EU watchdog to define ‘greenwashing’ as sustainable funds rocket

European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020. REUTERS/Yves HermanRegister now for FREE unlimited access to Reuters.comRegisterLONDON, Feb 11 (Reuters) – The European Union’s markets watchdog said on Friday it will start working on a legal definition of “greenwashing” to underpin enforcement action as trillions of euros flow into funds that are advertised as climate-friendly.Regulators are playing catch-up with the deluge of money going into investments that tout their environment, social and governance (ESG) attractions.Few if any investment firms have been punished for “greenwashing”, or over-inflating their ESG credentials, as there are …
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