Finance
Greening of Europe Means Lots More Red Tape for Investors
Fund firms will soon be required to disclose their holdings’ environmental impact
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Europe’s bankers and traders got plenty of slack from their regulators to weather the pandemic. For money managers, it’s a different story.
The investing industry is facing unprecedented demands from officials in Brussels charged with putting the European Union’s policies to counter climate change into practice. Regulations will soon force asset managers to quantify and disclose how much their holdings degrade the environment -- through carbon emissions, wastewater release and deforestation.