SEC forces funds to define sustainability

Securities and Exchange Commission SEC flag
The SEC’s names rule amendment’s focus on clarity could help to solve a key component of greenwashing (Photo: Al Drago/Bloomberg)

The US commission’s names rule now demands sustainability definitions from fund managers, though leaves room for broad interpretation, and more rules are in the offing

Amid widespread concern at the lack of standardisation and transparency in sustainable investing, the US Securities and Exchange Commission has amended its names rule ...

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