A rising tide of expectations raises the bar in ESG

Regulators signal growing concern about how fund managers use ESG data, and the data itselfIn a parallel move, ESG integration without positive impact or stewardship focus is losing its 'ESG' & 'sustainable' labeling advantageFund managers in Islamic markets just starting their ESG journey will be affected by stronger ESG regulations, even if the latest round won't directly impact them

Greenwashing is becoming a more common point of criticism within responsible investment. The expectations are no longer just centered on whether ESG information is considered, but on the way it is used. More asset managers and owners in Islamic markets are beginning to consider how regulators and market practices are evolving so as to not get caught flat-footed as expectations soar.

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