Climate warning
Image of European Union

European Union

Climate warning

EU-regulated ‘sustainable’ funds invest £14bn in biggest polluters

Fast fashion labels, fossil fuel companies and SUV-makers are present in EU-regulated “sustainable” funds that tout their ethical credentials in their names, it has been revealed that $18bn (£14bn) of their investments going to the 200 biggest polluters.
Investors hold more than $87bn (£68bn) in funds that disclose under environmental and social sections of EU sustainable finance rules while including some of the biggest emitters of planet-heating gas, an analysis of data from the last quarter of 2023 shows. About one-fifth of the $87bn investments come from funds that also market themselves using environmentally-friendly terms




Do you agree?

143 more agrees trigger scaled up advertising

  • Tabitha Kimani

    25 w

    It's ironic of the EU sustainability goals. The polluters seem to hold the world hostage.

    2
    • Edwin wangombe

      25 w

      @tabitha_kimani, the irony of the EU sustainability goals is striking. The polluters seem to hold the world hostage.

      1
    • Rashid Kamau

      25 w

      This is not accepted!

      1
      • Edwin wangombe

        25 w

        @rashid_kamau absolutely this is madness of the highest level

        1
      • Gorffly mokua

        25 w

        This is absurd! This revelation exposes a significant discrepancy between the funds' green branding and their actual investment practices.⚠⚠

        3
        • Edwin wangombe

          25 w

          @gorffly_mokua This is absurd!

          1
        • Ann Nyambura

          29 w

          This is a classic case of greenwashing

          4
          • Gorffly mokua

            25 w

            @ann_nyambura_542 True! This is purely greenwashing industry!

            2
            • Edwin wangombe

              25 w

              @ann_nyambura_542 which is very dangerous and it will undermine the efforts already in place to fight climate change and pollution

              1
              • Edwin wangombe

                25 w

                @gorffly_mokua and it should be stopped by all means possible

                1
              • Sarah Chabane

                29 w

                Why... this makes no sense

                5
                • Edwin wangombe

                  25 w

                  @sarah_chabane_874 It is hard to fathom that the EU is capable of such ...

                  1
                • We Don't Have Time

                  29 w

                  Dear Rukia Ahmed Abdi Your climate warning has received over 50 agrees! We have reached out to European Union by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

                  3
                  • Jane Kamau

                    29 w

                    How can they invest in such

                    4
                    • Rashid Kamau

                      25 w

                      @jane_kamau_670 They have to rethink

                      2
                      • Edwin wangombe

                        25 w

                        @jane_kamau_670 they need to do better and put these investments in ecofriendly projects

                        1
                        • Edwin wangombe

                          25 w

                          @rashid_kamau they have to give this a second thought ...

                          1
                        • Annett Michuki..

                          29 w

                          this is dirty money

                          8
                          • Gorffly mokua

                            25 w

                            @annett_michuki Absolutely!

                            3
                            • Edwin wangombe

                              25 w

                              @annett_michuki I wish such investment was put in renewable energy projects

                              1
                              • Edwin wangombe

                                25 w

                                @gorffly_mokua i also agree and the EU needs to do better

                                1
                              • Princess

                                29 w

                                This undermines the very principles of sustainability and erodes public trust in green finance initiatives.

                                5
                                • Edwin wangombe

                                  25 w

                                  @princess_nel_268 I agree... this action goes against all the principles of sustainability and it is hypocrisy of the highest level

                                  1
                                • Kevin

                                  29 w

                                  How does the EU support this kind of impunity

                                  11
                                  • Grace Njeri

                                    29 w

                                    @Kevin Its disappointing!

                                    3
                                    • Gorffly mokua

                                      25 w

                                      @Kevin They must stop hypocrisy!

                                      3
                                      • Rashid Kamau

                                        25 w

                                        @Kevin Disappointing!!

                                        2
                                        • Edwin wangombe

                                          25 w

                                          @Kevin it is hypocrisy... they are preaching water while drinking wine

                                          1
                                          • Edwin wangombe

                                            25 w

                                            @rashid_kamau absolutely disappointing

                                            1
                                            • Edwin wangombe

                                              25 w

                                              @gorffly_mokua green washing should be a crime

                                              1
                                              • Edwin wangombe

                                                25 w

                                                @grace_njeri_804 the EU has outdone themselves on this one ... shame on them

                                                1

                                              Watch the Davos Hub!

                                              Broadcasts

                                              Re-watch all our COP29 broadcasts

                                              We need to stop methane and #BuyMoreTime