Insights

The Road to Sustainability

Sustainability in EU Capital Markets: New Rules for Fund and Asset Managers Ahead

Currently in the European Union, no level playing field exists for asset management and rating agency activities when it comes to ensuring sustainability. The European Securities and Market Authority ("ESMA") is proposing amendments to certain Level 2 legislation and guidelines to make integration of environmental, social, and governance ("ESG") factors mandatory for asset managers, investment advisors, and credit rating agencies ("CRAs"). If implemented, EU-based asset managers and investment advisors will need to review their existing investment and advisory processes with regard to ESG. If they have not yet implemented such processes, they will need to develop adequate investment and advisory processes integrating ESG factors. EU-based CRAs also may need to disclose ESG factors when these are considered as part of a credit rating action.

This White Paper examines each of the new ESG integration proposals and outlines their possible impact on asset managers, investment advisors, and CRAs.

Jones Day publications should not be construed as legal advice on any specific facts or circumstances. The contents are intended for general information purposes only and may not be quoted or referred to in any other publication or proceeding without the prior written consent of the Firm, to be given or withheld at our discretion. To request reprint permission for any of our publications, please use our “Contact Us” form, which can be found on our website at www.jonesday.com. The mailing of this publication is not intended to create, and receipt of it does not constitute, an attorney-client relationship. The views set forth herein are the personal views of the authors and do not necessarily reflect those of the Firm.

 
We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.