ESG Investment Funds Rife With Greenwashing: Report
Green funds sold by some of the world’s biggest asset managers are failing to live up to the climate goals set out in the Paris Agreement, according to an industry analysis by think tank, InfluenceMap.
InfluenceMap looked at 723 equity funds that were marketed as environmental, social and governance (ESG) or as climate-related, representing more than US$330 billion in total net assets.
Using a scale from minus 100 per cent to plus 100 per cent, it ranked funds according to how well they were aligned with the goals set out in the Paris Agreement, with a negative score indicating a portfolio with too much brown or too little green.
Source (Registration required): https://influencemap.org/report/Climate-Funds-Are-They-Paris-Aligned-3eb83347267949847084306dae01c7b0