Fund Managers Brace for Correction as Greenwash Rules Go Global

At the London-based law offices of Simmons & Simmons, the phones are ringing off the hook.

Lucian Firth, an attorney who represents hedge funds and other asset managers on industry regulation, says his work life has been transformed by a new set of rules that prevent investment professionals from exaggerating the environmental and social credentials of whatever they’re selling.

“We’ve talked to loads of U.S. managers,” Firth said “It’s a very large part of the working day.”

Lucian Firth

Source: Simmons & Simmons LLP

The European Union introduced the Sustainable Finance Disclosure Regulation in March, and since then, clients from New York to Hong Kong have ...