Industry News: ESG

Most Passive Funds Labeled ESG Are Financing Oil, Gas Expansion

Written by ESG | 25-Mar-2024 1:16:22 PM

2024-03-19

BNN Bloomberg: More than two-thirds of passive funds marketed as sustainable are helping finance growth in the fossil-fuel industry, a trajectory that the International Energy Agency has said is incompatible with limiting global warming to the critical threshold of 1.5C.

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