be in this case–to indicate greenwashing.
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