Investors need help sorting truly green from greenwashing, says Treasury
A body of independent experts will draw up a green taxonomy to make it easier for investors and consumers to understand how a firm is impacting the environment
With growing investor interest in environmental, social and governance (ESG) issues, it has been inevitable that some firms, funds and service providers have leapt to greenwash’ their credentials or those of their clients to make them seem more attractive as an ESG investment.
For investors it can be difficult to ascertain how true these claims are, whether there is kernel of truth or whether the boasts are an exaggeration, or totally unsubstantiated.
Market Report: Rising oil prices remind investors of the inflation risk brewing
FTSE100 beat a retreat in early trading as rising oil prices reminded investors of the inflation risk brewing. London’s blue-chip index dropped 45 to 7,062.
Adding to the concerns, petrol prices are at a two-year high according to the RAC. A litre now costs129.27p on average, the highest since August 2019.
Reddit favourite AMC (NYSE:AMC) meanwhile nearly doubled as retail investors were wooed with promises of free popcorn. The frenetic trading saw shares in the cinema chain that owns the Odeon chain in the UK jump 95% as so-called meme stocks rocketed higher on Wall Street.
Alternus Energy buys 60% stake in Netherlands-based clean energy group Unisun Energy Holding B.V
The deal also provides a strong platform for Alternus to grow in the Netherlands, adding over 250 MW of solar projects at various stages of development Rotterdam-headquartered Unisun is led by industry veterans. CEO Andre Kempenaars and COO Leon Heijkoop have, between them, constructed and operated over 500 MW of wind and solar projects over the past decade
Alternus Energy PLC (NOTC:ALT) told investors it had acquired, for cash and shares, a 60% stake in Netherlands-based clean energy group Unisun Energy Holding B.V, making the former a fully vertically integrated independent solar power producer with activities across the solar power chain.