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EU's Ecolabel needs a rethink?

Press review ETF Stream “The European Securities and Markets Authority (ESMA) has produced useful work quantifying the proposed extension of the voluntary EU Ecolabel to retail financial products. Only 16 out of some 3,000 sustainability-orientated UCITS equity funds – i.e. funds reporting under the Sustainable Financial Disclosures Regulation (SFDR) Article 8 and 9 – are estimated to meet three main quantitative criteria set forth in the latest report from the European Commission." 2023