Treasury appoints group to help tackle financial sector 'greenwashing'

The Green Technical Advisory Group (GTAG) will oversee the government's delivery of a "Green Taxonomy" - a common framework that aims to provide clear standards that would establish when investments or financial products can be defined as environmentally sustainable. Green financial products and environmental, social, and governance (ESG) focused funds have experienced a surge in demand in recent years. But their growing popularity has been accompanied by concerns that some green financial products struggle to deliver promised environmental benefits - fears that have been further amplifi...