Hundreds of Investment Funds Immediately Drop 'Green' Label to Dodge EU Rules

Hundreds of investment funds immediately drop 'green' label to dodge EU rules

At least 674 investment funds in Europe have removed or changed sustainability terms in their names — to avoid stricter new EU rules limiting fossil-fuel exposure, researchers find.

Billions in Fossil Fuel Stocks Hiding in Europe’s So-Called Green Funds - One Green Planet

Millions are invested in oil giants through funds labeled “green”—but critics say this is just greenwashing in disguise. The post Billions in Fossil Fuel Stocks Hiding in Europe’s So-Called Green Funds appeared first on One Green Planet.

Hundreds of ESG funds renamed as ESMA guidelines kick in

Campaigners say €22bn of fossil fuel investments must have been ditched as part of shake-up

Philanthropic Endowments Linked to Environmentally Harmful Industries

The majority of companies managing investments for charities and philanthropic foundations still use philanthropic endowments to make extensive investments in environmental destruction and tobacco, according to a new report.  Asset managers responsible for more than $80 trillion of assets – including those of charity and family endowments – are investing in fossil fuels, nuclear weapons and tobacco, and are failing to meet biodiversity standards…

“No harmless rebranding” – Investment funds drop sustainability claims following new EU guidelines on names