EU-Regulated 'Sustainable' Funds Accused of Investing £14bn in Biggest Polluters
Confusion Over 'Sustainable' Investment Labels
Fast fashion brands, fossil fuel companies, and SUV manufacturers are receiving investments from funds in the EU that claim to be environmentally friendly. Over £14bn of these funds are being directed to the 200 biggest polluters. Investors are holding more than £68bn in these funds that allegedly follow environmental and social standards based on EU regulations. Shockingly, about one-fifth of these investments are from funds marketing themselves using eco-friendly terms.
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