Investors face myriad green investing rules

After years of complaints that there were no rules to determine what constitutes a "sustainable" investment, investors now fret there will soon be too many. More than 30 taxonomies outlining what is and is not a green investment are being compiled by governments across Asia, Europe and Latin America, each one reflecting national economic idiosyncrasies that can jar with a global capital market that has seen trillions poured into sustainable funds. The European Union will introduce its green investment taxonomy or common framework in January to provide guidelines for asset managers inside the bloc and make green activities more visible and attractive to investors. The rules also aim to stamp out "greenwashing", whereby organisations overstate their environmental credentials.