In collaboration with Greenpeace Switzerland, we unveil a new report (summary) that examined 51 so-called “sustainable” funds available in Luxembourg and Switzerland.
Read the entire independent study here.
The results are sobering. The funds in question barely managed to redirect more capital towards a sustainable economy than conventional funds, hardly contributing to addressing the climate crisis, and misleading investors who want to increasingly invest their money in sustainable projects.
Sustainable investment products must lead to lower emissions in the real economy. Greenpeace calls upon decision-makers to deploy the necessary regulation to promote true sustainability in the financial markets. This must include comprehensive minimum requirements for so-called sustainable investment funds, allowing them to invest only in economic activities whose emissions reduction path is compatible with the Paris climate targets.
Financial centres such as Luxembourg can play a crucial role in obtaining this goal – but only if they renounce greenwashing in favour of legitimate sustainable financial products.