Tuesday, April 24, 2018

UK fund manager will name-shame-divest climate bad guys

Helena Morrissey, a large investment manager responsible for over $1 trillion in assets, has said she’s soon to name and shame and strip companies of funding if they aren’t doing enough for climate change.

"There comes a time when talk is over, and it's time to vote with our feet. Money talks as they say," Morrissey said at a conference in London on Monday. She emphasised the need for the financial sector to work together, driving change through sustainable investments, and said that these investments can produce both "profit and purpose." Many individuals don't invest in the market because of fear their money will be used for purposes they disagree with, Morrissey said. She suggested sustainable investing as a solution.


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