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For environmental investors, there is a sliver lining to the shakeout in ESG
By Gertjan Van Der Geer, Senior Investment Manager and Stephen Freedman, Head of research and sustainability, Thematic Equities, Pictet Asset Management
ESG investing appears to have hit a major roadblock. Donald Trump's return to the White House has set off a fierce backlash against the use of environmental, social and governance (ESG) principles in investment. In the US, a growing number of large financial institutions including BlackRock, Fidelity and JP Morgan are paring back their climate and social commitments.
Many American investors have also voted with their wallets. US ESG-labelled funds have suffered nine consecutive quarters of outflows;...
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