European ESG funds have invested $134 billion (123 billion euros) in companies actively pushing fossil fuel expansion projects or lacking a credible Paris-aligned coal phase-out plan, in what NGOs Urgewald und Facing Finance say is a massive greenwashing by well over one-third of the 14,000 ESG-labeled funds analyzed.
The ESG funds are known as Article 8 and Article 9 funds under the EU’s Sustainable Finance Disclosure Regulation (SFDR), adopted in 2021. The so-called Article 8 funds are registered as “promoting” ESG goals, while…NGO Research Shows European ESG Funds Investing Heavily in Fossil Fuel Firms
Понравилась статья? Подпишитесь на канал, чтобы быть в курсе самых интересных материалов
Подписаться