Banks are investing billions in some of the world's biggest carbon emitters using environmentally friendly labels.

More than four thousands funds in Europe invest 87 billions euros in the 200 most polluting companies. Such investments are being marketed as green under a faulty EU’s Sustainable Finance Disclosure Regulation (SFDR). EU-regulated “green funds” have been marketing investments in the world’s largest carbon or greenhouse gas emitting companies. Their “green” operations are in fields with the most carbon-intensive economic sectors such as oil, gas and coal, aviation, steel production, agribusiness and fashion. Read more about the EU GreenLaundering stories across the EIC network members and partners. [Published 25.06.2024]