By Huw Jones
LONDON (Reuters) – European Union regulators proposed sweeping changes on Tuesday to the bloc’s rules on labelling sustainable investments, to give investors simpler and clearer information and to stop “greenwashing” risks.
The proposals include marking financial products that are not yet sustainable as ‘transition’ products and introducing a sustainability indicator that would grade investment funds.
The EU’s executive European Commission is reviewing rules for asset managers, known as the sustainable finance disclosure regulation or SFDR, to curb greenwashing which refers to…