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‘Green’ Investment Funds Less Vulnerable to Climate-Related Shocks: EU Watchdog

March 17, 2021

Funds that invest in “brown” or polluting companies would be hit far harder than environmentally friendly “green” funds in a climate-related market shock, the European Union’s securities watchdog said on Wednesday in its first study of its kind.

The European Securities and Markets Authority (ESMA) published what it described as a first attempt to assess vulnerabilities to climate-related financial risks using data from 23,965 EU-based funds worth 10.7 trillion euros ($12.7 trillion).

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