Beschreibung:
Information related to sustainability and ESG in pre-contractual documentation is crucial in reducing investors biases and preventing greenwashing and impactwashing practices. To show how pre-contractual documents are currently employed to disclose sustainability and ESG-related information, we map and examine the contents of 945 Key Investor Information Documents (KIIDs) from ten major asset managers, including sustainable and non-sustainable funds. Through a Structural Topic Modelling approach, we infer sustainability-related topics and compare their contents and prevalence in different sections of these documents. Sustainability is a cross-cutting and multifaceted issue, discussed differently in different types of funds, coherently with the SFDR fund classification