UBS, State Street among firms whose green funds fall short
More than half the climate-themed funds reviewed by a nonprofit failed to live up to the climate goals set out in the Paris Agreement, while just over 70% of funds promising ESG goals fell short.
Green funds sold by some of the world’s biggest asset managers are failing to live up to the climate goals set out in the Paris Agreement, according to a review of the industry conducted by London-based nonprofit InfluenceMap.
More than half of climate-themed funds flunked the test, while just
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