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ESMA Fund Names Guidelines

Guidelines from the European Securities and Markets Authority on EU funds whose names use ESG or sustainability-related terms. Funds using such terms must invest at least 80% of their assets in line with the environmental or social characteristics or sustainable objectives they promote, and must apply set exclusions. They applied to new funds from 21 May 2025 and to existing funds from 21 November 2025.

EcoAppraise context

A fund name is itself a sustainability claim. Names that overstate a fund's strategy are a common source of enforcement risk.

Related terms

SFDR; Sustainability Disclosure Requirements (SDR); ESG; AMF (French Financial Markets Authority); BaFin (German Financial Supervisory Authority)

Enforcement cases

The AMF updates its policy following its decision to comply with the ESMA guidelines on the names of ESG…

L’AMF met à jour sa doctrine à la suite de sa décision de se conformer aux orientations de l’ESMA sur le nom des fonds ESG

L'AMF décide d'appliquer les orientations sur les noms des fonds ESG, à la suite des clarifications apportées par l'ESMA

Impact of ESMA Guidelines on the use of ESG or sustainability-related terms in fund names

ESMA reviews impact of Guidelines on ESG or sustainability related terms in fund names

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