Oil found in dark green funds has Danish FSA demanding sustainability of products claiming color

Passively managed funds must be just as sustainable as actively managed funds, says the Danish financial supervisory authority after oil was discovered in several index offerings.


"Dark green" Article 9 funds are sustainable, and their investments must be, too, the Danish financial supervisory authority (Finanstilsynet) confirms to EnergyWatch's sister media, FinansWatch. Even if a fund invests passively, the provider cannot hide behind a benchmark and claim it makes it green.

The agency states that if there are oil companies in the portfolio, the manager must be able to document that they do not damage the environment, and if the fund is an equity fund, the manager must be able to explain how the investments work towards the fund's sustainable goal.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Norway awards more than 50 new oil licenses

Norwegian oil giant Equinor has received almost half of the new licenses on the Norwegian continental shelf where there is still significant interest in new oil and gas deposits.

Further reading

Related articles

Latest News

See all jobs