Grüne Finanzprodukte

For environmentally sustainable financial products to be recognized by market participants, sufficient information about their environmental risks and impacts must be available. However, without regulatory measures, there are insufficient incentives for product providers to disclose the relevant information. The market is unable to correct these information deficits itself. The regulatory vacuum in current law therefore leads to non-transparent conditions on the financial markets and increases the risk of greenwashing. Information on the sustainability of companies and products is only meaningful if legislators establish a taxonomy of environmental sustainability in addition to transparency obligations. The European legislator has already taken important steps in this direction, and it is obvious to at least follow the thrust of this concept. Only under a common understanding of the concept of environmental sustainability and a clear terminology will commitments to „net zero“ become…