March 9, 2020 / 11:12 AM / a month ago

EU rules should flag investments reducing environmental harm - experts

LONDON, March 9 (Reuters) - European policymakers should use a two-tier approach to define sustainable investments, identifying fully ‘green’ investments while also flagging those that make a less substantial contribution to the low-carbon transition, industry experts said.

The rules would label as ‘green’ only investments that meet strict criteria. A second category would exist for investments that can meet less-stringent criteria which still prove they “do no significant harm” to the transition to a low-carbon economy. (Reporting by Kate Abnett; editing by Simon Jessop)

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