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Verena Ross' Opening Statement - 2024 ECON Annual Hearing, 14 October 2024

· Verena Ross, Chair of the European Securities and Markets Authority (European Union)

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, growth, investment and productivity

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· Verena Ross Wiki · European Securities and Markets Authority WikiVerena Ross' Opening Statement - 2024 ECON Annual Hearing, 14 October 2024

ContextAnnual hearing before the European Parliament's ECON Committee in Brussels; ESMA protects investors and keeps EU markets orderly, and must report its results to elected members.

Why it mattersESMA reports on its guidelines against misleading ESG fund names and greenwashing.

Problems raised
  1. Fund names may mislabel ESG investments.
  2. Greenwashing undermines investor trust.
  3. ESG information is not always reliable.
Solutions proposed
  1. Apply guidelines on ESG terms in fund names.
  2. Act on the final report on greenwashing.
  3. Improve the reliability of ESG disclosures.
Read full speech on esma.europa.eu ↗

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