Only 7% of sample 31,000 equity funds have more than 10% 'green revenue'

Sustainable tech provider Clarity AI analysed 31,000 equity funds, which are often branded as in some way ‘green', on how they perform against the new EU Taxonomy requirements. The study found that just 7% of the funds analysed have more than 10% green revenues, as defined in the EU taxonomy, meaning they contribute to mitigating climate change. Globally, it found just 3.6% of revenues can be considered green. Under the Sustainability Finance Disclosure Regulation, asset managers need to report the EU Taxonomy alignment as part of the sustainability profile of funds. The funds need to...