“Just selling does nothing to address climate change, as ownership of the funds are just being transferred to someone else,” says one state pension fund official.
Institutional investors view greenwashing – where an organization presents itself as more environmentally friendly than it actually – as their top concern as they attempt to integrate ESG factors into investment decisions.
Scale, capital allocation and shareholder activism were top of the agenda as panelists at a recent Global Impact Investing Network (GIIN) conference discussed the best ways to attract more institutional investor funding to the battle against climate change.