Robeco has made the decision to exclude investments in thermal coal, oil sands and Arctic drilling from all of its mutual funds, with the process expected to be completed by Q4.
From now on, companies thast derive 25% or more of their revenues from thermal coal or oil sands, or 10% or more from Arctic drilling, will be exluded from all investment portfolios. Previously, a thermal coal exclusion policy already applied to the firm's most sustainable and impact strategies. The new policy will apply to all of the firm's mutual funds, excluding client-specific funds and mandates but including sub-advised funds. Fundsmith, Comgest and Robeco take top spot in SharingAlpha charts Robeco cited concerns that thermal coal is the highest carbon-emitting source of ener...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
