UKSIF publishes a survey of fund managers’ responses to climate-related risks facing fossil fuel companies
According to UKSIF’s recent survey, "Not long now: Survey of fund managers’ responses to climate-related risks facing fossil fuel companies", it is clear that fund management firms view fossil fuels and International Oil Companies (IOCs) as increasingly risky investments that are likely to be devalued in the near future.
- 54% of respondents believe the biggest barrier stopping them creating a new fossil fuel free fund is the lack of client demand.
- Among the biggest levers behind investment are the dividends IOCs offer.
"Whether these results mirror hard facts or common myths, one thing is clear: there is a long way to go in educating investors and shaping the future of responsible investing," says Flavia Micilotta, Eurosif's Executive Director.
To download the full report, please click here.