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April 17, 2023

In Brief: NZAM loses another member; EU consults on updated taxonomy criteria and SFDR

The latest round-up of ESG policy and regulatory news.

The Net Zero Asset Managers initiative is losing another member, with the exit of US fund manager Green Century Capital Management. According to media reports, the fund exited the alliance last month due to compliance concerns. Large asset manager Vanguard left at the end of last year, citing a will to regain independence from the group. NZAM is part of a larger network under the Glasgow Financial Alliance for Net Zero, launched at COP26. In recent months, several participants in the different financial groups have decided to withdraw their membership due to legal concerns.

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