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The European Commission is conducting a comprehensive review of the regulations on the disclosure of information regarding sustainable finance, aiming to create a more transparent system for classifying products and improve the effectiveness of the SFDR regulations, which have thus far shown complexity and issues with the interpretation of ESG data. (translated)

#EUCouncil Lets Oil Expansion Qualify For Sustainable Funds Europe's proposed #SFDR rules let expanding oil companies qualify as "green" investments, ignoring Scope 3, the bulk of their emissions. Read more on @Forbes https://t.co/lnzznARGoc #SustainableInvesting #OilExpansion #ClimateChange #EU