EU Agrees To Create Low-Carbon Standards To Aid Investors
Law360, London (February 26, 2019, 12:20 PM GMT) -- European authorities have revealed plans to create new benchmarks that will track the carbon footprint left behind by investment portfolios in a move that lawmakers hope will alert consumers to the environmental impact of the businesses they invest in.
The Council of the European Union and the European Parliament reached an agreement on Monday to create standardized benchmarks for the bloc's financial sector that will monitor the contribution made by investment companies to environmental damage. The standards will measure how they are responding to pressure to cut the harmful emissions released into the atmosphere by the industries they invest in.
Banks, insurers and...
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