ESMA發布指引，防範基金「正面影響」與轉型宣稱漂綠
ESG Today · 2026-10-14
歐盟證券監管機構ESMA發布主題說明，要求基金與債券的影響力宣稱須準確、可取得、有實證且即時更新；強調區分投資人影響與被投企業影響、考量意圖性與額外性，並不得把投組減碳等同實體經濟減排。
學習單字
- Additionality額外性：若無該投資，正面成果就不會發生的程度
- greenwashing risks漂綠風險：誇大或誤導永續表現而引發的監管與聲譽風險
- real-economy decarbonization實體經濟減碳：實際排放量下降，而非僅靠調整投組達成
ESMA guides firms on avoiding greenwashing in impact and climate transition claims
EU regulator ESMA issued a thematic note on impact and transition claims for funds and bonds: claims must be accurate, accessible, substantiated and up to date. Firms should separate investor from investee impact, weigh intentionality and additionality, and not equate portfolio decarbonisation with real-economy cuts.