8NOVEMBER 2023OPINIONIN MYThe asset management industry provides for a massive potential to raise private capital for the fight against climate change ­ and, in particular, from retail clients. Going beyond financing, the asset management industry has the potential to become an active driver of changes in the real world of things when it comes to CO2 emissions produced or mitigated by real assets.When the EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR) entered the surface of EU legislation, the whole financial industry had to work itself through the process of understanding the principles, impacts on products, processes, and financial models. The industry has seen an extensive need for sustainability advisors and the establishment of sustainability teams in-house. Two worlds had to make ends meet ­ sustainability professionals requiring higher standards to keep up with increasing environmental regulations and the world of total return. This was the turning point where EU regulation which has been pitied many times as self-absorbed by for example regulating a banana´s curve has set in motion real innovative processes.ROLE OF INVESTMENT FUNDS IN THE FIGHT AGAINST CLIMATE CHANGEBy Dr. Constanze Jacobs, Head of Transactions, Structuring & Asset Advisory, Legal, Commerz Real AGDr. Constanze Jacobs
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