Date: 26th November 2019

France’s top financial regulator has urged Europe to move faster on setting common standards for environmental, social and governance investing to prevent widespread “greenwashing”. According to Robert Ophèle, chairman of the Autorité des Marchés Financiers, the explosion in interest in ESG and the absence of EU-wide rules governing what constitutes a sustainable fund left Europe vulnerable to diverging practices that could undermine responsible investing. Sven Giegold, a Green MEP has agreed that without the common ESG rules “the risk of greenwashing remains high” while “the credibility of the market is at stake”.

Read the full article on Financial Times.