Scope
EU fund managers using ESG/sustainability terms in fund names
EU · guidance
ESMA fund-names guidelines
ESMA Guidelines on funds' names using ESG or sustainability-related terms (2024)
In forceApplies 2024-11-21
Penalties
National competent-authority supervision
Last verified
2026-08-22
In plain language
What this law does
Gates ESG/sustainability fund names: ≥80% of investments meeting E/S characteristics plus exclusion screens — PAB-level exclusions for 'sustainable'-named funds, CTB-level for transition/ESG terms.
Core obligations
80% threshold; exclusion screens; meaningful transition measurement for 'transition' names
Dictionary
Terms defined in this law
- ESG fund name thresholdESMA guidelines (2024)
- EU Green Bond StandardReg (EU) 2023/2631
- PAB / CTB exclusionsBenchmarks Reg delegated acts
- Generic environmental claimEmpCo Dir 2024/825 Annex I
- Offset-based claimEmpCo Annex I
- Sustainability labelEmpCo Annex I
- Durability/obsolescence practicesEmpCo Annex I
Claims