In December, the EU announced its green deal along with new rules for sustainable finance – the much-discussed ‘taxonomy’. Under the agreement, all financial products that claim to be green or sustainable will have to disclose exactly what proportion of their investments are environmentally friendly.
It’s going to be interesting – does this mean we will have more sustainable products or fewer? It’s hard to know because, at present, the data simply isn’t there to tell us where we are in the bid to direct capital to socially and environmentally supportive endeavours.
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