Nearly 20% of Article 9 sustainable funds are breaching ‘do no harm’ standards, according to new research from Clarity AI.
This means they have more than 10% of their investments in companies that have violations of the UN Global Compact principles or the OECD Guidelines for multinational enterprises. Violations include bribery and corruption convictions, anti-competitive practices, and environmental impacts such as a tourism-based company dumping fuel and food waste along with thousands of gallons of sewage into the ocean. Nordea AM ends Brazil bond ban after Lula pledges conservation Clarity AI reviewed 15,000 funds and their Sustainable Finance Disclosure Regulation (SFDR) classifications. Among...
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