The law firm has identified two main reasons for the decline in ESG product adoption: unclear greenwashing claim risks and regulatory uncertainty, particularly around the SFDR regime.
The conversation also touched upon the impact of macroeconomic and geopolitical factors, such as the Ukraine war, which has shifted consumer priorities towards economic concerns over climate. Looking ahead, ESG will remain a regulatory focus in Europe, with expected developments in voluntary disclosure templates and green bond regulations Despite these challenges, there is a growing recognition of the importance of transparency and clear definitions in ESG products, said Patrick Scholl (belo