The European Union has issued a set of rules governing which financial products can be classified as “green” and “sustainable.” Financial products will have to fully disclose what proportion of investments are environmentally friendly, and will be classified into three tiers, according to their level of “greenness”.

The commission has also excluded nuclear energy from the list of environmentally sustainable investments, based on a “no-harm” principle. The negotiations were held between lawmakers from the European Parliament and the Council, consisting of representatives of the 28 EU member states. The deal now needs to be approved by the European Commission.

Do you want to know more about sustainable finance?

Malta’s Finance Minister Edward Scicluna has announced that the Malta Stock Exchange will open up for green bonds. Green bonds are a way to raise money for projects which are environmentally sustainable. Speak to one of our experts if you want to know more about green bonds: equipped with sound knowledge of the financial markets and over 40 years’ experience, we have the ideal mix of skills, research and insights to help you make important decisions and achieve your desired goals.