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 .
The European Union (EU) has agreed a new law that requires asset managers, insurers 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 climate 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.