Tuesday February 18, 2020

EIB’s stance could help to ‘green’ financial markets

Top lender pursues eco-friendly investments, while making sure rest of its portfolios are not environmentally damaging

Daniel Murray

Business Reporter

@danieltmurray
5th January, 2020
The green taxonomy will provide centralised definitions of “green” or “environmentally sustainable

As 2019 wound down, MEPs and the European Council reached provisional agreement on a hugely important green finance policy which has been unhelpfully labelled the “green taxonomy”.

In simple terms, the green taxonomy will provide centralised definitions of “green” or “environmentally sustainable” economic activities in Europe. These definitions in turn will mean funds marketed as green will no longer have a free pass on how they define sustainable investments.

The...

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