UK 'green' funds to raise global temperature three times beyond 1.5°C target

High street banks

The UK's top climate funds are on course to contribute to a 4.5°C temperature rise by 2050, despite laying out net zero strategies, research from fintech Clim8 has found.

'Green' funds too are contributing to the climate crisis, pushing temperature rises past 3°C, according to Clim8. Yet two thirds (66%) of British investors do not know where their money is going or if their investments are sustainable. Clim8 benchmarked the climate alignment of its portfolio against the world's largest traditional funds as well as climate-focused funds. The research, gathered using data and algorithms from Carbon4Finance (C4F), took into consideration the portfolios of 8,000 companies. Looking specifically at who these funds invest with, Clim8 was able to align ...