EU-regulated ‘sustainable’ funds invest in major polluters

An investigation reveals that EU-regulated “sustainable” funds, claiming ethical credentials, have invested £14bn in the world’s 200 biggest polluters, including fast fashion labels and fossil fuel companies. Over £68bn is invested in funds under the EU’s sustainable finance rules, with a significant portion going to major polluters. Campaigners argue current regulations mislead investors and contribute to climate breakdown. Calls for stricter rules on labeling and marketing of sustainable funds are increasing to prevent greenwashing and ensure investments genuinely support environmental goals.

Read More: https://www.theguardian.com/world/article/2024/jun/25/eu-regulated-sustainable-funds-invest-14bn-in-biggest-polluters

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