Investors must be more critical of ESG funds, Georgieva to keep IMF role
Wednesday 13 October 2021 – Vol.12 Ed.41.3
Commentary: Over half of ‘low-carbon’ ESG funds are exaggerating claims
By John Plender in London
Investors around the world have an insatiable urge to invest in environmental, social and governance-orientated funds. Yet whether these funds will deliver on the ESG promise is another matter. Fund management groups have commercial imperatives as well as fiduciary obligations. That can...