Business
Oil and gas pile-on could ‘match the tech scramble of 2020’ – The Australian Financial Review
If the market rotation into cyclical stocks gathers pace, it’ll be less easy being green. Climate-friendly investing may need to get smarter.
So there isn’t much in the Net Zero Asset Managers’ 10-point plan that comes as a surprise: reshape portfolios; encourage clients into climate-friendly investment products; use their shareholdings to push companies; and report progress using Task Force on Climate-related Financial Disclosures (TCFD) benchmarks.
The question, as always, is exactly how these broad commitments play out in practice, in the markets.
This year, the headline has been all about divestment led by BlackRock’s jettisoning…
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