APG says EU regime for impact funds creates greenwashing risk

The increasingly stringent EU regime for green finance was discussed in Paris on Wednesday at the World Pensions Council conference. Pension fund APG believes EU approach has introduced “commercial incentives to go dark green”, exposing the industry to greenwashing. “I am not convinced that all the rules and regulations get the industry to do the right thing,” said Gert Dijkstra, senior managing director at APG.