You might also be interested in:

Ingress-health and Indivumed Announce an International Partnership on Real-World Evidence Studies in Oncology

Hamburg/Wismar/Rotterdam/Oviedo (ots) - Ingress-health B.V. and Indivumed GmbH announced today the launch of an ...

Anniversary marks record 3.2 billion printed products / Onlineprinters celebrates 15 years of e-commerce

Fürth (ots) - The Onlineprinters Group celebrates its 15th anniversary with record breaking production ...

City cruises, reinvented by A-ROSA: E-Motion ship to bring all the amenities of a hotel to river cruising

Rostock (ots) - Featuring battery propulsion and air bubbles technology for clean cities and unpolluted rivers ...

All Releases
Subscribe to EUrVOTE

15.04.2019 – 11:00


More transparency for 'green' investments

More transparency for 'green' investments
  • Photo Info
  • Download

Banks and businesses in the EU who manage clients' assets will in the future have to provide detailed information about their investments' climate impact according to an agreement reached in early March by negotiators for the European Parliament and the EU member states. The measure is designed to prevent the so-called "greenwashing" of financial products. Parliament and the member states still have to give their official approval to the agreement before it can be implemented.

The European Union is aiming to reduce its greenhouse gas emissions by 40 per cent by 2030, compared to 1990 levels. It's part of the bloc's commitment under the 2015 Paris Climate Agreement. According to estimates by the European Commission around 180 billion euros in additional climate-friendly investments are needed per year in order to meet the goal.

Last year, the Commission made a number of proposals to increase the sustainability of financial markets. In February 2019, an agreement was reached to mark financial products with a "Paris label" if they are in line with the Climate Agreement. To this end, experts are to draw up a list of companies that can prove they adhere to the Paris Agreement goal of keeping global warming below 1.5 degrees Celsius above pre-industrial levels.

[Attention: These images are intended exclusively for editorial use in
connection with the current coverage and may be used only when using the
copyright notice "Photo: dpa".] 

All Releases
Subscribe to EUrVOTE
  • Printable version
  • PDF version