The vast majority of those surveyed felt a need for a product categorization system regulated at the European Union (EU) level. As over 70 percent of respondents noted having "totally disagreed" or "mostly disagreed" with the first statement. The following five statements received overall positive responses, with 231 respondents having totally or mostly agreed that product categories would facilitate retail investors' understanding of sustainability products, strategies, and objectives. A similar outcome was generated for statement five, as 209 respondents totally or mostly agreed that professional investors' understanding would benefit from a categorization system.
Preferred approach among financial market participants for product categorization system design regulated at the European Union (EU) level in select parts of Europe and the United States in 2023
Belgium, France, Germany, Luxembourg, Spain, United Kingdom, United States
Survey time period
September 14 to December 22, 2023
Number of respondents
289 respondents
Special properties
Organizations and individuals.
Supplementary notes
This data for each statement was generated using information from varying numbers (293 and 281) of the total respondents, whole survey group details are below.
The survey group was made up of 324 organizations and individuals coming from; Financial market participants (FMPs) and financial advisers comprised the largest group of respondents (63%), insurance companies (14%), and banks (10%), and NGOs (11%).
Respondents were primarily from EU countries, with France (23%), Germany (10%), Belgium (7%), Spain (6%), and Luxembourg (6%) being the most represented (totaling 52%). Approximately 19% of respondents were from non-EU countries, predominantly the UK (11%) and the U.S. (5%).
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European Commission. (May 3, 2024). Preferred approach among financial market participants for product categorization system design regulated at the European Union (EU) level in select parts of Europe and the United States in 2023 [Graph]. In Statista. Retrieved November 16, 2024, from https://www.statista.com/statistics/1535593/preferred-approach-to-an-eu-product-categorization-system-europe-and-us/
European Commission. "Preferred approach among financial market participants for product categorization system design regulated at the European Union (EU) level in select parts of Europe and the United States in 2023." Chart. May 3, 2024. Statista. Accessed November 16, 2024. https://www.statista.com/statistics/1535593/preferred-approach-to-an-eu-product-categorization-system-europe-and-us/
European Commission. (2024). Preferred approach among financial market participants for product categorization system design regulated at the European Union (EU) level in select parts of Europe and the United States in 2023. Statista. Statista Inc.. Accessed: November 16, 2024. https://www.statista.com/statistics/1535593/preferred-approach-to-an-eu-product-categorization-system-europe-and-us/
European Commission. "Preferred Approach among Financial Market Participants for Product Categorization System Design Regulated at The European Union (Eu) Level in Select Parts of Europe and The United States in 2023." Statista, Statista Inc., 3 May 2024, https://www.statista.com/statistics/1535593/preferred-approach-to-an-eu-product-categorization-system-europe-and-us/
European Commission, Preferred approach among financial market participants for product categorization system design regulated at the European Union (EU) level in select parts of Europe and the United States in 2023 Statista, https://www.statista.com/statistics/1535593/preferred-approach-to-an-eu-product-categorization-system-europe-and-us/ (last visited November 16, 2024)
Preferred approach among financial market participants for product categorization system design regulated at the European Union (EU) level in select parts of Europe and the United States in 2023 [Graph], European Commission, May 3, 2024. [Online]. Available: https://www.statista.com/statistics/1535593/preferred-approach-to-an-eu-product-categorization-system-europe-and-us/
