Special Report-Sustainable Classifications: Relief or Pain?

Governments across Europe, Asia and Latin America are lining up to create a tangible classification on what constitutes a “sustainable investment” and what doesn’t. The uncertainty on sustainable investments has been a challenge for many investors who try to make “sustainable moves”.

The European Union is expected to introduce its “green investment taxonomy” in January to both help investors and make sustainable investments more attractive. The new rules also target “greenwashing”, a term that is used when a company overstates its sustainable activities to hide its environment damaging ones and mislead the public.

Britain is also set to complete its own guidelines next year, but it will not replicate the EU’s. Still, Britain and the EU’s guidelines will share similarities, but Britain’s will also be inspired by Chile’s mining focused, and China’s agriculture focused frameworks.

Different classifications create difficulty for global investors, as they will have to navigate through them all.

To ease that pain, the International Platform on Sustainable Finance tries to find common features in existing classifications. The platform’s members include the EU, Canada, Japan and Britain.

However, many investors are not hopeful of finding a common ground, as all major economies are set to create their own guidelines.

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