Industry News: ESG

Greenwashing Rules, Bank Pledges May Signal a New Day for Europe

Written by ESG | 22-Mar-2021 12:56:36 PM

2021-03-17 

BNN Bloomberg: The biggest Nordic bank plans to reduce its holdings of oil and gas stocks. The largest French insurer dropped RWE AG as a client because of the German energy giant’s reliance on coal. HSBC Holdings Plc announced plans to scale back its lending to fossil-fuel companies following criticism from shareholders. And the European Union has introduced new rules intended to crack down on greenwashing by managers of investment funds. 

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