Are investors being misled by grand green claims, attached to pricy financial products?

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The Globe and Mail 26/11/2021

The Globe and Mail

 

"(...) But apart from paying substantially higher fees, some evidence suggests that investors may have little to show for their interest in saving the environment from polluters.

A recently released report from the EDHEC-Risk Institute, a department within the France-based business school, looked at the extent to which climate-aware institutional investors can influence corporate carbon emissions. The authors, Gianfranco Gianfrate, Tim Kievid and Angelo Nunnari, studied 6,392 firms in 68 countries between 2007 and 2018.

Their conclusion: On average, there was no meaningful carbon footprint reduction during the decade, and the reduction was slight even among the biggest polluters. (...)" 

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Are investors being misled by grand green claims, attached to pricy financial products?, The Globe and Mail, 26/11/2021