In 2020, legislators in the European Parliament agreed to pass legislation to enact the Green New Deal. The deal is a package of 150 far-reaching directives and legislation enabling the EU bloc to become climate-neutral by 2050; the EU is home to 449 million people and is responsible for 6% of worldwide emissions.
Advocates envisaged that these laws would enable the EU to lead the way in the environment, increase transparency regarding how companies operate, and allow investors to compare business sustainability on a like-for-like basis.
