The European Union ( EU ) has agreed a new law that requires asset managers , banks and pension funds to disclose the environmental risks contained in investments , as part of moves to counter “ greenwashing ” . FILE PHOTO: The law will also introduce transparency requirements relating to the social impact of investment decisions . The rule is part of a wider package designed to help the EU achieve investment targets that it estimates will require an additional investment of $ 203.4bn a year for the next two decades . EU states are also currently negotiating a legal text setting out a unified classification system of sustainable economic activities .
The European Union ( EU ) has agreed a new law that requires asset managers , banks and pension funds to disclose the environmental risks contained in investments , as part of moves to counter “ greenwashing ” . The law will also introduce transparency requirements relating to the social impact of investment decisions . The rule is part of a wider package designed to help the EU achieve investment targets that it estimates will require an additional investment of $ 203.4bn a year for the next two decades . EU states are also currently negotiating a legal text setting out a unified classification system of sustainable economic activities .