Blog: German Regulator Shelves ESG Rules After Russia Energy Fears – Bloomberg

Germany’s financial regulator has shelved planned rules for classifying investment funds as sustainable, after Russia’s invasion of Ukraine sent shockwaves through global energy markets.

“Against the backdrop of the dynamic situation in regulation, energy and geopolitics, we have decided to put our planned directive for sustainable investment funds on hold,” BaFin President Mark Branson said Tuesday at a press conference in Frankfurt. “The environment isn’t stable enough for permanent regulation.” 

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