SFDR

Speaking at RI Europe, he also commented on recently released measures to regulate ESG ratings, guidance on transition finance and the shelving of the EU Ecolabel.

Wave of Article 9 fund re-upgrades expected as asset managers given green light to set definitions of sustainable investments.

Lack of negative reaction is partly due to other firms also downgrading, according to manager's head of ESG advisory.

Hugh Wheelan argues that, if uncertainty is left to fester, there is a danger that things could get even worse.

The regulator also raised concerns over sustainability-linked bonds.

Move comes as Danish regulator issues improvement orders to eight funds over sustainability disclosures.

Some funds investing solely in ESG debt were downgraded last year as other managers take a cautious approach to initial classification.

Regulators will also scrutinise most ambitious sustainability claims by investors.

Platform outlines its thinking on how investors should assess human rights, bribery, corruption, taxation and fair competition under taxonomy rules.

Separately, Article 9 funds which have significant investments in non-ESG activities may be at risk of enforcement.