Investing

Number of ‘sustainable’ Irish funds may increase after new clarity from Europe

A new EC disclosure regime aims to harmonise standards across the continent to allay fears over asset managers being accused of greenwashing

Peter Stapleton: ‘We probably don't have the luxury of moving at a far slower pace’

The number of Irish funds classified as sustainable may increase following recent clarity from Europe on a new disclosure regime, a leading finance lawyer has said.

Peter Stapleton, managing partner in the Maples Group’s Dublin office, said the risk of being accused of greenwashing resulted in asset managers taking a “conservative” classification approach to ensure compliance with new rules.

As part of a recent crackdown against greenwashing, or mis-selling a product by overstating its sustainable ...