Since August 2022, investment firms providing financial advice and portfolio management in Europe must carry out a mandatory assessment of sustainability preferences of their clients or potential clients. Investment firms in Europe must take these sustainability preferences into account in the selection process of financial instruments that are recommended to those clients.
However, 2DII’s 2022 mystery shopping campaign (253 visits across six EU countries) revealed an alarmingly low level of regulatory compliance. Furthermore, the campaign showed that the current integration of sustainable preferences by product distributors is insufficient to accommodate impact-oriented investors and to include an appropriate amount of detail for the market.
Read the full version of the Questionnaire and accompanying documents.
About our funder: This project has received funding from the European Union’s LIFE program under grant agreement LIFE18IPC/FR/000010 A.F.F.A.P. Disclaimer: The European Commission is not responsible for any use that may be made of the information it contains.