Carney calls for ‘50 shades of green’

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By Phil Thornton
28 Nov 2019

The biggest hurdle to ensuring sustainable investment becomes a mainstream strategy is inconsistent measurement of the environmental, social and governance (ESG) targets that underpin the products, according to Mark Carney, governor of the Bank of England.

Carney said the green taxonomy and bond standards being developed by the EU were a “good start” but currently only looked at excluding “brown” investments and embracing “dark green” ones.

“For sustainable investment to go truly mainstream, it needs to do more than exclude incorrigibly brown industries and ...

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