ESMA发布指引，防范基金“正面影响”与转型宣称漂绿
ESG Today · 2026-10-14
欧盟证券监管机构ESMA发布主题说明，要求基金与债券的影响力宣称须准确、可取得、有实证且即时更新；强调区分投资人影响与被投企业影响、考量意图性与额外性，并不得把投组减碳等同实体经济减排。
学习单字
- Additionality额外性：若无该投资，正面成果就不会发生的程度
- greenwashing risks漂绿风险：夸大或误导永续表现而引发的监管与声誉风险
- real-economy decarbonization实体经济减碳：实际排放量下降，而非仅靠调整投组达成
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.