A report from the European Commission has set out criteria to define sustainable finance in a bid to protect investors from 'greenwash'.
In an attempt to fire up investment in low-carbon infrastructure, the European Commission yesterday released a mammoth 414-page report defining what it means by "green" finance. The taxonomy, drawn up by the Commission's Technical Expert Group (TEG) on sustainable finance, aims to offer investors and companies a classification system to identify economic activities that are environmentally sustainable, and to help them measure their investments' real world impact. EdenTree shuns 'greenwashing' bonds for 'impact instruments' The EU has a target to cut greenhouse gas emissions by 40%...
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