Findings from a report by the Climate Change Collaboration and the UK Sustainable Investment and Finance Association (UKSIF) show oil companies will no longer appeal to investors unless they adopt business models that support the Paris climate target.
The report, Oil pressure gauge: 2018 survey of fund managers' attitudes to climate risk and fossil fuel companies, found 86% of fund managers want oil companies to shift their focus away from fossil fuels and develop fossil-free products. In addition, almost half of the respondents are calling for oil companies to adopt policies consistent with limiting global warming to 1.5°C while 43% are calling for a 2°C target. Market Movers blog: Oil hits 2019-high on signals of end to Iran sanctions Two thirds (67%) of fund managers want oil companies to change their investment to support a ...
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
