IFC Launches ClimaLab to Enable European Banks Mitigate Climate Risks
IFC launches ClimaLab to help European banks manage climate risks, promoting sustainable investments in line with the Paris Agreement.
New EU Rules Crack Down on Greenwashing in Fund Names
ESMA found a fourfold increase in the use of ESG terms in European fund names over the past decade. However, this has led to some asset managers misleadingly labelling funds as “sustainable” to attract investors, which amounts to greenwashing.