Finance risk takers yet to turn profits green
Investment houses are still hesitant about the fight against climate change, and might well be lagging behind their customers
Sydney — Are we trying to protect the climate with finance, or protect finance from a changing climate? It’s a question that gets discussed surprisingly rarely considering how important climate change is becoming to finance and vice versa.
Many financial managers see climate change as an opportunity, as expanding into services and products that claim to take it into account is a way for active investment managers to rise above the stiff competition posed by cheaper passive index funds. These products tend to bear the “environmental, social, and governance” (ESG) label, indicating they’re good investments...
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