The amendment to Delegated Regulation (EU) 2020/1818 replaces the term 'controversial weapons' with 'prohibited weapons,' narrowing exclusion criteria to four categories: anti-personnel mines, cluster munitions, biological, and chemical weapons. The change excludes weapons like nuclear arms, autonomous systems, and incendiary weapons, despite their severe environmental and humanitarian impacts. The original regulation aimed to align sustainable investments with Paris Agreement goals, a purpose now compromised by the redefinition. The restricted criteria risk enabling greenwashing, misleading investors seeking climate-conscious options. A revision is demanded to incorporate qualitative factors such as environmental and human rights risks.
