High oil and gas prices and the global energy supply crunch have made fossil fuels more attractive, but asset owners and managers say that’s not about to derail their climate change goals.
European insurers lead the industry in having insurance and investment policies put in place to limit exposure to fossil fuels, while US and Asian firms received bottom scores.
The Korean state pension fund is pursuing a seemingly muddled strategy, investing in fossil fuel projects even as it says it will implement environmental, social and governance efforts.
The combined impact of tighter regulation and a global push towards renewables could dull returns from high-carbon emitters. Do they still have a place in investors' portfolios?