As clients prepare to reward and punish managers on their green credentials, more hedge funds are taking note and taking action-from planting avocado trees to dumping coal assets.
LONDON: Some of the world’s most cynical climate-change investors may finally be coming around.
As clients prepare to reward and punish managers on their green credentials, more hedge funds are taking note and taking action-from planting avocado trees to dumping coal assets. It’s been a rapid change of heart: just over a year ago, fewer than 4 in 10 hedge funds felt environmental, social and governance factors were becoming more important.
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