BETTER FINANCE's take on an EU Ecolabel was taken up in Politico's story on Sustainable Finance:
"European fund managers and investor advocates are at odds over the criteria intended to single out best-in-class green investment funds in the EU. The EU’s research arm proposed a series of thresholds that funds would have to exceed, measured by looking at the companies in a fund portfolio, then determining what portion of their revenue came from environmentally accredited activities. The European Fund and Asset Management Association (EFAMA) says the thresholds are too high and would force “a too-narrow pool of qualifying investments.” Better Finance said the thresholds (some as low as 18 percent) were “extremely weak” for equity funds and overly complex."
Read the full Politico article.