Change is afoot in sustainable finance labels – and policies
France's decision to ban sustainable funds from investing in fossil fuel firms could lead to billions of divestment across Europe.
New greenwashing accusations and a recent French ruling are likely to help investors finally hone down on what they can call “sustainable finance” in 2024.
Europe’s sustainable finance landscape may change dramatically in the coming year, after the French government ruled that funds bearing its socially responsible investment (ISR) label can no longer invest in companies engaged in any new fossil fuel development from 2025.
