ESG funds not as green as they seem: Study

ESG funds not as green as they seem: Study

A child runs as climate change activists gather to protest outside of BlackRock headquarters ahead of the 2021 United Nations Climate Change Conference (COP26), in San Francisco, California, U.S., October 29, 2021. REUTERS/Carlos Barria

One in seven funds branded as sustainable has a carbon emissions intensity higher than the average across all investment funds, and no climate-labelled fund has a portfolio fully aligned with the Paris Agreement’s goal, a study showed on Tuesday.

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