Hopes are high that a landmark EU agreement on how to classify green finance will reduce greenwashing and boost sustainable investing.
After months of negotiations between EU member states and the European Parliament, agreement was finally reached in December on what has been called the world’s first regulatory benchmark for green financial products.
The European Commission is hoping that the long-awaited “taxonomy for sustainable finance” will stimulate billions of euros in investment to help the now 27-member bloc achieve its aim of becoming the first continent to reach climate neutrality by 2050.
In this article that appeared in the January – February edition of Funds Europe, ESG experts from Janus Henderson, Franklin Templeton, Fidelity International, Refinitiv, Amundi and the Sustainability Accounting Standards Board shared their thoughts on whether the new taxonomy goes far enough and whether it will make a real difference in the long run.
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