EU regulatory authorities are proposing to change the brands of sustainable investments

European Union regulators on Tuesday proposed sweeping changes to the bloc's rules on labeling sustainable investments to provide investors with simpler and clearer information and stop the risks of "greenwashing".

Proposals include labeling financial products that are not yet sustainable as "transitional" products and introducing a sustainability indicator to classify investment funds. The EU's executive European Commission is revising rules for asset managers, known as the Sustainable Finance Disclosure Regulation, or SFDR, to curb greenwashing, which refers to exaggerated climate-friendliness claims. (Huw Jones, more at reuters.com)