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Why ESG fund labels could boost the City

The FCA's new rules are a step in the right direction, even if they won't change the world

London's rules are still at odds with the EU's, but at least investors have more clarity
London's rules are still at odds with the EU's, but at least investors have more clarity Photo: Getty Images/iStockphoto

David Wighton is a columnist for Financial News

The problem with the Financial Conduct Authority’s approach to ESG investing is that it is “religious”, according to the head of one asset manager that was a pioneer of responsible investing.

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