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Exchanges agree on global framework for green stocks

The framework is set to support capital flows into the green economy while also countering greenwashing in the industry

More than 50% of a firm's activity must come from work in the green economy for a stock to be classified as green
More than 50% of a firm's activity must come from work in the green economy for a stock to be classified as green Photo: Alexander Manzyuk/Getty Images

A global framework to classify green equities has been agreed on by stock exchanges around the world.

The change from the World Federation of Exchanges means an exchange can classify a business’ securities as green, if a stock issuer’s activities are mainly in the green economy,

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