The Globe and Mail 26/11/2021
"(...) But apart from paying substantially higher fees, some evidence suggests that investors may have little to show for their interest in saving the environment from polluters.
A recently released report from the EDHEC-Risk Institute, a department within the France-based business school, looked at the extent to which climate-aware institutional investors can influence corporate carbon emissions. The authors, Gianfranco Gianfrate, Tim Kievid and Angelo Nunnari, studied 6,392 firms in 68 countries between 2007 and 2018.
Their conclusion: On average, there was no meaningful carbon footprint reduction during the decade, and the reduction was slight even among the biggest polluters. (...)"
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