This article was originally published on the Guardian.
“The UK’s largest asset manager is to use its muscle as an investor to promote a green agenda by urging companies to tackle climate change and selling shares in those that do not.
In a move that echoes a growing belief among investors that climate change poses financial as well as environmental risks, Legal & General Investment Management launched the Future World Fund.
The fund, a small part of L&G’s £853bn assets under management, will invest in a new FTSE climate index of 3,000 stocks “tilted” towards companies that contribute to a low-carbon future…”
Read on at: the Guardian.