Baillie Gifford has addressed accusations made by climate activist Greta Thunberg, who claimed the Scottish asset manager was involved in ‘greenwashing’.
Thunberg was supposed to appear at the Edinburgh International Book Festival at a panel on climate change scheduled for 13 August, but pulled out of the event on Friday (4 August). Baillie Gifford is the lead sponsor of the festival. The climate activist explained her move followed an investigation by news site The Ferret at the end of July, which claimed the Scottish asset manager had billions invested in companies that profit from fossil fuels. Baillie Gifford reports first firm-wide underperformance of benchmarks since 2009 The event Thunberg was supposed to attend has since bee...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
