From 2 Aug 2022, the amended Markets in Financial Instruments Directive II (MiFID II) now requires financial advisers to consider clients' sustainability preferences when conducting suitability assessments. To facilitate this process, a new European environmental, social, and governance template, or EET, has been developed by industry representatives (FinDatEx) to ease the exchange of data between asset managers and distributors.


Morningstar recently collected EET data on 70,580 share classes, accounting for 43% of all share classes in scope of MiFID II, representing 10,316 funds.