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EU sustainable finance efforts hampered by short-termism and greenwashing, consultation finds

( February 10, 2021, 12:13 GMT | Official Statement) -- MLex Summary: Sustainable investment is hampered by short-term profit seeking, the greenwashing of polluting companies as environmentally friendly, and the lack of data on climate change and social impacts, respondents to a European Commission consultation have said. Just 15 percent of respondents knew whether their pensions or savings were invested sustainably, the consultation found, as the commission prepares new laws on green bonds and non-financial reporting.Document attached. ...

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