The European Union's Sustainable Finance Disclosure Regulation is set to reshape global ESG investing by arming investors with a deluge of data and information that will drive profound changes in the way that sustainable funds are managed, labelled and sold. The rules, which took effect on March 10, require financial institutions to disclose how they assess sustainability risk and the impact of their investments in a bid to beat "greenwashing". In an effort to stamp out mis-selling, funds will be required to formalise and rank - or entirely abandon - ESG claims.
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