Chemical firms fear sustainable investment 'brown list’

Lawmakers should take into account the indirect contribution chemicals firms make to climate action when drafting a European definition of 'sustainable' investment, industry representatives have said

Lawmakers should take into account the indirect contribution of the chemicals sector to climate action when drafting a European definition of 'sustainable' investment, industry representatives said on Wednesday.

The European Parliament's economics and environment committees are due to vote later this month on European Commission proposals for an EU 'framework for sustainable investment'.

Lawmakers have tabled amendments that would add a set of criteria to define economic activities with a 'negative environmental impact' – effectively adding a negative 'brown list' to the positive 'green list' of sustainable economic activities envisaged by the EU executive.

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